Air Products & Chemicals Inc. (APD) Updates FY14 Earnings Guidance
Air Products & Chemicals Inc. (NYSE:APD) updated its FY14 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.70-5.90 for the period, compared to the Thomson Reuters consensus estimate of $6.05, Stock Ratings News reports. Air Products & Chemicals also updated its Q1 guidance to $1.30-1.35 EPS.
Several analysts have recently commented on the stock. Analysts at BGC Financial upgraded shares of Air Products & Chemicals from a hold rating to a buy rating in a research note to investors on Friday, October 11th. They now have a $122.00 price target on the stock, up previously from $94.00. On a related note, analysts at UBS AG initiated coverage on shares of Air Products & Chemicals in a research note to investors on Tuesday, September 24th. They set a neutral rating and a $110.00 price target on the stock. Finally, analysts at Atlantic Securities upgraded shares of Air Products & Chemicals from a neutral rating to an overweight rating in a research note to investors on Thursday, September 19th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $106.20.
Shares of Air Products & Chemicals Inc. (NYSE:APD) opened at 107.435 on Tuesday. Air Products & Chemicals Inc. has a one year low of $76.78 and a one year high of $111.00. The stock’s 50-day moving average is $104.3 and its 200-day moving average is $94.40. The company has a market cap of $22.523 billion and a price-to-earnings ratio of 23.38.
Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.47. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts expect that Air Products & Chemicals Inc. will post $5.50 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Friday, September 27th.
Air Products and Chemicals, Inc has a portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services.
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