155.99 0.00 (0.00%)
After hours: 6:03PM EDT
|Bid||156.01 x 100|
|Ask||161.62 x 500|
|Day's Range||150.08 - 156.68|
|52 Week Range||120.02 - 166.95|
|PE Ratio (TTM)||36.11|
|Forward Dividend & Yield||3.30 (2.25%)|
|1y Target Est||N/A|
Praxair's (PX) first-quarter 2018 earnings gain from healthy trends in all end markets. Sales have grown in all segments, except for South America.
Praxair (PX), the top industrial gas company, reported revenues of ~$3.0 billion for 1Q18 today, reflecting growth of 9.9% over 1Q17. Higher volumes, price improvement, and favorable foreign currency fueled Praxair’s revenue growth. Praxair’s revenue grew across all of its reporting segments, led by Asia at 21%, Europe at 20%, North America at 7%, and Surface Technologies at 11%, while South America declined 1%, inclusive of currency impact.
Praxair Inc. (PX) reported impressive results for first-quarter 2018, with earnings and revenues surpassing their respective Zacks Consensus Estimate by 5.8% and 2.4%.
On a per-share basis, the Danbury, Connecticut-based company said it had profit of $1.59. Earnings, adjusted for non-recurring costs, were $1.65 per share. The results beat Wall Street expectations. The ...
German industrial gases group Linde on Wednesday announced plans to buy out minority shareholders following its planned merger with rival Praxair in a sign the deal will clear regulatory hurdles soon. Linde and Praxair agreed a merger in June last year to create a global leader to overtake France's Air Liquide . Linde, which also reported first quarter results on Wednesday, said the planned merger was still on track to complete in the second half of this year, having been given the green light by 12 countries so far.
German chemicals group Linde blamed currency headwinds for a decline in overall revenue but still managed to grow operating profits in the first quarter. Linde, which is planning to merge with US rival ...
Praxair's (PX) first-quarter 2018 earnings are to gain from solid U.S. industrial activities as well as strong demand in China. Seasonal weakness and lower Gulf Coast activities are to be a drag.
Sherwin Williams (SHW) is expected to post adjusted EPS (earnings per share) of $3.17 in 1Q18, an increase of ~39.7% YoY (year-over-year). SHW’s projected increase in adjusted EPS could be driven by higher revenue growth, the continued synergy impact from the Valspar acquisition, and a reduction in effective tax rates. In 1Q17, SHW reported SG&A expenses at 36.8% of the revenues, which implies a gain of 440 basis points on a year-over-year basis.
Sherwin-Williams is expected to report revenue of $4.0 billion in 1Q18, a 43.1% increase from 1Q17’s $2.8 billion. If SHW manages to meet expectations, it will achieve its highest first-quarter revenue ever and have a first-quarter CAGR (compound annual growth rate) of 12.8% since 2013. SHW’s projected revenue growth will be primarily driven by the acquisition revenue.
Praxair's (PX) long-term supply agreement with Yara Freeport LLC is to solidify its businesses, especially of the hydrogen unit, in Texas.
FRANKFURT/NEW YORK (Reuters) - Gases groups Linde (LIN1.DE) and Praxair (PX.N) have picked second-round bidders for a package of planned divestitures to facilitate their planned $79 billion merger, people close to the matter said. The companies have invited buyout firm CVC, which has tied up with gases group Messer, to make further bids, as well as private equity investors Carlyle (CG.O), Onex (ONEX.TO), Blackstone (BX.N), the sources said, adding that the investors are expected to bid for all assets on offer. Linde and Praxair have put a package of U.S.-based assets up for sale.
FRANKFURT/NEW YORK, April 12 (Reuters) - Gases groups Linde and Praxair have picked second-round bidders for a package of planned divestitures to facilitate their planned $79 billion merger, people close to the matter said. The companies have invited buyout firm CVC, which has tied up with gases group Messer, to make further bids, as well as private equity investors Carlyle, Onex, Blackstone, the sources said, adding that the investors are expected to bid for all assets on offer. Linde and Praxair have put a package of U.S.-based assets up for sale.
Additionally, Yara built an ammonia storage facility, and BASF upgraded its existing terminal and pipeline assets to support the new plant.
Moody's Investors Service, ("Moody's") assigned an initial Baa3 rating to the coming issuance of $907 million Notes due 2035 by Cometa Energia, S.A. de C.V. ("Cometa"). The outlook ...
RPM International’s (RPM) Consumer segment is the second-biggest contributor to RPM’s overall revenue. The segment had a revenue share of 33% in fiscal 3Q18, compared with 33.4% in fiscal 3Q17, marking a decline of 0.4 percentage points YoY (year-over-year). The segment’s revenue grew 6.4% to $363.4 million in fiscal 3Q18 from $341.4 million in fiscal 3Q17.
RPM International’s (RPM) Industrial segment has been the largest contributor to RPM’s overall revenue, comprising 51.6% of revenue in fiscal 3Q18 and 51.0% in fiscal 3Q17. YoY (year-over-year), its share grew 0.6 percentage points. The segment’s revenue grew 9.2% YoY to $569.2 million in fiscal 3Q18 from $521.4 million in fiscal 3Q17.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting PX. Over the last one-month, outflows of investor capital in ETFs holding PX totaled $16.65 billion.
Air Products and Chemicals’ (APD) stock performance has remained muted so far in 2018. APD’s peers Praxair (PX) and Celanese (CE) have fallen 6.8%, and 7.8%, respectively, while Eastman Chemical (EMN) has risen 13.3% in the same period. APD’s stock price reached an all-time high of $174 before it fell to its current level.
In comparison, its peer Praxair (PX) has a one-year forward PE of 21.3x. Forward PE is a measure investors can use to compare two or more companies operating in the same industry to tell which is overvalued and which is undervalued.
The latest short interest report of March 15, 2018, indicates that Air Products and Chemicals’ (APD) short interest has fallen on a biweekly basis. APD’s short interest as a percentage of its outstanding shares fell from 1.4% on February 28, 2018, to 1.3% on March 15, 2018. However, APD’s short interest has increased since the beginning of 2018, when it was just 0.86%.
Long-term investors love stocks with higher dividend yields because they provide a steady income. A dividend yield is the return investors get for every dollar they invest in a company’s equity during their holding period. On March 27, 2018, APD’s dividend yield was 2.7%, its highest in the past two years on a quarterly basis. Peers Praxair (PX), Eastman Chemical (EMN), and Celanese (CE) have dividend yields of 2.0%, 2.1%, and 1.8%, respectively.