Linde (NYSE:LIN) Issues Quarterly Earnings Results

Linde (NYSE:LIN) posted its quarterly earnings results on Thursday. The basic materials company reported $1.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.25, MarketWatch Earnings reports. The business had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.26 billion. Linde had a return on equity of 8.27% and a net margin of 8.37%. Linde updated its FY 2020
IntraDay guidance to 7.60-7.80 EPS and its Q3 2020
IntraDay guidance to 1.90-1.95 EPS.

NYSE LIN traded up $3.09 during trading hours on Friday, hitting $245.11. 2,755,384 shares of the stock were exchanged, compared to its average volume of 1,901,530. The company has a market cap of $128.73 billion, a price-to-earnings ratio of 57.81, a price-to-earnings-growth ratio of 2.89 and a beta of 0.72. Linde has a 12-month low of $146.71 and a 12-month high of $248.88. The stock has a 50-day moving average of $222.96 and a 200 day moving average of $200.90. The company has a quick ratio of 0.63, a current ratio of 0.80 and a debt-to-equity ratio of 0.23.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.963 per share. The ex-dividend date is Wednesday, September 2nd. This represents a $3.85 annualized dividend and a yield of 1.57%. Linde’s dividend payout ratio is currently 52.45%.

LIN has been the topic of a number of recent research reports. HSBC downgraded Linde from a “buy” rating to a “hold” rating and set a $193.00 target price on the stock. in a research note on Tuesday, June 16th. They noted that the move was a valuation call. BMO Capital Markets upped their target price on Linde from $217.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Berenberg Bank restated a “buy” rating on shares of Linde in a research note on Wednesday, May 13th. Cfra reduced their price target on Linde from $245.00 to $209.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, Citigroup upped their price target on Linde from $209.00 to $216.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $226.24.

About Linde

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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Earnings History for Linde (NYSE:LIN)

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