Air Products & Chemicals Inc. (APD) Issues Q2 Earnings Guidance
Air Products & Chemicals Inc. (NYSE:APD) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.32-1.37 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.43, Stock Ratings Network reports. Air Products & Chemicals also updated its FY14 guidance to $5.70-5.90 EPS.
Shares of Air Products & Chemicals Inc. (NYSE:APD) opened at 106.24 on Tuesday. Air Products & Chemicals Inc. has a 52-week low of $84.04 and a 52-week high of $114.75. The stock’s 50-day moving average is $110.3 and its 200-day moving average is $107.1. The company has a market cap of $22.446 billion and a price-to-earnings ratio of 22.69.
Air Products & Chemicals (NYSE:APD) last announced its earnings results on Monday, January 27th. The company reported $1.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.33 by $0.01. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.57 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Analysts expect that Air Products & Chemicals Inc. will post $5.84 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a neutral rating on shares of Air Products & Chemicals in a research note to investors on Tuesday, November 5th. They now have a $114.00 price target on the stock. On a related note, analysts at UBS AG cut their price target on shares of Air Products & Chemicals from $110.00 to $106.00 in a research note to investors on Wednesday, October 30th. They now have a neutral rating on the stock. Finally, analysts at Robert W. Baird cut their price target on shares of Air Products & Chemicals from $130.00 to $126.00 in a research note to investors on Wednesday, October 30th. They now have an outperform rating on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $106.33.
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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