Air Products and Chemicals (NYSE:APD – Get Free Report) updated its third quarter 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.000-3.050 for the period, compared to the consensus earnings per share estimate of 3.300. The company issued revenue guidance of -. Air Products and Chemicals also updated its FY 2024 guidance to 12.200-12.500 EPS.
Analyst Ratings Changes
APD has been the subject of several recent research reports. Barclays decreased their price objective on Air Products and Chemicals from $260.00 to $245.00 and set an equal weight rating for the company in a research note on Tuesday, February 6th. JPMorgan Chase & Co. reduced their price objective on Air Products and Chemicals from $270.00 to $260.00 and set an overweight rating for the company in a research note on Wednesday. Morgan Stanley reduced their price objective on Air Products and Chemicals from $285.00 to $240.00 and set an equal weight rating for the company in a research note on Wednesday, February 7th. TheStreet lowered Air Products and Chemicals from a b rating to a c+ rating in a report on Monday, February 5th. Finally, Wells Fargo & Company lowered Air Products and Chemicals from an overweight rating to an equal weight rating in a report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $277.43.
Get Our Latest Stock Analysis on Air Products and Chemicals
Air Products and Chemicals Trading Up 1.5 %
Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $0.15. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.74 EPS. On average, equities analysts predict that Air Products and Chemicals will post 12.38 EPS for the current year.
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.
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