Linde (NASDAQ:LIN) Issues FY 2024 Earnings Guidance

03 Nov 2024, 16:16 by Scott Moore · The Cerbat Gem

Linde (NASDAQ:LIN – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 15.400-15.500 for the period, compared to the consensus EPS estimate of 15.510. The company issued revenue guidance of -. Linde also updated its Q4 guidance to $3.86-3.96 EPS.

Linde Price Performance

LIN stock traded up $1.16 during mid-day trading on Friday, hitting $457.31. The stock had a trading volume of 2,347,398 shares, compared to its average volume of 1,574,533. The firm has a fifty day simple moving average of $472.87 and a 200 day simple moving average of $451.86. Linde has a 52 week low of $385.12 and a 52 week high of $487.49. The company has a current ratio of 0.96, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $218.37 billion, a P/E ratio of 34.72, a P/E/G ratio of 2.89 and a beta of 0.94.

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

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LIN shares. Mizuho lifted their target price on shares of Linde from $520.00 to $530.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets boosted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an “outperform” rating in a research report on Friday. Citigroup boosted their price target on shares of Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. UBS Group dropped their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Bank of America boosted their price target on shares of Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $490.75.

Get Our Latest Research Report on Linde

Insiders Place Their Bets

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction 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 sale, the vice president now directly owns 17,584 shares in the company, valued at $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

Linde Company Profile

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