Air Products and Chemicals (NYSE:APD) Releases FY 2022 Earnings Guidance

Air Products and Chemicals (NYSE:APDGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided EPS guidance of $10.20-$10.40 for the period, compared to the consensus EPS estimate of $10.30. The company issued revenue guidance of -.Air Products and Chemicals also updated its Q3 2022 guidance to $2.55-$2.65 EPS.

Shares of NYSE:APD opened at $232.89 on Thursday. The company has a 50 day moving average price of $239.32 and a two-hundred day moving average price of $268.92. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.28 and a current ratio of 1.95. The company has a market capitalization of $51.65 billion, a PE ratio of 23.20, a PEG ratio of 1.93 and a beta of 0.87. Air Products and Chemicals has a 52 week low of $216.24 and a 52 week high of $316.39.

Air Products and Chemicals (NYSE:APDGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $3 billion. Air Products and Chemicals had a net margin of 19.63% and a return on equity of 15.32%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.08 EPS. On average, sell-side analysts forecast that Air Products and Chemicals will post 10.24 earnings per share for the current year.

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Air Products and Chemicals from $300.00 to $272.00 in a research report on Tuesday. BMO Capital Markets downgraded shares of Air Products and Chemicals from an outperform rating to a market perform rating and lowered their price objective for the stock from $383.00 to $280.00 in a research report on Tuesday, February 8th. Barclays cut their price objective on shares of Air Products and Chemicals from $300.00 to $275.00 in a research report on Monday. Bank of America cut Air Products and Chemicals from a buy rating to a neutral rating and lowered their target price for the stock from $337.00 to $285.00 in a report on Monday, February 7th. Finally, Cowen reduced their price target on Air Products and Chemicals from $365.00 to $345.00 in a research report on Monday, February 7th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Buy and a consensus target price of $306.87.

A number of hedge funds and other institutional investors have recently made changes to their positions in APD. First Community Trust NA bought a new position in shares of Air Products and Chemicals in the fourth quarter valued at about $40,000. Neo Ivy Capital Management acquired a new position in Air Products and Chemicals in the 4th quarter valued at about $53,000. SG3 Management LLC raised its holdings in Air Products and Chemicals by 116.7% in the 4th quarter. SG3 Management LLC now owns 500 shares of the basic materials company’s stock valued at $152,000 after acquiring an additional 3,500 shares during the period. Autumn Glory Partners LLC acquired a new stake in Air Products and Chemicals during the fourth quarter worth approximately $204,000. Finally, Tobam boosted its holdings in shares of Air Products and Chemicals by 45.8% during the fourth quarter. Tobam now owns 675 shares of the basic materials company’s stock worth $205,000 after acquiring an additional 212 shares during the period. 80.62% of the stock is currently owned by hedge funds and other institutional investors.

About Air Products and Chemicals (Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; 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, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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

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