Air Products and Chemicals (NYSE:APD) Issues FY 2024 Earnings Guidance

Air Products and Chemicals (NYSE:APD) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 12.200-12.500 for the period, compared to the consensus EPS estimate of 12.310. The company issued revenue guidance of -. Air Products and Chemicals also updated its FY24 guidance to $12.20-12.50 EPS.

Wall Street Analyst Weigh In

APD has been the subject of a number of analyst reports. TheStreet downgraded shares of Air Products and Chemicals from a b rating to a c+ rating in a research report on Monday, February 5th. Wolfe Research assumed coverage on shares of Air Products and Chemicals in a research note on Friday, March 1st. They issued an outperform rating and a $279.00 price objective for the company. Bank of America lifted their price objective on shares of Air Products and Chemicals from $272.00 to $275.00 and gave the stock a buy rating in a research note on Wednesday. Argus cut shares of Air Products and Chemicals from a buy rating to a hold rating in a research note on Monday, February 26th. Finally, StockNews.com upgraded shares of Air Products and Chemicals from a sell rating to a hold rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Air Products and Chemicals has a consensus rating of Hold and an average price target of $277.43.

Air Products and Chemicals Trading Up 1.5 %

Shares of APD stock traded up $3.65 during mid-day trading on Thursday, reaching $241.14. The stock had a trading volume of 705,128 shares, compared to its average volume of 1,727,353. Air Products and Chemicals has a 52-week low of $212.24 and a 52-week high of $307.71. The company has a current ratio of 1.49, a quick ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock’s 50-day moving average price is $237.72 and its two-hundred day moving average price is $254.55. The firm has a market capitalization of $53.61 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.60 and a beta of 0.80.

Air Products and Chemicals (NYSE:APD) last posted its 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. Air Products and Chemicals had a net margin of 20.32% and a return on equity of 16.56%. The firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the firm posted $2.74 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 8.4% compared to the same quarter last year. Equities analysts expect that Air Products and Chemicals will post 12.38 earnings per share for the current fiscal 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.