Linde (LIN) Set to Announce Earnings on Thursday

Linde (NASDAQ:LIN) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Linde to post earnings of $3.90 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Linde (NASDAQ:LIN) last announced 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. Linde had a net margin of 19.49% and a return on equity of 17.92%. The firm had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $8.30 billion. During the same period in the prior year, the firm posted $3.57 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts expect Linde to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Linde Trading Down 0.3 %

Shares of Linde stock opened at $474.66 on Wednesday. Linde has a 12-month low of $373.69 and a 12-month high of $487.49. The company has a market cap of $226.65 billion, a price-to-earnings ratio of 36.12, a PEG ratio of 3.00 and a beta of 0.94. 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 company’s 50-day moving average price is $472.92 and its 200-day moving average price is $451.55.

Linde Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be given a $1.39 dividend. This represents a $5.56 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Tuesday, December 3rd. Linde’s dividend payout ratio (DPR) is 42.31%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Linde from $430.00 to $480.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Bank of America raised their price target on Linde from $495.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Barclays raised their price target on Linde from $460.00 to $510.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. BMO Capital Markets reiterated an “outperform” rating and issued a $477.00 price objective on shares of Linde in a research report on Friday, August 30th. Finally, Citigroup lifted their price objective on Linde from $470.00 to $480.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $484.18.

Insider Transactions at Linde

In related news, VP John Panikar sold 10,025 shares of Linde 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 sale, the vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

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.