Analysts expect Air Products and Chemicals, Inc. (NYSE:APD) to announce $2.05 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Air Products and Chemicals’ earnings, with estimates ranging from $2.03 billion to $2.07 billion. Air Products and Chemicals reported sales of $2.43 billion during the same quarter last year, which indicates a negative year over year growth rate of 15.6%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Tuesday, August 1st.

According to Zacks, analysts expect that Air Products and Chemicals will report full-year sales of $2.05 billion for the current financial year, with estimates ranging from $7.88 billion to $8.02 billion. For the next fiscal year, analysts forecast that the business will report sales of $8.26 billion per share, with estimates ranging from $8.12 billion to $8.48 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Air Products and Chemicals.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Thursday, April 27th. The basic materials company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. Air Products and Chemicals had a net margin of 36.19% and a return on equity of 19.26%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $1.82 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis.

Several analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research report on Tuesday, May 2nd. BidaskClub cut shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research lowered shares of Air Products and Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. Finally, Deutsche Bank AG upgraded shares of Air Products and Chemicals from a “hold” rating to a “buy” rating and increased their price target for the company from $148.00 to $160.00 in a research note on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $152.85.

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Several large investors have recently made changes to their positions in APD. iAB Financial Bank bought a new stake in shares of Air Products and Chemicals during the first quarter valued at approximately $100,000. Patten Group Inc. increased its stake in shares of Air Products and Chemicals by 3.7% in the first quarter. Patten Group Inc. now owns 778 shares of the basic materials company’s stock valued at $105,000 after buying an additional 28 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Air Products and Chemicals during the first quarter valued at about $109,000. Guardian Life Insurance Co. of America increased its stake in shares of Air Products and Chemicals by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 838 shares of the basic materials company’s stock valued at $113,000 after buying an additional 6 shares in the last quarter. Finally, Webster Bank N. A. increased its stake in shares of Air Products and Chemicals by 68.2% in the first quarter. Webster Bank N. A. now owns 851 shares of the basic materials company’s stock valued at $115,000 after buying an additional 345 shares in the last quarter. 89.12% of the stock is owned by institutional investors and hedge funds.

Shares of Air Products and Chemicals (NYSE APD) opened at 142.77 on Wednesday. Air Products and Chemicals has a one year low of $128.35 and a one year high of $150.45. The company has a market cap of $31.08 billion, a price-to-earnings ratio of 9.87 and a beta of 1.26. The company’s 50-day moving average is $144.33 and its 200-day moving average is $142.11.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 3rd will be issued a $0.95 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $3.80 annualized dividend and a dividend yield of 2.66%. Air Products and Chemicals’s dividend payout ratio (DPR) is 26.28%.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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Earnings History and Estimates for Air Products and Chemicals (NYSE:APD)

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