Equities Analysts Issue Forecasts for Praxair, Inc.’s Q1 2018 Earnings (PX)
Praxair, Inc. (NYSE:PX) – Equities research analysts at KeyCorp issued their Q1 2018 earnings estimates for Praxair in a report issued on Tuesday. KeyCorp analyst M. Sison anticipates that the basic materials company will post earnings of $1.44 per share for the quarter. KeyCorp also issued estimates for Praxair’s Q2 2018 earnings at $1.52 EPS and Q3 2018 earnings at $1.59 EPS.
Praxair (NYSE:PX) last released its earnings results on Thursday, October 26th. The basic materials company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.06. Praxair had a return on equity of 27.13% and a net margin of 14.56%. The company had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the business posted $1.41 EPS. Praxair’s quarterly revenue was up 7.6% compared to the same quarter last year.
Praxair (PX) opened at $161.88 on Thursday. The company has a current ratio of 1.11, a quick ratio of 0.91 and a debt-to-equity ratio of 1.22. Praxair has a 1-year low of $115.53 and a 1-year high of $166.08. The company has a market capitalization of $46,238.30, a P/E ratio of 28.80, a price-to-earnings-growth ratio of 2.21 and a beta of 1.00.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GW&K Investment Management LLC bought a new stake in Praxair during the 4th quarter valued at $12,839,000. TRUE Private Wealth Advisors bought a new stake in Praxair during the 4th quarter valued at $228,000. State of Alaska Department of Revenue raised its stake in Praxair by 399.5% during the 4th quarter. State of Alaska Department of Revenue now owns 35,657 shares of the basic materials company’s stock valued at $5,513,000 after acquiring an additional 28,519 shares in the last quarter. Oakbrook Investments LLC bought a new stake in Praxair during the 4th quarter valued at $1,950,000. Finally, CAPROCK Group Inc. bought a new stake in Praxair during the 4th quarter valued at $236,000. 85.51% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Raymond W. Leboeuf sold 6,550 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $117.26, for a total value of $768,053.00. Following the sale, the director now owns 16,697 shares of the company’s stock, valued at approximately $1,957,890.22. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.23% 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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