Air Products & Chemicals (APD) Issues Q1 Earnings Guidance

Air Products & Chemicals (NYSE:APD) updated its first quarter earnings guidance on Tuesday. The company provided EPS guidance of $1.85-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.91. Air Products & Chemicals also updated its FY 2019 guidance to $8.05-8.30 EPS.

Several equities analysts have commented on the company. Sanford C. Bernstein assumed coverage on Air Products & Chemicals in a research report on Monday, September 24th. They issued an outperform rating and a $202.00 price objective on the stock. BNP Paribas assumed coverage on Air Products & Chemicals in a research report on Tuesday, October 2nd. They issued an outperform rating on the stock. ValuEngine raised Air Products & Chemicals from a hold rating to a buy rating in a research report on Thursday, October 4th. Zacks Investment Research downgraded Air Products & Chemicals from a buy rating to a hold rating in a research report on Monday, October 1st. Finally, Vertical Research raised Air Products & Chemicals from a hold rating to a buy rating in a research report on Wednesday, August 29th. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Air Products & Chemicals presently has an average rating of Buy and a consensus target price of $188.07.

Shares of APD stock traded down $3.26 during mid-day trading on Tuesday, hitting $154.11. The stock had a trading volume of 5,228 shares, compared to its average volume of 1,292,717. Air Products & Chemicals has a 12-month low of $148.44 and a 12-month high of $175.17. The stock has a market capitalization of $34.17 billion, a price-to-earnings ratio of 24.51, a P/E/G ratio of 1.43 and a beta of 1.08. The company has a current ratio of 2.40, a quick ratio of 2.24 and a debt-to-equity ratio of 0.35.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.01. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the business earned $1.76 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts predict that Air Products & Chemicals will post 7.45 EPS for the current fiscal year.

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About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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