Air Products & Chemicals, Inc. (NYSE:APD) Expected to Post Earnings of $2.03 Per Share

Equities analysts expect Air Products & Chemicals, Inc. (NYSE:APD) to post $2.03 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Air Products & Chemicals’ earnings, with estimates ranging from $1.85 to $2.15. Air Products & Chemicals reported earnings per share of $2.17 in the same quarter last year, which would suggest a negative year over year growth rate of 6.5%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, July 23rd.

On average, analysts expect that Air Products & Chemicals will report full year earnings of $8.48 per share for the current financial year, with EPS estimates ranging from $8.25 to $8.85. For the next year, analysts anticipate that the firm will report earnings of $9.85 per share, with EPS estimates ranging from $9.50 to $10.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Air Products & Chemicals.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.04 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($0.02). The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Air Products & Chemicals had a net margin of 21.66% and a return on equity of 16.36%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.00 EPS.

A number of research analysts recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Air Products & Chemicals from $275.00 to $245.00 and set an “outperform” rating on the stock in a research note on Thursday, March 26th. Sanford C. Bernstein upgraded shares of Air Products & Chemicals from a “market perform” rating to an “outperform” rating and raised their target price for the company from $246.00 to $262.00 in a research note on Wednesday, April 15th. Zacks Investment Research lowered shares of Air Products & Chemicals from a “hold” rating to a “sell” rating and set a $230.00 target price on the stock. in a research report on Monday, April 27th. Citigroup lifted their price target on shares of Air Products & Chemicals from $256.00 to $261.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, UBS Group cut their price target on shares of Air Products & Chemicals from $238.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $246.78.

Shares of Air Products & Chemicals stock traded down $0.49 during midday trading on Thursday, reaching $238.12. 295,122 shares of the company’s stock traded hands, compared to its average volume of 943,244. The company has a market cap of $52.37 billion, a price-to-earnings ratio of 27.27, a price-to-earnings-growth ratio of 3.14 and a beta of 0.87. The company’s 50 day simple moving average is $237.51 and its 200 day simple moving average is $229.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.37 and a current ratio of 2.59. Air Products & Chemicals has a 52 week low of $167.43 and a 52 week high of $257.01.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 10th. Shareholders of record on Wednesday, July 1st will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Tuesday, June 30th. Air Products & Chemicals’s dividend payout ratio is presently 65.29%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Quarterback LLC bought a new stake in shares of Air Products & Chemicals during the fourth quarter worth approximately $30,000. Sunbelt Securities Inc. bought a new stake in shares of Air Products & Chemicals during the fourth quarter worth approximately $7,538,000. Sound Income Strategies LLC raised its stake in shares of Air Products & Chemicals by 118.6% during the first quarter. Sound Income Strategies LLC now owns 129 shares of the basic materials company’s stock worth $26,000 after buying an additional 70 shares during the last quarter. Stonebridge Financial Planning Group LLC acquired a new position in Air Products & Chemicals during the first quarter valued at approximately $32,000. Finally, Front Row Advisors LLC acquired a new position in Air Products & Chemicals during the first quarter valued at approximately $35,000. 83.66% of the stock is owned by institutional investors.

About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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Earnings History and Estimates for Air Products & Chemicals (NYSE:APD)

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