Wall Street brokerages expect that Air Products & Chemicals, Inc. (NYSE:APD) will announce $2.29 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Air Products & Chemicals’ earnings, with estimates ranging from $2.24 billion to $2.33 billion. Air Products & Chemicals reported sales of $2.22 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.2%. The business is scheduled to issue its next earnings results on Friday, January 25th.

According to Zacks, analysts expect that Air Products & Chemicals will report full year sales of $9.53 billion for the current fiscal year, with estimates ranging from $9.33 billion to $9.85 billion. For the next financial year, analysts forecast that the firm will post sales of $10.02 billion, with estimates ranging from $9.81 billion to $10.79 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Air Products & Chemicals.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.01. Air Products & Chemicals had a return on equity of 15.30% and a net margin of 16.77%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period in the prior year, the firm posted $1.76 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis.

A number of brokerages have commented on APD. ValuEngine raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 target price on the stock in a report on Tuesday, November 13th. Citigroup reduced their target price on Air Products & Chemicals from $200.00 to $181.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th. BMO Capital Markets set a $200.00 target price on Air Products & Chemicals and gave the stock a “buy” rating in a report on Thursday, November 8th. Finally, BNP Paribas started coverage on Air Products & Chemicals in a report on Tuesday, October 2nd. They set an “outperform” rating on the stock. Fifteen analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of $190.08.

In related news, Chairman Seifi Ghasemi bought 20,000 shares of Air Products & Chemicals stock in a transaction dated Monday, November 12th. The shares were bought at an average cost of $160.11 per share, with a total value of $3,202,200.00. Following the acquisition, the chairman now owns 408,652 shares in the company, valued at approximately $65,429,271.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Air Products & Chemicals by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,589,029 shares of the basic materials company’s stock worth $3,105,298,000 after buying an additional 238,723 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Air Products & Chemicals by 1.1% during the 2nd quarter. Bank of America Corp DE now owns 7,224,475 shares of the basic materials company’s stock worth $1,125,067,000 after buying an additional 75,105 shares during the last quarter. FMR LLC lifted its position in shares of Air Products & Chemicals by 52.8% during the 2nd quarter. FMR LLC now owns 4,457,144 shares of the basic materials company’s stock worth $694,111,000 after buying an additional 1,540,875 shares during the last quarter. Findlay Park Partners LLP lifted its position in shares of Air Products & Chemicals by 6.7% during the 2nd quarter. Findlay Park Partners LLP now owns 3,200,000 shares of the basic materials company’s stock worth $498,336,000 after buying an additional 200,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Air Products & Chemicals by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,148,186 shares of the basic materials company’s stock worth $490,265,000 after buying an additional 68,094 shares during the last quarter. Institutional investors and hedge funds own 86.29% of the company’s stock.

NYSE APD traded down $3.29 on Tuesday, reaching $158.08. The stock had a trading volume of 39,863 shares, compared to its average volume of 999,938. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 2.00. Air Products & Chemicals has a 1-year low of $148.44 and a 1-year high of $175.17. The firm has a market cap of $35.99 billion, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.70 and a beta of 1.10.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 11th. Stockholders of record on Wednesday, January 2nd will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date is Monday, December 31st. Air Products & Chemicals’s dividend payout ratio (DPR) is currently 59.06%.

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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Earnings History and Estimates for Air Products & Chemicals (NYSE:APD)

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