Lincoln Electric Holdings Inc (NASDAQ: LECO) has reported E.P.S. of $1.78 for its third fiscal quarter (ending September 30) versus $2.26 for the same period a year ago — a decline of -21%. For the latest four quarters through September 30, E.P.S. were $8.49 compared to $8.65 a year ago — a decline of -2%.
Recent Price Action
On 10/31/24, Lincoln Electric Holdings Inc (NASDAQ: LECO) stock declined by -2.4%, closing at $192.56. Moreover, this decline was accompanied by exceptionally high trading volume at 228% of normal. Relative to the market the stock has been weak over the last nine months and has declined -0.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LECO is expected to continue to be a major Value Builder.
Lincoln Electric Holdings has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Lincoln Electric Holdings has a slightly negative Power Rating of 34 and a slightly negative Appreciation Score of 31, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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