Linde (NASDAQ:LIN) Releases Q4 2024 Earnings Guidance

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

Linde Stock Performance

Shares of LIN stock traded up $1.16 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. The stock has a market cap of $218.37 billion, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 2.89 and a beta of 0.94. Linde has a 1 year low of $385.12 and a 1 year high of $487.49. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.80 and a current ratio of 0.96. The company has a 50 day simple moving average of $472.87 and a 200 day simple moving average of $451.86.

Linde (NASDAQ:LIN) last announced its earnings results on Thursday, October 31st. The basic materials company reported $3.94 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.05. Linde had a return on equity of 18.16% and a net margin of 19.33%. The company had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same period last year, the firm earned $3.63 EPS. Linde’s revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts expect that Linde will post 15.52 EPS for the current year.

Linde Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LIN shares. UBS Group decreased their price target on Linde from $490.00 to $475.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft raised their price target on Linde from $510.00 to $515.00 and gave the company a “buy” rating in a report on Friday. Citigroup lifted their target price on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Friday, July 12th. JPMorgan Chase & Co. lifted their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, Bank of America lifted their target price on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $490.75.

Insider Buying and Selling

In other Linde news, VP John Panikar sold 10,025 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president now 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 Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by company 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.