Linde (NASDAQ:LIN) Issues Q4 2024 Earnings Guidance

Linde (NASDAQ:LIN) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 3.860-3.960 for the period, compared to the consensus EPS estimate of 4.020. The company issued revenue guidance of -. Linde also updated its FY 2024 guidance to 15.400-15.500 EPS.

Wall Street Analyst Weigh In

LIN has been the topic of several research reports. Barclays boosted their price objective on shares of Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. UBS Group reduced their target price 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. 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 note on Friday, July 12th. BMO Capital Markets reissued an “outperform” rating and issued a $477.00 target price on shares of Linde in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $484.18.

Linde Price Performance

Linde stock traded down $13.22 during trading hours on Thursday, reaching $460.18. 993,234 shares of the stock were exchanged, compared to its average volume of 1,819,619. Linde has a twelve month low of $376.70 and a twelve month high of $487.49. The company has a current ratio of 0.95, a quick ratio of 0.80 and a debt-to-equity ratio of 0.43. The stock has a 50 day moving average of $473.15 and a two-hundred day moving average of $451.70. The company has a market cap of $219.74 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94.

Linde (NASDAQ:LIN) last issued its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.57 EPS. Equities analysts expect that Linde will post 15.52 EPS for the current fiscal year.

Linde Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, December 3rd will be paid a $1.39 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $5.56 annualized dividend and a yield of 1.21%. Linde’s dividend payout ratio (DPR) is 42.31%.

Insider Transactions at Linde

In other Linde news, VP John Panikar sold 10,025 shares of Linde stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $462.75, for a total transaction of $4,639,068.75. Following the completion of the sale, the vice president now owns 17,584 shares of the company’s stock, valued at $8,136,996. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Linde Company Profile

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.