Praxair, Inc. (NYSE:PX) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $5.63-5.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.73. Praxair also updated its Q3 guidance to $1.40-1.46 EPS.

Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of Praxair from a buy rating to a hold rating in a research report on Tuesday. Zacks Investment Research raised shares of Praxair from a sell rating to a hold rating in a research report on Tuesday. Vertical Group raised shares of Praxair to a hold rating and raised their price target for the company from $123.00 to $127.00 in a research report on Wednesday, June 7th. Vertical Research raised shares of Praxair to a hold rating and raised their price target for the company from $123.00 to $127.00 in a research report on Wednesday, June 7th. Finally, Jefferies Group LLC reissued a buy rating and set a $162.00 price target on shares of Praxair in a research report on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. Praxair has an average rating of Hold and a consensus target price of $130.77.

Praxair, Inc. (NYSE:PX) traded down 1.46% during midday trading on Thursday, reaching $133.06. 697,668 shares of the company’s stock were exchanged. Praxair, Inc. has a 12-month low of $114.43 and a 12-month high of $138.69. The stock’s 50-day moving average is $134.07 and its 200-day moving average is $124.52. The stock has a market capitalization of $37.97 billion, a price-to-earnings ratio of 25.01 and a beta of 0.94.

Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.04. The business had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Praxair had a net margin of 14.26% and a return on equity of 28.42%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $1.39 earnings per share. On average, equities analysts forecast that Praxair, Inc. will post $5.47 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 8th will be issued a $0.7875 dividend. The ex-dividend date is Wednesday, September 6th. This represents a $3.15 dividend on an annualized basis and a dividend yield of 2.33%. Praxair’s dividend payout ratio is currently 59.10%.

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About Praxair

Praxair, Inc is an industrial gas company. The Company’s operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc, which represents the fifth segment.

Earnings History and Estimates for Praxair (NYSE:PX)

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