Air Products and Chemicals (APD) Set to Announce Quarterly Earnings on Tuesday

Air Products and Chemicals (NYSE:APD) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $2.73 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. Air Products and Chemicals’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period last year, the company earned $2.64 earnings per share. On average, analysts expect Air Products and Chemicals to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Air Products and Chemicals Price Performance

NYSE APD opened at $234.37 on Tuesday. The company has a 50 day simple moving average of $236.12 and a 200-day simple moving average of $256.79. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The firm has a market capitalization of $52.10 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 2.55 and a beta of 0.81. Air Products and Chemicals has a 52-week low of $212.24 and a 52-week high of $307.71.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be given a $1.77 dividend. This represents a $7.08 dividend on an annualized basis and a dividend yield of 3.02%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. The ex-dividend date of this dividend is Thursday, March 28th. Air Products and Chemicals’s dividend payout ratio is 67.56%.

Wall Street Analyst Weigh In

APD has been the topic of a number of research reports. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday. Bank of America raised Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price for the company in a research report on Thursday, February 15th. TD Cowen cut their price objective on Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Wolfe Research started coverage on Air Products and Chemicals in a report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price target for the company. Finally, Argus lowered Air Products and Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $276.36.

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.