Linde (NYSE:LIN) Releases FY 2021 Earnings Guidance

Linde (NYSE:LIN) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 9.600-9.800 for the period, compared to the Thomson Reuters consensus estimate of $9.320. The company issued revenue guidance of -.Linde also updated its Q2 2021 guidance to 2.500-2.550 EPS.

A number of research firms recently commented on LIN. Citigroup lifted their price target on Linde from $333.00 to $358.00 in a research note on Tuesday, May 11th. The Goldman Sachs Group lifted their price target on Linde from $309.00 to $340.00 and gave the stock a buy rating in a research note on Tuesday, May 11th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on Linde from $333.00 to $358.00 in a research note on Tuesday, May 11th. Berenberg Bank reiterated a buy rating on shares of Linde in a research note on Tuesday, May 11th. Finally, Cowen assumed coverage on Linde in a research note on Wednesday, March 24th. They issued a market perform rating and a $300.00 price target for the company. One research analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. Linde currently has an average rating of Buy and a consensus price target of $305.00.

Shares of LIN traded up $3.22 during mid-day trading on Friday, reaching $301.17. 1,210,564 shares of the company’s stock traded hands, compared to its average volume of 1,815,101. The business’s 50-day moving average price is $287.50 and its 200-day moving average price is $262.57. The stock has a market capitalization of $156.62 billion, a P/E ratio of 71.54, a price-to-earnings-growth ratio of 2.66 and a beta of 0.78. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.71 and a current ratio of 0.83. Linde has a 12 month low of $177.92 and a 12 month high of $303.87.

Linde (NYSE:LIN) last released its quarterly earnings results on Thursday, May 6th. The basic materials company reported $2.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.26 by $0.23. Linde had a return on equity of 8.56% and a net margin of 8.29%. Equities research analysts anticipate that Linde will post 8.08 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Stockholders of record on Thursday, June 3rd will be issued a dividend of $1.06 per share. The ex-dividend date is Wednesday, June 2nd. This represents a $4.24 dividend on an annualized basis and a dividend yield of 1.41%. Linde’s dividend payout ratio (DPR) is presently 57.77%.

Linde Company Profile

Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, helium, electronic and specialty gases, acetylene, and carbon monoxide. The company also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, hydrogen and synthesis gas, and other plants.

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Earnings History and Estimates for Linde (NYSE:LIN)

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