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 on Friday, hitting $454.00. 2,714,556 shares of the company’s stock traded hands, compared to its average volume of 1,987,919. The company has a fifty day moving average of $438.97 and a two-hundred day moving average of $439.19. The company has a market capitalization of $218.23 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.91 and a quick ratio of 0.76. Linde has a one year low of $361.02 and a one year high of $477.71.

Linde (NASDAQ:LIN) last announced its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $3.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.07. The business had revenue of $8.10 billion for the quarter, compared to analyst estimates of $8.38 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The company’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.42 earnings per share. As a group, sell-side analysts expect that Linde will post 15.49 earnings per share for the current year.

Linde Dividend Announcement

The business also recently disclosed 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. This represents a $5.56 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Wells Fargo & Company raised their target price on Linde from $480.00 to $540.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. UBS Group cut their price target on Linde from $490.00 to $475.00 and set a neutral rating for the company in a report on Tuesday, July 9th. BMO Capital Markets cut their price target on Linde from $510.00 to $475.00 and set an outperform rating for the company in a report on Monday, May 6th. Citigroup raised their price target on Linde from $470.00 to $480.00 and gave the stock a neutral rating in a report on Friday, July 12th. Finally, Mizuho raised their price target on Linde from $510.00 to $512.00 and gave the stock a buy rating in a report on Friday, May 3rd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price 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.