Revenue Update on Praxair(NYSE:PX)

Praxair(NYSE:PX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $2.67B. Analysts estimated a revenue of $2.60B. Earnings per share were $1.39. Analysts had estimated an EPS of $1.37.

In a different note, On Jul 15, 2016, Citigroup said it Maintains its rating on Praxair. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Neutral’ by the firm.

Praxair (PX) made into the market gainers list on Thursdays trading session with the shares advancing 0.08% or 0.09 points. Due to strong positive momentum, the stock ended at $116.67, which is also near the day’s high of $116.92. The stock began the session at $116.45 and the volume stood at 10,51,694 shares. The 52-week high of the shares is $120.04 and the 52 week low is $95.6. The company has a current market capitalization of $33,278 M and it has 28,52,31,650 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 12, 2016, Eduardo F Menezes (Executive Vice President) sold 25,000 shares at $114.01 per share price.Also, On May 9, 2016, Robert L Wood (director) sold 6,550 shares at $114.34 per share price.On Jan 8, 2016, Stephen F Angel (CEO) purchased 5,000 shares at $97.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Praxair Inc. (Praxair) is an industrial gas supplier in North and South America Asia and Europe. 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 Praxair operates its surface technologies business through its wholly owned subsidiary Praxair Surface Technologies Inc. which represents the fifth segment. The Company’s products in its industrial gases business include atmospheric gases (oxygen nitrogen argon rare gases) and process gases (carbon dioxide helium hydrogen electronic gases specialty gases acetylene). The company also designs engineers and builds equipment that produces industrial gases primarily for internal use. The company’s surface technologies segment operated through Praxair Surface Technologies Inc. supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *