Air Products and Chemicals (NYSE:APD) Issues Q3 2024 Earnings Guidance

Air Products and Chemicals (NYSE:APD) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 3.000-3.050 for the period, compared to the consensus EPS estimate of 3.300. The company issued revenue guidance of -. Air Products and Chemicals also updated its FY 2024 guidance to 12.200-12.500 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. TD Cowen dropped their target price on Air Products and Chemicals from $345.00 to $305.00 and set an outperform rating for the company in a report on Friday, February 16th. UBS Group downgraded shares of Air Products and Chemicals from a buy rating to a neutral rating and dropped their price target for the company from $328.00 to $241.00 in a research report on Thursday, February 8th. Citigroup raised their target price on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the company a buy rating in a report on Wednesday, April 10th. Morgan Stanley cut their price target on shares of Air Products and Chemicals from $285.00 to $240.00 and set an equal weight rating for the company in a report on Wednesday, February 7th. Finally, Barclays lowered their price objective on shares of Air Products and Chemicals from $260.00 to $245.00 and set an equal weight rating for the company in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of Hold and a consensus price target of $276.36.

Air Products and Chemicals Stock Up 0.9 %

Shares of NYSE:APD opened at $238.12 on Tuesday. Air Products and Chemicals has a 52-week low of $212.24 and a 52-week high of $307.71. The company has a market capitalization of $52.93 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. The company has a fifty day moving average of $237.37 and a 200-day moving average of $255.01.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.64 EPS. On average, equities analysts predict that Air Products and Chemicals will post 12.38 EPS for the current fiscal year.

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.