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. Most recently, Yahoo Finance reported about the stock as it publicized that ESAB Corporation Schedules Fourth Quarter 2023 Earnings Release and Conference Call.
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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 $93.41 and fluctuated between $94.85 as its day high and $93.38 as its day low. The current market capitalization of ESAB Corp is $5.63B. A total of 0.13 million shares were traded on the day, compared to an average of 220.13K 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 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 43 BUYs and 49 SELLs from insiders. Insiders purchased 102,529 shares during that period but sold 66,152.
In the most recent transaction, Biebuyck Olivier sold 1,000 shares of ESAB for 85.39 per share on Dec 14. After the transaction, the President, Fab Tech now owns 4,621 company shares. In a previous transaction on Dec 08, Kambeyanda Shyam sold 6,702 shares at 81.07 per share. ESAB shares that President and CEO owns now total 44,474.
Among the insiders who sold shares, Campion Michele disposed of 4,934 shares on Dec 07 at a per-share price of $81.72. This resulted in the Chief Human Resources Officer holding 0 shares of ESAB after the transaction. In another insider transaction, Biebuyck Olivier sold 519 shares at $78.45 per share on Nov 14. Company shares held by the President, Fab Tech now total 6,441.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. ESAB Corp pays an annual dividend of $0.23, resulting in a dividend yield of 0.25%, and it has a price to earnings (P/E) ratio of 26.18. ESAB’s most recent ex-dividend date was 12/28/2023 when it declared a $0.06 quarterly dividend that was paid in cash on 1/12/2024. Previously, the company paid the dividend on 10/13/2023 with an ex-dividend date of 9/28/2023. The ESAB stock dividend was $0.06 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 $91.75 with high estimates of $106.00 and low estimates of $77.00. In terms of 52-week highs and lows, ESAB has a high of $94.59 and a low of $54.49.
As of this writing, ESAB has an earnings estimate of $1.04 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.11 per share and a lower estimate of $1. The company reported an EPS of $1.21 in the last quarter, which was 18.60% higher than expectations of $1.02.
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. ESAB’s latest balance sheet shows that the firm has $41.21M in Cash & Short Term Investments as of fiscal 2021. There were $109.24M in debt and $596.59M in liabilities at the time. Its Book Value Per Share was $24.90, while its Total Shareholder’s Equity was $2.50B.
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, 0 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 Buy with a score of 3.88.
