Linde (NYSE:LIN) released its quarterly earnings results on Thursday. The basic materials company reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.05, RTT News reports. Linde had a return on equity of 10.68% and a net margin of 17.59%. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $6.95 billion. During the same quarter last year, the firm posted $1.46 EPS. Linde updated its Q1 2020
Pre-Market guidance to 1.86-1.94 EPS and its FY 2020
Pre-Market guidance to 8.00-8.25 EPS.
NYSE:LIN traded up $1.38 during mid-day trading on Friday, reaching $222.64. The stock had a trading volume of 43,695 shares, compared to its average volume of 1,732,298. The stock has a market capitalization of $117.40 billion, a P/E ratio of 27.49, a P/E/G ratio of 2.09 and a beta of 0.76. The firm has a 50 day moving average price of $210.58 and a two-hundred day moving average price of $199.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.75 and a current ratio of 0.90. Linde has a one year low of $165.93 and a one year high of $227.85.
In other news, EVP Anne K. Roby sold 2,402 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $212.17, for a total value of $509,632.34. Following the completion of the sale, the executive vice president now directly owns 36,433 shares in the company, valued at approximately $7,729,989.61. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Anne K. Roby sold 1,583 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $209.71, for a total transaction of $331,970.93. Following the completion of the sale, the executive vice president now owns 27,218 shares of the company’s stock, valued at $5,707,886.78. The disclosure for this sale can be found here. 0.70% of the stock is owned by corporate insiders.
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, the Asia Pacific, and South Korea. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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