Wall Street brokerages predict that Air Products & Chemicals, Inc. (NYSE:APD) will announce earnings per share (EPS) of $1.66 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Air Products & Chemicals’ earnings, with the highest EPS estimate coming in at $1.67 and the lowest estimate coming in at $1.64. Air Products & Chemicals reported earnings per share of $1.47 during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The firm is expected to report its next quarterly earnings results on Friday, January 26th.
According to Zacks, analysts expect that Air Products & Chemicals will report full-year earnings of $7.00 per share for the current year, with EPS estimates ranging from $6.95 to $7.05. For the next year, analysts anticipate that the business will post earnings of $7.64 per share, with EPS estimates ranging from $7.43 to $7.80. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Air Products & Chemicals.
Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.08. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.12 billion. Air Products & Chemicals had a return on equity of 19.51% and a net margin of 21.81%. Air Products & Chemicals’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.01 earnings per share.
Several brokerages have issued reports on APD. KeyCorp restated a “buy” rating and issued a $161.00 price target on shares of Air Products & Chemicals in a report on Friday, September 8th. Vertical Research reissued a “hold” rating and set a $148.00 price target (up from $146.00) on shares of Air Products & Chemicals in a report on Tuesday, September 12th. UBS Group raised Air Products & Chemicals from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Susquehanna Bancshares raised Air Products & Chemicals from a “neutral” rating to a “positive” rating and lifted their price target for the stock from $165.00 to $175.00 in a report on Thursday, September 14th. Finally, Jefferies Group reissued a “hold” rating and issued a $155.00 price objective on shares of Air Products & Chemicals in a research note on Thursday, September 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $166.79.
Air Products & Chemicals (NYSE APD) opened at $163.67 on Thursday. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $35,690.00, a P/E ratio of 31.72, a price-to-earnings-growth ratio of 1.65 and a beta of 1.24. Air Products & Chemicals has a 1 year low of $133.63 and a 1 year high of $164.65.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Tuesday, January 2nd will be given a $0.95 dividend. The ex-dividend date is Friday, December 29th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.32%. Air Products & Chemicals’s dividend payout ratio (DPR) is presently 73.64%.
Several hedge funds have recently added to or reduced their stakes in APD. Parametric Portfolio Associates LLC grew its stake in Air Products & Chemicals by 6.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 496,605 shares of the basic materials company’s stock worth $75,097,000 after acquiring an additional 28,155 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Air Products & Chemicals in the third quarter worth $3,046,000. Public Employees Retirement System of Ohio increased its stake in shares of Air Products & Chemicals by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 146,327 shares of the basic materials company’s stock worth $22,128,000 after acquiring an additional 512 shares during the period. Orleans Capital Management Corp LA acquired a new stake in shares of Air Products & Chemicals in the third quarter worth $260,000. Finally, GSA Capital Partners LLP increased its stake in shares of Air Products & Chemicals by 121.9% in the third quarter. GSA Capital Partners LLP now owns 9,829 shares of the basic materials company’s stock worth $1,486,000 after acquiring an additional 5,400 shares during the period. Hedge funds and other institutional investors own 88.01% of the company’s stock.
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Air Products & 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.
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