Air Products and Chemicals (APD) to Release Earnings on Tuesday

Air Products and Chemicals (NYSE:APD) will be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $2.73 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing the consensus estimate of $3.00 by ($0.18). Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the business earned $2.64 earnings per share. Air Products and Chemicals’s revenue was down 5.6% compared to the same quarter last year. On average, analysts expect Air Products and Chemicals to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Air Products and Chemicals Price Performance

Shares of NYSE:APD opened at $236.08 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The firm has a market capitalization of $52.48 billion, a P/E ratio of 22.53, a P/E/G ratio of 2.60 and a beta of 0.81. The company’s fifty day moving average price is $237.14 and its 200 day moving average price is $255.35. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $307.71.

Analyst Ratings Changes

Several research firms have issued reports on APD. Citigroup boosted their price objective on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. TD Cowen dropped their target price on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. Wells Fargo & Company cut shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a report on Monday, February 5th. Argus cut shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, Morgan Stanley dropped their target price on shares of Air Products and Chemicals from $285.00 to $240.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and a consensus price target of $276.36.

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.