Praxair Inc. (PX) Issues Q4 Earnings Guidance
Praxair Inc. (NYSE:PX) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $1.52-1.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.57, Stock Ratings Network reports.
Shares of Praxair Inc. (NYSE:PX) opened at 126.895 on Wednesday. Praxair Inc. has a one year low of $102.79 and a one year high of $121.86. The stock’s 50-day moving average is $118.9 and its 200-day moving average is $115.. The company has a market cap of $37.414 billion and a P/E ratio of 22.26.
Praxair (NYSE:PX) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.51 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.52 by $0.01. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company posted $1.39 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts expect that Praxair Inc. will post $5.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.93%.
A number of analysts have recently weighed in on PX shares. Analysts at BGC Financial raised their price target on shares of Praxair from $135.00 to $145.00 in a research note to investors on Monday, October 21st. They now have a buy rating on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of Praxair from $137.00 to $140.00 in a research note to investors on Wednesday, October 16th. They now have a buy rating on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of Praxair in a research note to investors on Monday, October 7th. They now have a $127.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Praxair has a consensus rating of Buy and an average price target of $133.58.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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