For its second fiscal quarter (ending June 30), Lincoln Electric Holdings Inc (NASDAQ: LECO) has reported E.P.S. of $1.79 compared to $2.39 a year ago. For the latest four quarters through June 30, E.P.S. were $8.97 versus $8.29 for the same period a year ago.
Recent Price Action
Lincoln Electric Holdings Inc (NASDAQ: LECO) stock closed at $205.41 on 7/31/24 after a decline of -2.9%. Moreover, this decline was accompanied by exceptionally high trading volume at 272% of normal. The stock has declined -0.9% during the last week and has been weak relative to the market over the last nine months.
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 consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Lincoln Electric Holdings has a slightly negative Power Rating of 38 and a poor Appreciation Score of 29, triggering the Negative Value Trend Rating.
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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