Wall Street brokerages predict that Air Products and Chemicals, Inc. (NYSE:APD) will announce earnings per share of $1.69 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Air Products and Chemicals’ earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $1.66. Air Products and Chemicals reported earnings per share of $2.01 during the same quarter last year, which suggests a negative year over year growth rate of 15.9%. The firm is scheduled to issue its next earnings report on Thursday, October 26th.

On average, analysts expect that Air Products and Chemicals will report full year earnings of $6.24 per share for the current year, with EPS estimates ranging from $6.21 to $6.27. For the next financial year, analysts forecast that the business will report earnings of $6.79 per share, with EPS estimates ranging from $6.60 to $7.03. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Air Products and Chemicals.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. Air Products and Chemicals’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $1.92 EPS.

Several research analysts have weighed in on the stock. Deutsche Bank AG upped their target price on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $155.00 target price on shares of Air Products and Chemicals in a research report on Friday, July 14th. Argus upped their target price on shares of Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Vertical Research upgraded shares of Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 target price on the stock in a research report on Monday, August 7th. Finally, BidaskClub lowered shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. Air Products and Chemicals has a consensus rating of “Hold” and an average target price of $153.23.

Several hedge funds have recently added to or reduced their stakes in the company. Intl Fcstone Inc. acquired a new stake in shares of Air Products and Chemicals in the second quarter valued at approximately $1,344,000. Lord Abbett & CO. LLC lifted its stake in shares of Air Products and Chemicals by 2.4% during the second quarter. Lord Abbett & CO. LLC now owns 65,300 shares of the basic materials company’s stock valued at $9,342,000 after buying an additional 1,500 shares during the period. United Bank VA lifted its stake in shares of Air Products and Chemicals by 10.0% during the second quarter. United Bank VA now owns 22,610 shares of the basic materials company’s stock valued at $3,235,000 after buying an additional 2,058 shares during the period. WFG Advisors LP lifted its stake in shares of Air Products and Chemicals by 47.5% during the second quarter. WFG Advisors LP now owns 1,267 shares of the basic materials company’s stock valued at $181,000 after buying an additional 408 shares during the period. Finally, Toronto Dominion Bank lifted its stake in shares of Air Products and Chemicals by 25.0% during the second quarter. Toronto Dominion Bank now owns 75,764 shares of the basic materials company’s stock valued at $10,837,000 after buying an additional 15,168 shares during the period. Institutional investors and hedge funds own 88.08% of the company’s stock.

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Air Products and Chemicals (NYSE APD) opened at 144.37 on Friday. Air Products and Chemicals has a 52 week low of $129.00 and a 52 week high of $150.45. The stock has a market capitalization of $31.47 billion, a price-to-earnings ratio of 10.85 and a beta of 1.25. The company has a 50-day moving average of $145.61 and a 200-day moving average of $142.43.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 10th will be given a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a dividend yield of 2.63%. Air Products and Chemicals’s dividend payout ratio is presently 28.51%.

About Air Products and Chemicals

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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