Air Products and Chemicals (NYSE:APD) Releases Q3 2022 Earnings Guidance

Air Products and Chemicals (NYSE:APDGet Rating) issued an update on its third quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.55-$2.65 for the period, compared to the consensus earnings per share estimate of $2.60. The company issued revenue guidance of -.Air Products and Chemicals also updated its FY 2022 guidance to $10.20-$10.40 EPS.

APD has been the topic of a number of research reports. Bank of America downgraded Air Products and Chemicals from a buy rating to a neutral rating and dropped their price objective for the stock from $337.00 to $285.00 in a research note on Monday, February 7th. Mizuho dropped their price target on Air Products and Chemicals from $313.00 to $312.00 and set a buy rating on the stock in a research report on Monday, February 7th. Cowen lowered their target price on Air Products and Chemicals from $365.00 to $345.00 in a research note on Monday, February 7th. Barclays decreased their target price on Air Products and Chemicals from $300.00 to $275.00 in a research note on Monday. Finally, BMO Capital Markets cut Air Products and Chemicals from an outperform rating to a market perform rating and cut their price target for the company from $383.00 to $280.00 in a report on Tuesday, February 8th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $306.87.

Shares of APD opened at $232.89 on Thursday. The firm has a market capitalization of $51.65 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 1.93 and a beta of 0.87. 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 business’s fifty day moving average price is $239.32 and its two-hundred day moving average price is $268.92. 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 data on Thursday, May 5th. The basic materials company reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.03. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3 billion. Air Products and Chemicals had a return on equity of 15.32% and a net margin of 19.63%. The business’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same period last year, the company earned $2.08 EPS. As a group, research analysts forecast that Air Products and Chemicals will post 10.24 EPS for the current year.

Several large investors have recently bought and sold shares of APD. First Community Trust NA acquired a new stake in Air Products and Chemicals during the 4th quarter worth $40,000. Neo Ivy Capital Management acquired a new stake in Air Products and Chemicals during the 4th quarter worth $53,000. SG3 Management LLC raised its stake in Air Products and Chemicals by 116.7% during the 4th quarter. SG3 Management LLC now owns 500 shares of the basic materials company’s stock worth $152,000 after buying an additional 3,500 shares during the period. Autumn Glory Partners LLC acquired a new stake in shares of Air Products and Chemicals in the 4th quarter valued at about $204,000. Finally, Tobam raised its stake in shares of Air Products and Chemicals by 45.8% in the 4th quarter. Tobam now owns 675 shares of the basic materials company’s stock valued at $205,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 80.62% of the company’s stock.

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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