Linde (NYSE:LIN) issued an update on its first quarter 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.86-1.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.90. Linde also updated its FY 2020
Pre-Market guidance to 8.00-8.25 EPS.

Several research firms have commented on LIN. Deutsche Bank increased their price target on shares of Linde from $240.00 to $255.00 and gave the company a buy rating in a research report on Friday. Barclays lifted their price objective on shares of Linde from $210.00 to $230.00 and gave the stock an equal weight rating in a research report on Wednesday, November 13th. Pareto Securities upgraded shares of Linde to a hold rating in a research note on Tuesday, December 10th. BMO Capital Markets boosted their price objective on shares of Linde from $218.00 to $230.00 and gave the stock an outperform rating in a research note on Monday, December 2nd. Finally, Atlantic Securities began coverage on shares of Linde in a research report on Wednesday, November 27th. They set an overweight rating and a $250.00 target price for the company. Two analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $221.67.

Shares of Linde stock traded up $1.38 during midday trading on Friday, hitting $222.64. The company had a trading volume of 1,279,677 shares, compared to its average volume of 1,717,718. The company has a fifty day simple moving average of $210.77 and a 200 day simple moving average of $200.06. The stock has a market cap of $117.40 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 2.09 and a beta of 0.76. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.21. Linde has a 12-month low of $166.07 and a 12-month high of $227.85.

Linde (NYSE:LIN) last released its earnings results on Thursday, February 13th. The basic materials company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.05. Linde had a net margin of 17.59% and a return on equity of 10.68%. The company had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $6.95 billion. During the same quarter in the previous year, the firm earned $1.46 EPS. As a group, analysts expect that Linde will post 7.3 EPS for the current year.

In other news, EVP Anne K. Roby sold 2,402 shares of the stock in a transaction dated 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anne K. Roby sold 1,583 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $209.71, for a total value of $331,970.93. Following the completion of the transaction, 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. Company insiders own 0.70% of the company’s stock.

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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Earnings History and Estimates for Linde (NYSE:LIN)

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