$2.00 EPS Expected for Air Products & Chemicals, Inc. (APD) This Quarter

Equities research analysts expect that Air Products & Chemicals, Inc. (NYSE:APD) will post earnings per share of $2.00 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Air Products & Chemicals’ earnings, with the highest EPS estimate coming in at $2.02 and the lowest estimate coming in at $1.97. Air Products & Chemicals posted earnings of $1.76 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 13.6%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, November 6th.

According to Zacks, analysts expect that Air Products & Chemicals will report full-year earnings of $7.45 per share for the current financial year, with EPS estimates ranging from $7.42 to $7.47. For the next financial year, analysts expect that the company will report earnings of $8.16 per share, with EPS estimates ranging from $8.03 to $8.31. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Air Products & Chemicals.

Air Products & Chemicals (NYSE:APD) last posted its earnings results on Thursday, July 26th. The basic materials company reported $1.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.84 by $0.11. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.31 billion. Air Products & Chemicals had a return on equity of 15.15% and a net margin of 17.13%. Air Products & Chemicals’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $1.65 EPS.

Several brokerages have issued reports on APD. Zacks Investment Research downgraded Air Products & Chemicals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Susquehanna Bancshares lifted their price objective on Air Products & Chemicals from $200.00 to $215.00 and gave the company a “positive” rating in a research report on Wednesday, August 1st. JPMorgan Chase & Co. cut their price objective on Air Products & Chemicals from $172.00 to $170.00 and set an “overweight” rating for the company in a research report on Friday, July 27th. Citigroup lifted their price objective on Air Products & Chemicals from $198.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Finally, Credit Suisse Group lifted their price objective on Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research report on Friday, July 27th. One analyst has rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Air Products & Chemicals currently has an average rating of “Buy” and a consensus target price of $186.65.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APD. Mount Yale Investment Advisors LLC acquired a new stake in shares of Air Products & Chemicals during the first quarter worth $114,000. Braun Bostich & Associates Inc. grew its stake in shares of Air Products & Chemicals by 542.6% during the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after purchasing an additional 624 shares during the period. Private Capital Group LLC grew its stake in shares of Air Products & Chemicals by 2,231.4% during the first quarter. Private Capital Group LLC now owns 816 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 781 shares during the period. IMS Capital Management acquired a new stake in shares of Air Products & Chemicals during the second quarter worth $146,000. Finally, Vigilant Capital Management LLC acquired a new stake in shares of Air Products & Chemicals during the second quarter worth $158,000. 85.97% of the stock is owned by institutional investors.

Shares of APD opened at $159.48 on Monday. The company has a quick ratio of 2.24, a current ratio of 2.40 and a debt-to-equity ratio of 0.35. Air Products & Chemicals has a 52-week low of $152.02 and a 52-week high of $175.17. The firm has a market capitalization of $36.63 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 1.68 and a beta of 1.05.

Air Products & Chemicals Company Profile

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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