Air Products and Chemicals (NYSE:APD – Get Free Report) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.00-3.05 for the period, compared to the consensus earnings per share estimate of $3.29. Air Products and Chemicals also updated its FY 2024 guidance to 12.200-12.500 EPS.
Air Products and Chemicals Price Performance
NYSE:APD traded up $2.18 during mid-day trading on Friday, reaching $245.87. The stock had a trading volume of 1,474,749 shares, compared to its average volume of 1,738,766. The stock has a 50-day simple moving average of $237.96 and a two-hundred day simple moving average of $254.47. The stock has a market capitalization of $54.66 billion, a PE ratio of 22.19, a P/E/G ratio of 2.62 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.58. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $307.71.
Air Products and Chemicals (NYSE:APD – Get Free Report) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the business posted $2.74 earnings per share. The company’s quarterly revenue was down 8.4% on a year-over-year basis. On average, equities analysts anticipate that Air Products and Chemicals will post 12.34 earnings per share for the current year.
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Air Products and Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.
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