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Company Update (NYSE:PX): Praxair Announces First Quarter 2016 Earnings and Conference Call Schedule

[Business Wire] – Praxair, Inc. will release its first quarter 2016 financial results on April 29, 2016, before the market opens and will host a conference call at 11:00 a.m. ET that morning. Read more on this. Praxair Inc. (PX) , valued at $31.86B, started trading this morning at $112.53. During today’s session, PX traded between $111.29 to $112.75 with the price of the stock fluctuating between $95.60 to $124.99 over the last 52 weeks. PX shares are currently priced at 20.45x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.71x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $3.00 per share annually in dividends, yielding 2.66%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.27 per share, which would be $0.16 worse than the year-ago quarter and a $0.16 sequential decrease. The full-year EPS estimate is $5.54, which would be a $0.26 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.49 Billion. If reported, that would be a 9.78% decrease over the year-ago quarter. More recently, Deutsche Bank downgraded PX from Buy to Hold (Apr 4, 2016). Previously, KeyBanc Capital Mkts downgraded PX from Overweight to Sector Weight. The average price target for PX shares is $111.44, which is 0.97% below where the stock opened this morning. See more in (NYSE:PX) Similar Articles: Market Update (NYSE:CCI): Crown Castle Announces First Quarter 2016 Earnings Release and Conference Call Schedule Market Update: Praxair Inc (NYSE:PX) – Praxair CEO to Present at Barclays Industrial Select Conference Market Update: Praxair Inc (NYSE:PX) – Praxair Reports Full-Year and Fourth-Quarter 2015 Results
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