Air Products and Chemicals (NYSE:APD – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $12.20-12.50 for the period, compared to the consensus estimate of $12.35. Air Products and Chemicals also updated its FY 2024 guidance to 12.200-12.500 EPS.
Air Products and Chemicals Stock Performance
Shares of APD stock traded up $6.52 on Thursday, hitting $244.01. The company had a trading volume of 1,165,196 shares, compared to its average volume of 1,732,465. The firm has a market cap of $54.24 billion, a P/E ratio of 21.44, a price-to-earnings-growth ratio of 2.60 and a beta of 0.80. The company has a 50-day moving average price of $237.72 and a 200-day moving average price of $254.55. The company has a quick ratio of 1.58, a current ratio of 1.49 and a debt-to-equity ratio of 0.77. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $307.71.
Air Products and Chemicals (NYSE:APD – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.15. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.74 EPS. As a group, equities research analysts predict that Air Products and Chemicals will post 12.38 earnings per share for the current fiscal year.
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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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