Linde (NASDAQ:LIN – Get Free Report) released its quarterly earnings data on Friday. The basic materials company reported $3.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $0.06, Briefing.com reports. The firm had revenue of $8.30 billion for the quarter, compared to analysts’ expectations of $8.30 billion. Linde had a net margin of 19.26% and a return on equity of 17.49%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $3.57 earnings per share.
Linde Trading Up 0.1 %
Shares of NASDAQ LIN traded up $0.66 during trading hours on Friday, reaching $454.00. The stock had a trading volume of 2,714,589 shares, compared to its average volume of 1,497,816. Linde has a 52-week low of $361.02 and a 52-week high of $477.71. The firm has a market cap of $218.23 billion, a price-to-earnings ratio of 35.22, a P/E/G ratio of 2.86 and a beta of 0.94. The business’s fifty day moving average price is $439.34 and its two-hundred day moving average price is $439.50. The company has a current ratio of 0.91, a quick ratio of 0.76 and a debt-to-equity ratio of 0.38.
Linde Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th. Stockholders of record on Wednesday, September 4th will be given a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Wednesday, September 4th. Linde’s dividend payout ratio (DPR) is presently 43.13%.
Analyst Upgrades and Downgrades
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Linde Company Profile
Linde plc operates as an industrial gas company in the Americas, Europe, the Middle East, Africa, Asia, and South Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.
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