After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for ESAB Corporation (ESAB) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $59.32. The ESAB Corporation has recorded 947 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted ESAB Corporation Announces Fourth Quarter 2022 Results.
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Stocks Info
The company is listed on the NYSE and operates within the Metal Fabrication industry segment. At the end of the last regular session, the stock closed at $59.32 and fluctuated between $60.69 as its day high and $58.40 as its day low. The current market capitalization of ESAB Corporation is $3.67B. A total of 0.68 million shares were traded on the day, compared to an average of 270.45K shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ESAB has seen 10 BUY and 11 SELL insider trades, representing the acquisition of 20,068 and the disposition of 11,224 shares. Over the last 12 months, there were 39 BUYs and 29 SELLs from insiders. Insiders purchased 654,926 shares during that period but sold 60,065,760.
In the most recent transaction, Jordan Rhonda L sold 3,810 shares of ESAB for 61.39 per share on Mar 09. After the transaction, the Director now owns 0 company shares. In a previous transaction on Feb 27, Hix Christopher M sold 4,721 shares at 57.65 per share. ESAB shares that Director owns now total 41,363.
Among the insiders who sold shares, Hix Christopher M disposed of 837 shares on Feb 23 at a per-share price of $57.62. This resulted in the Director holding 36,644 shares of ESAB after the transaction. In another insider transaction, Hix Christopher M sold 1,609 shares at $57.82 per share on Feb 21. Company shares held by the Director now total 35,808.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. ESAB Corporation pays an annual dividend of $0.20, resulting in a dividend yield of 0.34%, and it has a price to earnings (P/E) ratio of 15.85. ESAB’s most recent ex-dividend date was 3/30/2023 when it declared a $0.05 quarterly dividend that was paid in cash on 4/14/2023. Previously, the company paid the dividend on 1/13/2023 with an ex-dividend date of 12/29/2022. The ESAB stock dividend was $0.05 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ESAB in the last 3 months, the mean price target is $68.25 with high estimates of $72.00 and low estimates of $63.00. In terms of 52-week highs and lows, ESAB has a high of $63.32 and a low of $32.12.
As of this writing, ESAB has an earnings estimate of $0.89 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.93 per share and a lower estimate of $0.86. The company reported an EPS of $1.08 in the last quarter, which was 6.90% higher than expectations of $1.01.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 5 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ESAB is Overweight with a score of 4.50. A total of 2 analysts rated the stock as Buy while 1 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.
