Air Products and Chemicals, Inc. (NYSE:APD) Expected to Announce Earnings of $2.61 Per Share

Analysts forecast that Air Products and Chemicals, Inc. (NYSE:APDGet Rating) will report earnings per share of $2.61 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Air Products and Chemicals’ earnings, with the lowest EPS estimate coming in at $2.56 and the highest estimate coming in at $2.70. Air Products and Chemicals posted earnings of $2.31 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The firm is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Air Products and Chemicals will report full year earnings of $10.27 per share for the current fiscal year, with EPS estimates ranging from $10.20 to $10.40. For the next financial year, analysts expect that the business will report earnings of $11.64 per share, with EPS estimates ranging from $11.35 to $12.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Air Products and Chemicals.

Air Products and Chemicals (NYSE:APDGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The basic materials company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.03. Air Products and Chemicals had a return on equity of 15.32% and a net margin of 19.63%. The company had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3 billion. During the same quarter in the previous year, the firm posted $2.08 earnings per share. The firm’s quarterly revenue was up 17.7% on a year-over-year basis.

Several research analysts recently commented on the company. Wells Fargo & Company cut Air Products and Chemicals from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $275.00 to $255.00 in a research note on Wednesday, May 11th. Barclays cut their price target on Air Products and Chemicals from $300.00 to $275.00 in a research note on Monday, May 9th. JPMorgan Chase & Co. upgraded Air Products and Chemicals from a “neutral” rating to an “overweight” rating and set a $275.00 price target on the stock in a research note on Monday, March 21st. StockNews.com began coverage on Air Products and Chemicals in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on Air Products and Chemicals from $300.00 to $272.00 in a report on Tuesday, May 10th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $303.87.

Hedge funds have recently bought and sold shares of the business. Mitchell & Pahl Private Wealth LLC lifted its stake in Air Products and Chemicals by 4.2% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 3,638 shares of the basic materials company’s stock valued at $1,107,000 after buying an additional 148 shares during the last quarter. JGP Wealth Management LLC lifted its stake in Air Products and Chemicals by 5.3% in the fourth quarter. JGP Wealth Management LLC now owns 35,442 shares of the basic materials company’s stock valued at $10,783,000 after buying an additional 1,772 shares during the last quarter. CFS Investment Advisory Services LLC bought a new stake in Air Products and Chemicals in the third quarter valued at $1,893,000. Xponance Inc. lifted its stake in Air Products and Chemicals by 57.9% in the fourth quarter. Xponance Inc. now owns 42,630 shares of the basic materials company’s stock valued at $12,971,000 after buying an additional 15,630 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in Air Products and Chemicals by 7.6% in the fourth quarter. AE Wealth Management LLC now owns 6,964 shares of the basic materials company’s stock valued at $2,119,000 after buying an additional 489 shares during the last quarter. Institutional investors own 80.62% of the company’s stock.

Shares of NYSE:APD traded up $3.37 during trading on Friday, hitting $237.59. The company’s stock had a trading volume of 1,032,752 shares, compared to its average volume of 1,162,238. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.79 and a current ratio of 1.95. Air Products and Chemicals has a fifty-two week low of $216.24 and a fifty-two week high of $316.39. The stock’s 50-day moving average price is $240.98 and its two-hundred day moving average price is $265.89. The company has a market capitalization of $52.69 billion, a PE ratio of 23.66, a PEG ratio of 1.75 and a beta of 0.87.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 8th. Shareholders of record on Friday, July 1st will be paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Thursday, June 30th. Air Products and Chemicals’s payout ratio is 64.54%.

Air Products and Chemicals Company Profile (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.

Recommended Stories

Get a free copy of the Zacks research report on Air Products and Chemicals (APD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Air Products and Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products and Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.