Wall Street brokerages predict that Praxair, Inc. (NYSE:PX) will report earnings per share (EPS) of $1.56 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Praxair’s earnings, with the lowest EPS estimate coming in at $1.55 and the highest estimate coming in at $1.56. Praxair reported earnings per share of $1.37 during the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The business is expected to issue its next earnings results on Thursday, April 26th.
According to Zacks, analysts expect that Praxair will report full year earnings of $6.64 per share for the current financial year, with EPS estimates ranging from $6.50 to $6.77. For the next financial year, analysts expect that the company will report earnings of $7.20 per share, with EPS estimates ranging from $6.95 to $7.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Praxair.
Several analysts have recently issued reports on the stock. Seaport Global Securities reissued a “hold” rating and issued a $165.00 price target on shares of Praxair in a research report on Wednesday, January 31st. TheStreet cut shares of Praxair from an “a-” rating to a “c+” rating in a research note on Thursday, January 25th. SunTrust Banks boosted their price objective on shares of Praxair to $185.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Barclays boosted their price objective on shares of Praxair from $160.00 to $170.00 and gave the company an “equal weight” rating in a research note on Friday, January 26th. Finally, Citigroup reaffirmed a “buy” rating and set a $188.00 price objective on shares of Praxair in a research note on Friday, January 26th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $167.50.
Hedge funds have recently added to or reduced their stakes in the business. Kistler Tiffany Companies LLC boosted its stake in shares of Praxair by 149.8% in the 3rd quarter. Kistler Tiffany Companies LLC now owns 717 shares of the basic materials company’s stock valued at $100,000 after purchasing an additional 430 shares in the last quarter. Cerebellum GP LLC purchased a new stake in shares of Praxair in the 4th quarter valued at $128,000. Accident Compensation Corp purchased a new stake in shares of Praxair in the 3rd quarter valued at $140,000. San Francisco Sentry Investment Group CA boosted its stake in shares of Praxair by 2,171.1% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,022 shares of the basic materials company’s stock valued at $143,000 after purchasing an additional 977 shares in the last quarter. Finally, M&R Capital Management Inc. boosted its stake in shares of Praxair by 366.5% in the 4th quarter. M&R Capital Management Inc. now owns 933 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 733 shares in the last quarter. 84.93% of the stock is owned by institutional investors and hedge funds.
Shares of Praxair (NYSE:PX) opened at $153.61 on Monday. Praxair has a 12-month low of $115.67 and a 12-month high of $166.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.99 and a quick ratio of 0.81. The stock has a market cap of $43,979.36, a P/E ratio of 35.56, a PEG ratio of 2.00 and a beta of 1.03.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, March 7th will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, March 6th. This is a boost from Praxair’s previous quarterly dividend of $0.79. Praxair’s payout ratio is currently 72.92%.
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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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