Equities analysts forecast that Air Products and Chemicals, Inc. (NYSE:APD) will post $2.15 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Air Products and Chemicals’ earnings, with the highest sales estimate coming in at $2.27 billion and the lowest estimate coming in at $2.07 billion. Air Products and Chemicals reported sales of $1.88 billion during the same quarter last year, which would suggest a positive year over year growth rate of 14.4%. The business is expected to issue its next quarterly earnings results on Friday, January 26th.

On average, analysts expect that Air Products and Chemicals will report full year sales of $2.15 billion for the current fiscal year, with estimates ranging from $8.54 billion to $9.00 billion. For the next year, analysts anticipate that the business will report sales of $9.38 billion per share, with estimates ranging from $9.04 billion to $9.64 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Air Products and Chemicals.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the company posted $2.01 EPS. Air Products and Chemicals’s revenue for the quarter was up 13.2% on a year-over-year basis.

A number of equities analysts recently weighed in on the company. KeyCorp reiterated a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a research report on Friday, September 8th. upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Vertical Research restated a “hold” rating and set a $148.00 price objective (up from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Deutsche Bank AG raised their price objective on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Finally, Susquehanna Bancshares Inc raised their price objective on Air Products and Chemicals and gave the stock a “positive” rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $164.80.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tortoise Investment Management LLC raised its stake in shares of Air Products and Chemicals by 3,369.6% during the 3rd 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 in the last quarter. IMS Capital Management purchased a new stake in shares of Air Products and Chemicals during the 2nd quarter worth about $129,000. Armbruster Capital Management Inc. raised its stake in shares of Air Products and Chemicals by 13.5% during the 2nd quarter. Armbruster Capital Management Inc. now owns 908 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 108 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in shares of Air Products and Chemicals by 8.8% during the 2nd quarter. Hanson & Doremus Investment Management now owns 931 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 75 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in shares of Air Products and Chemicals by 25.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 1,020 shares of the basic materials company’s stock worth $145,000 after purchasing an additional 210 shares in the last quarter. 90.35% of the stock is owned by institutional investors.

Air Products and Chemicals (NYSE:APD) opened at $161.56 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.36 and a quick ratio of 2.23. Air Products and Chemicals has a 1 year low of $133.63 and a 1 year high of $163.56. The firm has a market capitalization of $35,333.11, a price-to-earnings ratio of 25.61, a P/E/G ratio of 1.90 and a beta of 1.24.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.95 per share. The ex-dividend date is Friday, December 29th. This represents a $3.80 dividend on an annualized basis and a yield of 2.35%. Air Products and Chemicals’s payout ratio is presently 27.82%.

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About Air Products and Chemicals

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

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