Linde (NASDAQ:LIN) Releases FY 2024 Earnings Guidance

Linde (NASDAQ:LIN) 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 Stock Up 0.3 %

Linde stock traded up $1.16 during trading hours on Friday, reaching $457.31. The stock had a trading volume of 2,347,398 shares, compared to its average volume of 1,574,533. Linde has a 52 week low of $385.12 and a 52 week high of $487.49. The company has a market cap of $218.37 billion, a price-to-earnings ratio of 34.72, a PEG ratio of 2.89 and a beta of 0.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.96 and a quick ratio of 0.80. The business’s 50 day moving average price is $472.87 and its 200-day moving average price is $451.86.

Linde (NASDAQ:LIN) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, beating 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 firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same quarter in the prior year, the business posted $3.63 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Linde will post 15.52 EPS for the current year.

Linde Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on LIN. UBS Group cut their price target on shares of Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. BMO Capital Markets boosted their target price on shares of Linde from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price target on Linde from $510.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Mizuho boosted their price objective on Linde from $520.00 to $530.00 and gave the company an “outperform” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Linde currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.75.

Insider Buying and Selling at Linde

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $462.75, for a total value of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares in the company, valued at approximately $8,136,996. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

About Linde

Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.