Air Products and Chemicals (NYSE:APD) Issues Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Air Products and Chemicals (NYSE:APD) released its earnings results on Tuesday. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.15, Yahoo Finance reports. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.74 EPS.

Air Products and Chemicals Stock Up 0.5 %

APD opened at $237.50 on Thursday. Air Products and Chemicals has a one year low of $212.24 and a one year high of $307.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. The stock has a market capitalization of $52.80 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.62 and a beta of 0.81. The business’s 50-day simple moving average is $237.72 and its 200-day simple moving average is $254.55.

Wall Street Analyst Weigh In

APD has been the topic of several analyst reports. BMO Capital Markets increased their price objective on Air Products and Chemicals from $250.00 to $263.00 and gave the company an “outperform” rating in a research note on Wednesday. TheStreet cut Air Products and Chemicals from a “b” rating to a “c+” rating in a research note on Monday, February 5th. TD Cowen boosted their price objective on Air Products and Chemicals from $305.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday. Mizuho reduced their target price on shares of Air Products and Chemicals from $295.00 to $286.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $277.43.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.