Linde (LIN) Set to Announce Earnings on Thursday

Linde (NASDAQ:LIN) is set to release its earnings data before the market opens on Thursday, October 31st. Analysts expect Linde to post earnings of $3.90 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Linde (NASDAQ:LIN) last released its quarterly earnings results on Friday, August 2nd. The basic materials company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.79 by $0.06. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $8.30 billion. Linde had a net margin of 19.49% and a return on equity of 17.92%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $3.57 earnings per share. On average, analysts expect Linde to post $16 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Linde Price Performance

NASDAQ:LIN 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’s 50-day moving average price is $472.92 and its two-hundred day moving average price is $451.55. The firm has a market cap of $226.65 billion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 3.00 and a beta of 0.94. The company has a quick ratio of 0.80, a current ratio of 0.95 and a debt-to-equity ratio of 0.43.

Linde Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 3rd will be paid a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, VP John Panikar sold 10,025 shares of Linde stock in a transaction that occurred on Tuesday, September 10th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

About Linde

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.