Air Products & Chemicals (APD) Set to Announce Quarterly Earnings on Wednesday
Air Products & Chemicals (NYSE:APD) will be announcing its earnings results before the market opens on Wednesday, April 24th. Analysts expect the company to announce earnings of $1.88 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings data on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $1.87 by ($0.01). Air Products & Chemicals had a return on equity of 15.13% and a net margin of 18.92%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the company earned $1.79 earnings per share. Air Products & Chemicals’s quarterly revenue was up .3% compared to the same quarter last year. On average, analysts expect Air Products & Chemicals to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of APD stock opened at $196.62 on Tuesday. The company has a quick ratio of 2.03, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. Air Products & Chemicals has a twelve month low of $148.44 and a twelve month high of $198.66. The firm has a market cap of $43.51 billion, a P/E ratio of 26.39, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82.
Several analysts recently weighed in on APD shares. Zacks Investment Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $179.00 price objective for the company in a research report on Tuesday, January 8th. BMO Capital Markets upped their price objective on Air Products & Chemicals from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 9th. Credit Suisse Group upped their price objective on Air Products & Chemicals from $188.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. KeyCorp upped their price objective on Air Products & Chemicals from $195.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Finally, Bank of America downgraded Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 price objective for the company. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $196.40.
Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.
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