Air Products and Chemicals, Inc. (NYSE:APD) Expected to Announce Earnings of $2.51 Per Share

Wall Street analysts predict that Air Products and Chemicals, Inc. (NYSE:APD) will announce earnings per share of $2.51 for the current quarter, Zacks reports. Three analysts have provided estimates for Air Products and Chemicals’ earnings, with the highest EPS estimate coming in at $2.52 and the lowest estimate coming in at $2.50. Air Products and Chemicals posted earnings of $2.12 per share during the same quarter last year, which would indicate a positive year over year growth rate of 18.4%. The company is expected to announce its next earnings results on Thursday, February 3rd.

On average, analysts expect that Air Products and Chemicals will report full year earnings of $10.55 per share for the current fiscal year, with EPS estimates ranging from $10.28 to $11.20. For the next financial year, analysts forecast that the firm will report earnings of $11.71 per share, with EPS estimates ranging from $11.25 to $12.20. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Air Products and Chemicals.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, November 4th. The basic materials company reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.02. Air Products and Chemicals had a net margin of 20.33% and a return on equity of 14.92%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same period in the previous year, the business earned $2.19 EPS. The firm’s revenue for the quarter was up 22.5% on a year-over-year basis.

A number of brokerages recently weighed in on APD. BMO Capital Markets boosted their price objective on shares of Air Products and Chemicals from $312.00 to $338.00 and gave the stock an “outperform” rating in a report on Friday, October 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Air Products and Chemicals from $315.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, November 5th. Cowen decreased their target price on shares of Air Products and Chemicals from $360.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, August 10th. Finally, Mizuho assumed coverage on shares of Air Products and Chemicals in a research note on Friday, November 5th. They set a “buy” rating and a $312.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $319.00.

NYSE APD traded down $1.16 during mid-day trading on Thursday, reaching $297.84. The stock had a trading volume of 603,307 shares, compared to its average volume of 1,018,027. Air Products and Chemicals has a 1 year low of $245.75 and a 1 year high of $316.39. The stock has a market cap of $65.93 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 2.71 and a beta of 0.79. The company has a fifty day moving average price of $284.72 and a 200 day moving average price of $286.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.99 and a quick ratio of 2.83.

The company also recently announced a quarterly dividend, which will be paid on Monday, February 14th. Investors of record on Monday, January 3rd will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, December 31st. Air Products and Chemicals’s dividend payout ratio is currently 63.56%.

In other Air Products and Chemicals news, CFO Melissa N. Schaeffer sold 318 shares of the stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of $314.00, for a total transaction of $99,852.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne Thomas Smith acquired 1,679 shares of the company’s stock in a transaction on Monday, November 22nd. The shares were bought at an average cost of $297.76 per share, with a total value of $499,939.04. The disclosure for this purchase can be found here. Corporate insiders own 0.43% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Air Products and Chemicals by 1.2% during the second quarter. Vanguard Group Inc. now owns 19,348,853 shares of the basic materials company’s stock valued at $5,566,277,000 after purchasing an additional 232,987 shares in the last quarter. State Street Corp boosted its stake in Air Products and Chemicals by 6.0% in the second quarter. State Street Corp now owns 11,086,577 shares of the basic materials company’s stock valued at $3,205,963,000 after acquiring an additional 628,329 shares in the last quarter. Capital International Investors raised its holdings in shares of Air Products and Chemicals by 8.0% in the second quarter. Capital International Investors now owns 7,711,588 shares of the basic materials company’s stock worth $2,218,508,000 after buying an additional 571,313 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Air Products and Chemicals by 2.1% in the third quarter. Franklin Resources Inc. now owns 5,406,005 shares of the basic materials company’s stock worth $1,384,551,000 after buying an additional 109,712 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Air Products and Chemicals by 2.1% in the third quarter. Geode Capital Management LLC now owns 3,627,170 shares of the basic materials company’s stock worth $926,585,000 after buying an additional 75,068 shares during the last quarter. 81.88% of the stock is currently owned by institutional investors.

About Air Products and Chemicals

Air Products & Chemicals, Inc engages in the manufacture and distribution of atmospheric gases. It operates through the following segments: Industrial Gases-Americas, Industrial Gases-EMEA (Europe, Middle East, and Africa), Industrial Gases-Asia, Industrial Gases-Global and Corporate and Other. The Industrial Gases-America, EMEA and Asia segment markets and produces atmospheric gases such as 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 and processing of gases such as air separation units and non-cryogenic generators.

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