Air Products & Chemicals Inc. (APD) Updates FY14 Earnings Guidance
Air Products & Chemicals Inc. (NYSE:APD) issued an update on its FY14 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $5.70-5.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.83, AnalystRatings.Net reports. Air Products & Chemicals also updated its Q2 guidance to $1.32-1.37 EPS.
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 issued a hold rating and six have assigned a buy rating to the company. Air Products & Chemicals presently has an average rating of Hold and a consensus price target of $106.33.
Shares of Air Products & Chemicals Inc. (NYSE:APD) opened at 106.24 on Tuesday. Air Products & Chemicals Inc. has a one year low of $84.04 and a one year 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 issued its quarterly earnings data on Monday, January 27th. The company reported $1.34 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.30 earnings per share. Air Products & Chemicals’s revenue was down .7% compared to the same quarter last year. Analysts expect that Air Products & Chemicals Inc. will post $5.84 EPS for the current fiscal year.
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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