Air Products and Chemicals (NYSE:APD) Updates FY 2026 Earnings Guidance

Air Products and Chemicals (NYSE:APD) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 13.390-13.490 for the period, compared to the consensus earnings per share estimate of 13.220. The company issued revenue guidance of -. Air Products and Chemicals also updated its Q4 2026 guidance to 3.550-3.650 EPS.

Analysts Set New Price Targets

A number of research firms have issued reports on APD. Citigroup restated a “neutral” rating on shares of Air Products and Chemicals in a research note on Friday. Evercore reissued an “outperform” rating and issued a $342.00 price objective on shares of Air Products and Chemicals in a report on Friday, July 10th. Sanford C. Bernstein upped their target price on shares of Air Products and Chemicals from $344.00 to $345.00 and gave the company an “outperform” rating in a report on Friday, July 17th. UBS Group increased their price target on shares of Air Products and Chemicals from $307.00 to $316.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company lifted their price target on shares of Air Products and Chemicals from $325.00 to $340.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.88.

Air Products and Chemicals Price Performance

NYSE APD opened at $299.75 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.21 and a debt-to-equity ratio of 0.95. Air Products and Chemicals has a 12 month low of $229.11 and a 12 month high of $314.87. The stock has a market cap of $66.75 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 2.67 and a beta of 0.73. The company’s 50 day moving average is $289.60 and its two-hundred day moving average is $286.63.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.34 by $0.13. Air Products and Chemicals had a net margin of 16.91% and a return on equity of 16.11%. The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the company posted $3.09 earnings per share. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. As a group, research analysts anticipate that Air Products and Chemicals will post 13.22 earnings per share for the current year.

Air Products and Chemicals Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 9th. Investors of record on Thursday, October 1st will be given a dividend of $1.81 per share. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a dividend yield of 2.4%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 76.61%.

More Air Products and Chemicals News

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Adjusted fiscal Q3 EPS was $3.47, above the $3.34 consensus estimate and up from $3.09 a year earlier. Higher on-site volumes, pricing and favorable currency contributed to the improvement. Revenue rose 4.6% year over year to $3.16 billion. APD Q3 Earnings Beat on Volume Growth, Sales Miss Estimates
• Positive Sentiment: Management raised fiscal 2026 adjusted EPS guidance to $13.39-$13.49, above the $13.22 analyst consensus, and forecast fourth-quarter EPS of $3.55-$3.65 versus the $3.52 consensus. Air Products Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Air Products announced a long-term Taiwan semiconductor agreement covering four air-separation units, bulk-gas systems and pipeline infrastructure, supporting its electronics growth strategy. It also finalized a marketing and distribution agreement for renewable ammonia from Saudi Arabia’s NEOM Green Hydrogen Project. Air Products Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: The company now expects fiscal 2026 capital expenditures of approximately $3.5 billion, after previously spending $2.9 billion on Louisiana-related actions. Lower spending may improve cash discipline, but also signals a smaller near-term project pipeline.
• Negative Sentiment: GAAP results were sharply negative, with a $6.47 loss per share and a $2.1 billion operating loss, primarily due to charges tied to abandoning the Louisiana Clean Energy Complex, discontinuing an Arizona liquid-hydrogen facility and exiting other clean-energy projects. Air Products Swings to 3Q Loss After Project Exits
• Negative Sentiment: Quarterly revenue of $3.16 billion narrowly missed the $3.20 billion consensus estimate, suggesting that earnings growth was driven more by volumes, pricing and currency than by broad-based sales strength.

Hedge Funds Weigh In On Air Products and Chemicals

Institutional investors have recently bought and sold shares of the stock. Bison Wealth LLC purchased a new stake in shares of Air Products and Chemicals in the fourth quarter worth about $245,000. Brighton Jones LLC grew its holdings in Air Products and Chemicals by 14.5% during the 4th quarter. Brighton Jones LLC now owns 3,260 shares of the basic materials company’s stock valued at $945,000 after buying an additional 412 shares in the last quarter. McMillan Office Inc. bought a new stake in Air Products and Chemicals in the 4th quarter worth approximately $131,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Air Products and Chemicals during the 4th quarter worth approximately $112,000. Finally, Loomis Sayles & Co. L P boosted its position in shares of Air Products and Chemicals by 12.2% during the 4th quarter. Loomis Sayles & Co. L P now owns 440 shares of the basic materials company’s stock valued at $109,000 after acquiring an additional 48 shares during the last quarter. 81.66% of the stock is owned by hedge funds and other institutional investors.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.