Linde (NASDAQ:LIN) Issues Q3 2024 Earnings Guidance

Linde (NASDAQ:LIN) issued an update on its third quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 3.820-3.920 for the period, compared to the consensus EPS estimate of 3.960. The company issued revenue guidance of -. Linde also updated its FY 2024 guidance to 15.400-15.600 EPS.

Linde Trading Up 0.1 %

Shares of Linde stock traded up $0.66 during trading hours on Friday, hitting $454.00. The company’s stock had a trading volume of 2,714,589 shares, compared to its average volume of 1,497,816. Linde has a 1-year low of $361.02 and a 1-year high of $477.71. The business has a fifty day moving average of $439.34 and a 200 day moving average of $439.50. The company has a market capitalization of $218.23 billion, a PE ratio of 35.22, a P/E/G ratio of 2.86 and a beta of 0.94. The company has a quick ratio of 0.76, a current ratio of 0.91 and a debt-to-equity ratio of 0.38.

Linde (NASDAQ:LIN) last announced its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.06. The business had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $8.30 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.57 earnings per share. As a group, equities analysts forecast that Linde will post 15.49 EPS for the current year.

Linde Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be paid a $1.39 dividend. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analysts Forecast Growth

LIN has been the topic of a number of research analyst reports. Mizuho increased their price objective on shares of Linde from $510.00 to $512.00 and gave the company a buy rating in a research note on Friday, May 3rd. BMO Capital Markets reduced their price objective on shares of Linde from $510.00 to $475.00 and set an outperform rating on the stock in a research note on Monday, May 6th. Wells Fargo & Company increased their price objective on shares of Linde from $480.00 to $540.00 and gave the company an overweight rating in a research note on Thursday, April 11th. HSBC reduced their price objective on shares of Linde from $458.00 to $452.00 and set a buy rating on the stock in a research note on Monday, May 6th. Finally, Citigroup increased their price objective on shares of Linde from $470.00 to $480.00 and gave the company a neutral rating in a research note on Friday, July 12th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $477.25.

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.