Esab shares ended the last trading session 7.1% higher at $106.2 on impressive volume. The maker of welding and cutting equipment recently completed the acquisition of Eddyfi Technologies, integrating its instrumentation and monitoring technology into Esab's workflow solutions. The company is expected to post quarterly earnings of $1.45 per share, a 6.6% year-over-year increase, on revenues of $732.34 million, up 7.9% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised marginally lower over the last 30 days, and the stock currently carries a Zacks Rank of 3, or Hold.
ESAB CorpCompleted acquisition of Eddyfi Technologies, integrating its technology.
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