Linde (NASDAQ:LIN) Releases Q4 Earnings Guidance

03 Nov 2024, 12:38 by Teresa Graham · The Cerbat Gem

Linde (NASDAQ:LIN – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.86-3.96 for the period, compared to the consensus estimate of $4.04. Linde also updated its FY 2024 guidance to 15.400-15.500 EPS.

Linde Price Performance

Shares of LIN traded up $1.16 during trading hours on Friday, reaching $457.31. 2,347,398 shares of the company traded hands, compared to its average volume of 1,574,533. The stock has a fifty day simple moving average of $472.87 and a 200 day simple moving average of $451.86. The company has a quick ratio of 0.80, a current ratio of 0.96 and a debt-to-equity ratio of 0.43. Linde has a fifty-two week low of $385.12 and a fifty-two week high of $487.49. The stock has a market capitalization of $218.37 billion, a PE ratio of 34.72, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94.

Linde (NASDAQ:LIN – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same period in the previous year, the business earned $3.63 EPS. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, research analysts predict that Linde will post 15.52 EPS for the current fiscal year.

Linde Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. Linde’s dividend payout ratio (DPR) is presently 42.22%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Barclays upped their price target on Linde from $460.00 to $510.00 and gave the company an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets lifted their price target on Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a report on Friday. Mizuho lifted their price target on shares of Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a research report on Friday. Bank of America boosted their price objective on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Finally, Citigroup lifted their price target on Linde from $470.00 to $480.00 and gave the company a “neutral” rating in a research note on Friday, July 12th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $490.75.

Read Our Latest Stock Report on LIN

Insider Activity

In other news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total value of $4,639,068.75. Following the transaction, the vice president now owns 17,584 shares of the company’s stock, valued at approximately $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Linde Company Profile

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