Wall Street brokerages expect that Praxair, Inc. (NYSE:PX) will post $2.93 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Praxair’s earnings, with the lowest sales estimate coming in at $2.92 billion and the highest estimate coming in at $2.94 billion. Praxair posted sales of $2.73 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The business is scheduled to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Praxair will report full year sales of $2.93 billion for the current year, with estimates ranging from $11.85 billion to $12.26 billion. For the next year, analysts expect that the firm will post sales of $12.76 billion per share, with estimates ranging from $12.60 billion to $12.92 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Praxair.
Praxair (NYSE:PX) last issued its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.04. The firm had revenue of $2.95 billion during 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%.
Shares of Praxair (NYSE PX) traded down $0.74 on Friday, hitting $160.37. The stock had a trading volume of 1,678,479 shares, compared to its average volume of 2,020,000. The company has a market cap of $45,910.00, a P/E ratio of 28.23, a PEG ratio of 2.09 and a beta of 1.06. The company has a current ratio of 0.99, a quick ratio of 0.81 and a debt-to-equity ratio of 1.20. Praxair has a 12-month low of $115.67 and a 12-month high of $166.95.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, March 7th will be given a $0.825 dividend. This is an increase from Praxair’s previous quarterly dividend of $0.79. The ex-dividend date is Tuesday, March 6th. This represents a $3.30 dividend on an annualized basis and a yield of 2.06%. Praxair’s payout ratio is presently 58.10%.
A number of large investors have recently added to or reduced their stakes in the stock. Greenleaf Trust lifted its position in Praxair by 4.5% in the 4th quarter. Greenleaf Trust now owns 8,194 shares of the basic materials company’s stock worth $1,267,000 after buying an additional 351 shares during the last quarter. Bessemer Group Inc. increased its stake in Praxair by 6.9% in the 4th quarter. Bessemer Group Inc. now owns 5,489 shares of the basic materials company’s stock worth $849,000 after purchasing an additional 352 shares during the period. Advisor Partners LLC increased its stake in Praxair by 6.5% in the 4th quarter. Advisor Partners LLC now owns 5,839 shares of the basic materials company’s stock worth $945,000 after purchasing an additional 357 shares during the period. Pennsylvania Trust Co increased its stake in Praxair by 1.6% in the 4th quarter. Pennsylvania Trust Co now owns 23,225 shares of the basic materials company’s stock worth $3,592,000 after purchasing an additional 363 shares during the period. Finally, Guyasuta Investment Advisors Inc. increased its stake in Praxair by 0.3% in the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 131,701 shares of the basic materials company’s stock worth $18,404,000 after purchasing an additional 367 shares during the period. Institutional investors own 86.20% of the company’s stock.
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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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