Praxair (PX) Set to Announce Quarterly Earnings on Wednesday
Praxair (NYSE:PX) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, January 24th. Praxair has set its FY17 guidance at $5.78-2.83 EPS.
Praxair (NYSE:PX) last posted its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.06. Praxair had a net margin of 14.56% and a return on equity of 27.13%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the business posted $1.41 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect Praxair to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Praxair (NYSE PX) opened at $162.10 on Wednesday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.91 and a current ratio of 1.11. Praxair has a 1 year low of $115.53 and a 1 year high of $166.08. The stock has a market cap of $46,410.00, a PE ratio of 28.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.00.
Several analysts have issued reports on PX shares. Jefferies Group restated a “buy” rating and set a $162.00 price target on shares of Praxair in a research report on Thursday, October 19th. Zacks Investment Research lowered shares of Praxair from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. SunTrust Banks restated a “buy” rating and set a $162.00 price target on shares of Praxair in a research report on Friday, October 27th. Barclays upped their price target on shares of Praxair from $140.00 to $160.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Finally, UBS Group upped their price target on shares of Praxair from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $159.86.
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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.
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