Praxair Expected to Earn Q1 2018 Earnings of $1.55 Per Share (PX)

Praxair (NYSE:PX) – Analysts at KeyCorp issued their Q1 2018 earnings estimates for shares of Praxair in a research note issued on Wednesday, April 11th. KeyCorp analyst M. Sison forecasts that the basic materials company will post earnings per share of $1.55 for the quarter. KeyCorp also issued estimates for Praxair’s Q2 2018 earnings at $1.60 EPS, Q3 2018 earnings at $1.67 EPS and Q4 2018 earnings at $1.68 EPS.

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Praxair (NYSE:PX) last posted its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.85 billion. Praxair had a return on equity of 26.54% and a net margin of 10.90%.

Several other analysts also recently issued reports on the company. Citigroup cut their price objective on Praxair from $188.00 to $163.00 and set a “buy” rating on the stock in a report on Tuesday, April 10th. ValuEngine upgraded Praxair from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. BMO Capital Markets assumed coverage on Praxair in a report on Tuesday, March 27th. They set a “market perform” rating and a $159.00 price objective on the stock. Zacks Investment Research downgraded Praxair from a “buy” rating to a “hold” rating in a report on Tuesday, March 27th. Finally, Seaport Global Securities restated a “hold” rating and set a $165.00 price objective on shares of Praxair in a report on Wednesday, January 31st. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $165.27.

NYSE PX opened at $146.53 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.81 and a current ratio of 0.99. The stock has a market cap of $42,186.11, a price-to-earnings ratio of 25.05, a P/E/G ratio of 1.92 and a beta of 1.08. Praxair has a 1 year low of $117.43 and a 1 year high of $166.95.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Praxair by 1.1% during the 4th quarter. BlackRock Inc. now owns 17,780,637 shares of the basic materials company’s stock valued at $2,750,308,000 after acquiring an additional 196,920 shares in the last quarter. Egerton Capital UK LLP grew its stake in shares of Praxair by 24.5% in the 4th quarter. Egerton Capital UK LLP now owns 4,213,976 shares of the basic materials company’s stock valued at $651,818,000 after buying an additional 829,003 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Praxair by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 2,781,294 shares of the basic materials company’s stock valued at $429,239,000 after buying an additional 89,525 shares in the last quarter. Jensen Investment Management Inc. grew its stake in shares of Praxair by 0.6% in the 4th quarter. Jensen Investment Management Inc. now owns 2,501,583 shares of the basic materials company’s stock valued at $386,945,000 after buying an additional 15,176 shares in the last quarter. Finally, Clearbridge Investments LLC grew its stake in shares of Praxair by 40,275.1% in the 4th quarter. Clearbridge Investments LLC now owns 2,227,898 shares of the basic materials company’s stock valued at $344,611,000 after buying an additional 2,222,380 shares in the last quarter. 86.29% of the stock is currently owned by institutional investors.

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About Praxair

Praxair, Inc produces and distributes industrial gases. It operates through five segments: North America, Europe, South America, Asia, and Surface Technologies. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

Earnings History and Estimates for Praxair (NYSE:PX)

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