Praxair (PX) to Release Quarterly Earnings on Wednesday
Praxair (NYSE:PX) will be releasing its earnings data on Wednesday, January 29th. Praxair has set its Q4 guidance at $1.52-1.57 EPS.Investors that wish to register for the company’s conference call can do so using this link.
Praxair (NYSE:PX) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.51 earnings per share (EPS) for the quarter, missing the 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 last year, the company posted $1.39 earnings per share. Praxair’s revenue was up 8.6% compared to the same quarter last year. On average, analysts expect Praxair to post $5.93 EPS for the current fiscal year and $6.67 EPS for the next fiscal year.
Praxair (NYSE:PX) opened at 125.74 on Tuesday. Praxair has a one year low of $107.69 and a one year high of $134.23. The stock has a 50-day moving average of $128.9 and a 200-day moving average of $123.1. The company has a market cap of $37.013 billion and a P/E ratio of 22.43.
A number of research firms have recently commented on PX. Analysts at UBS AG initiated coverage on shares of Praxair in a research note to investors on Monday, November 25th. They set a “neutral” rating and a $125.00 price target on the stock. On the ratings front, analysts at Barclays raised their price target on shares of Praxair from $125.00 to $135.00 in a research note to investors on Tuesday, November 5th. They now have an “equal weight” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Praxair from $135.00 to $145.00 in a research note to investors on Friday, November 1st. They now have a “strong-buy” rating on the stock. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Praxair has a consensus rating of “Buy” and an average target price of $135.77.
Praxair, Inc (NYSE:PX) is an industrial gases supplier.
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