Linde (NASDAQ:LIN - Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Linde to post earnings of $3.93 per share and revenue of $8.41 billion for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.
Linde (NASDAQ:LIN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $3.94 earnings per share for the quarter, beating analysts' consensus estimates of $3.89 by $0.05. Linde had a net margin of 19.33% and a return on equity of 18.16%. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.39 billion. During the same period in the previous year, the business earned $3.63 EPS. Linde's revenue was up 1.9% compared to the same quarter last year. On average, analysts expect Linde to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.
Linde Price Performance
Shares of Linde stock traded up $8.06 on Thursday, reaching $446.38. The stock had a trading volume of 2,508,048 shares, compared to its average volume of 2,344,907. The business's 50 day moving average is $434.86 and its two-hundred day moving average is $453.22. The company has a current ratio of 0.96, a quick ratio of 0.81 and a debt-to-equity ratio of 0.43. Linde has a 1 year low of $396.07 and a 1 year high of $487.49. The company has a market cap of $212.55 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 2.74 and a beta of 0.94.
Insider Activity at Linde
In related news, Director Paula Rosput Reynolds purchased 100 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $441.34 per share, with a total value of $44,134.00. Following the acquisition, the director now directly owns 233 shares in the company, valued at $102,832.22. The trade was a 75.19 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David P. Strauss sold 2,218 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $434.35, for a total transaction of $963,388.30. Following the transaction, the vice president now owns 25,926 shares in the company, valued at approximately $11,260,958.10. This trade represents a 7.88 % decrease in their position. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several research analysts have commented on LIN shares. BMO Capital Markets lifted their price target on shares of Linde from $477.00 to $507.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. TD Cowen upgraded Linde from a "hold" rating to a "buy" rating and boosted their price objective for the company from $480.00 to $515.00 in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Linde from $510.00 to $515.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Mizuho upped their price target on shares of Linde from $520.00 to $530.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Erste Group Bank reissued a "hold" rating on shares of Linde in a report on Tuesday, November 19th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Linde currently has an average rating of "Moderate Buy" and an average target price of $501.82.
Read Our Latest Stock Report on Linde
About Linde
(
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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.
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