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Market Update (NYSE:PX): Praxair Announces Second Quarter 2016 Earnings and Conference Call Schedule

[Business Wire] – Praxair, Inc. will release its second quarter 2016 financial results on Thursday, July 28, 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) , with a current value of $31.82B, began trading this morning at $113.50. Looking at today’s market, PX one day range is $110.12 to $113.51 with the price of the stock fluctuating between $95.60 to $124.17 over the last 52 weeks. PX shares are currently priced at 20.05x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.00x earnings multiple. And for passive income investors, the company pays shareholders $3.00 per share annually in dividends, yielding 2.65%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.36 per share, which would be $0.09 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $5.56 would be a $0.24 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.60 Billion. If reported, that would be a 5.11% decrease over the year-ago quarter. In terms of ratings, 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 by the analysts covering it is $118.67, which is 4.56% above where the stock opened. See more in (NYSE:PX) Similar Articles: Company Update: Praxair Inc (NYSE:PX) – Praxair Announces Price Increases Effective July 15, 2016 Market Update: Praxair Inc (NYSE:PX) – Praxair Reports First-Quarter 2016 Results Company Update (NYSE:PX): Praxair Announces First Quarter 2016 Earnings and Conference Call Schedule
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