Linde (NYSE:LIN) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided EPS guidance of 8.00-8.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.09. Linde also updated its Q1 2020
Pre-Market guidance to 1.86-1.94 EPS.
LIN traded up $1.38 during midday trading on Friday, hitting $222.64. 1,279,677 shares of the company were exchanged, compared to its average volume of 1,717,718. The company’s 50 day simple moving average is $210.77 and its 200 day simple moving average is $200.06. The firm has a market capitalization of $117.40 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 2.09 and a beta of 0.76. Linde has a 1-year low of $166.07 and a 1-year high of $227.85. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.21.
Linde (NYSE:LIN) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported $1.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.05. Linde had a return on equity of 10.68% and a net margin of 17.59%. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $6.95 billion. During the same quarter in the previous year, the firm posted $1.46 EPS. On average, equities analysts anticipate that Linde will post 7.3 EPS for the current year.
LIN has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Linde from $218.00 to $230.00 and gave the company an outperform rating in a report on Monday, December 2nd. Atlantic Securities assumed coverage on shares of Linde in a research note on Wednesday, November 27th. They set an overweight rating and a $250.00 price objective on the stock. UBS Group lifted their target price on shares of Linde from $220.00 to $240.00 and gave the company a buy rating in a report on Tuesday, December 17th. Barclays lifted their target price on shares of Linde from $210.00 to $230.00 and gave the company an equal weight rating in a report on Wednesday, November 13th. Finally, Morgan Stanley started coverage on shares of Linde in a research note on Monday. They issued an overweight rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $221.67.
In other news, EVP Anne K. Roby sold 1,583 shares of the company’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 transaction, the executive vice president now directly owns 27,218 shares of the company’s stock, valued at approximately $5,707,886.78. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Anne K. Roby sold 2,402 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $212.17, for a total value of $509,632.34. Following the transaction, the executive vice president now directly owns 36,433 shares of the company’s stock, valued at $7,729,989.61. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by company insiders.
Linde Company Profile
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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