Linde (NASDAQ:LIN – Get Free Report) issued an update on its FY24 earnings guidance on Friday morning. The company provided EPS guidance of $15.40-15.60 for the period, compared to the consensus EPS estimate of $15.48. Linde also updated its FY 2024 guidance to 15.400-15.600 EPS.
Linde Trading Up 0.1 %
Shares of Linde stock opened at $454.00 on Friday. The firm has a market cap of $218.23 billion, a price-to-earnings ratio of 35.22, a price-to-earnings-growth ratio of 2.86 and a beta of 0.94. Linde has a 52-week low of $361.02 and a 52-week high of $477.71. The company’s 50-day simple moving average is $439.34 and its 200-day simple moving average is $439.73. 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 – Get Free Report) last released its earnings results on Friday, August 2nd. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $0.06. The company had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a return on equity of 17.49% and a net margin of 19.26%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.57 EPS. As a group, equities research analysts anticipate that Linde will post 15.49 earnings per share for the current year.
Linde Announces Dividend
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. UBS Group cut their price target on shares of Linde from $490.00 to $475.00 and set a neutral rating for the company in a report on Tuesday, July 9th. Citigroup lifted their price target on shares of Linde from $470.00 to $480.00 and gave the company a neutral rating in a research report on Friday, July 12th. Mizuho upped 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. Wells Fargo & Company lifted their price objective on Linde from $480.00 to $540.00 and gave the stock an overweight rating in a report on Thursday, April 11th. Finally, BMO Capital Markets lowered their target price on Linde from $510.00 to $475.00 and set an outperform rating on the stock in a report on Monday, May 6th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus 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.
Featured Stories
- Five stocks we like better than Linde
- What is Insider Trading? What You Can Learn from Insider Trading
- Market Crash? No Problem for DoorDash Stock’s Impressive Earnings
- Dividend Payout Ratio Calculator
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How to Invest in Tech StocksĀ and Top Tech Stocks to Consider
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
Receive News & Ratings for Linde Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linde and related companies with MarketBeat.com's FREE daily email newsletter.