Research Analysts Set Expectations for Air Products & Chemicals, Inc.’s Q1 2018 Earnings (APD)
Air Products & Chemicals, Inc. (NYSE:APD) – Research analysts at SunTrust Banks increased their Q1 2018 earnings estimates for Air Products & Chemicals in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Sheehan now anticipates that the basic materials company will post earnings of $1.67 per share for the quarter, up from their prior estimate of $1.61. SunTrust Banks currently has a “Buy” rating and a $185.00 price target on the stock. SunTrust Banks also issued estimates for Air Products & Chemicals’ Q2 2018 earnings at $1.64 EPS, Q3 2018 earnings at $1.81 EPS, Q4 2018 earnings at $1.91 EPS and FY2020 earnings at $8.54 EPS.
Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.68 by $0.08. Air Products & Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same period in the prior year, the firm posted $2.01 earnings per share. The business’s quarterly revenue was up 13.2% compared to the same quarter last year.
Shares of Air Products & Chemicals (APD) traded up $0.38 during midday trading on Wednesday, reaching $162.52. The company had a trading volume of 957,100 shares, compared to its average volume of 1,286,248. Air Products & Chemicals has a 1 year low of $133.63 and a 1 year high of $164.65. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $35,640.00, a PE ratio of 25.70, a PEG ratio of 1.64 and a beta of 1.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Tuesday, January 2nd will be given a $0.95 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.34%. Air Products & Chemicals’s payout ratio is 73.64%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in APD. Tortoise Investment Management LLC increased its stake in shares of Air Products & Chemicals by 3,369.6% during the third quarter. Tortoise Investment Management LLC now owns 798 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 775 shares during the period. IMS Capital Management bought a new position in shares of Air Products & Chemicals in the second quarter worth $129,000. Mosaic Family Wealth LLC increased its holdings in shares of Air Products & Chemicals by 7.0% in the second quarter. Mosaic Family Wealth LLC now owns 1,070 shares of the basic materials company’s stock worth $153,000 after purchasing an additional 70 shares during the period. Westwood Holdings Group Inc. increased its holdings in shares of Air Products & Chemicals by 718.5% in the second quarter. Westwood Holdings Group Inc. now owns 1,105 shares of the basic materials company’s stock worth $158,000 after purchasing an additional 970 shares during the period. Finally, San Francisco Sentry Investment Group CA increased its holdings in shares of Air Products & Chemicals by 6,110.0% in the third quarter. San Francisco Sentry Investment Group CA now owns 1,242 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 1,222 shares during the period. 88.09% of the stock is owned by institutional investors.
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Air Products & Chemicals Company Profile
Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.
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