Air Products and Chemicals, Inc. (APD) Issues FY17 Earnings Guidance
Air Products and Chemicals, Inc. (NYSE:APD) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $6.20-6.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.22.
Shares of Air Products and Chemicals, Inc. (APD) opened at 149.28 on Wednesday. The company has a 50 day moving average price of $145.68 and a 200-day moving average price of $142.54. Air Products and Chemicals, Inc. has a 1-year low of $129.00 and a 1-year high of $151.42. The stock has a market capitalization of $32.54 billion, a P/E ratio of 11.21 and a beta of 1.25.
Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the company posted $1.92 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities research analysts forecast that Air Products and Chemicals, Inc. will post $6.23 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is 28.51%.
APD has been the subject of a number of recent analyst reports. Credit Suisse Group reissued an outperform rating and issued a $158.00 price objective (up from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Barclays PLC reaffirmed a buy rating and set a $170.00 price target on shares of Air Products and Chemicals in a research note on Friday, August 4th. BidaskClub lowered Air Products and Chemicals from a hold rating to a sell rating in a research note on Friday, June 23rd. Vertical Research raised Air Products and Chemicals from a sell rating to a hold rating and set a $146.00 price target for the company in a research note on Monday, August 7th. Finally, Argus increased their price target on Air Products and Chemicals from $159.00 to $165.00 and gave the company a buy rating in a research note on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Air Products and Chemicals presently has an average rating of Hold and an average target price of $153.93.
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Air Products and 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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