Praxair, Inc. (NYSE:PX) announced its quarterly earnings data on Wednesday. The basic materials company reported $1.50 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.06, Bloomberg Earnings reports. Praxair had a return on equity of 27.93% and a net margin of 14.10%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company earned $1.41 EPS. The company’s quarterly revenue was up 7.6% on a year-over-year basis.
Praxair (PX) traded up 3.75% during midday trading on Thursday, reaching $149.00. The company had a trading volume of 2,060,310 shares. The stock has a market cap of $42.62 billion, a P/E ratio of 27.90 and a beta of 0.95. The firm has a 50-day moving average of $138.95 and a 200-day moving average of $132.63. Praxair has a 12 month low of $114.43 and a 12 month high of $149.91.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, December 7th will be issued a dividend of $0.7875 per share. This represents a $3.15 dividend on an annualized basis and a yield of 2.19%. Praxair’s dividend payout ratio is 58.88%.
A number of analysts have commented on the company. Zacks Investment Research downgraded Praxair from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Jefferies Group LLC reissued a “buy” rating and issued a $162.00 target price on shares of Praxair in a report on Thursday, October 19th. Susquehanna Bancshares Inc raised Praxair from a “neutral” rating to a “positive” rating and increased their target price for the stock from $131.00 to $155.00 in a report on Thursday, September 7th. UBS Group AG raised Praxair from a “neutral” rating to a “positive” rating in a report on Thursday, September 7th. Finally, KeyCorp reissued a “hold” rating on shares of Praxair in a report on Sunday, September 3rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Praxair presently has a consensus rating of “Hold” and a consensus price target of $138.00.
Praxair Company Profile
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.