Air Products and Chemicals, Inc. (APD) Issues Q1 Earnings Guidance

Air Products and Chemicals, Inc. (NYSE:APD) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.60-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.65. Air Products and Chemicals also updated its FY18 guidance to $6.85-7.05 EPS.

A number of analysts recently weighed in on the stock. Deutsche Bank AG increased their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a hold rating in a research note on Wednesday, August 2nd. Susquehanna Bancshares Inc increased their price target on shares of Air Products and Chemicals and gave the stock a positive rating in a research note on Tuesday, November 7th. Jefferies Group LLC restated a hold rating and issued a $155.00 target price on shares of Air Products and Chemicals in a research note on Thursday, September 28th. SunTrust Banks, Inc. restated a buy rating and issued a $175.00 target price on shares of Air Products and Chemicals in a research note on Friday, October 27th. Finally, Barclays PLC restated a buy rating and issued a $170.00 target price on shares of Air Products and Chemicals in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $164.13.

Air Products and Chemicals, Inc. (NYSE:APD) opened at $160.30 on Friday. The firm has a market cap of $34,938.51, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.23 and a current ratio of 2.36. Air Products and Chemicals, Inc. has a 12-month low of $133.63 and a 12-month high of $162.86.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. The company had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. Air Products and Chemicals had a net margin of 36.65% and a return on equity of 15.25%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.01 earnings per share. equities research analysts predict that Air Products and Chemicals, Inc. will post 7 EPS for the current year.

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Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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