Brokerages expect Air Products and Chemicals, Inc. (NYSE:APD) to announce $2.10 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Air Products and Chemicals’ earnings. The lowest sales estimate is $2.09 billion and the highest is $2.13 billion. Air Products and Chemicals reported sales of $2.46 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 14.6%. The firm is scheduled to announce its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Air Products and Chemicals will report full-year sales of $2.10 billion for the current financial year, with estimates ranging from $8.04 billion to $8.28 billion. For the next fiscal year, analysts forecast that the business will post sales of $8.47 billion per share, with estimates ranging from $8.31 billion to $8.61 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Air Products and Chemicals.

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

Several research analysts have recently commented on the company. Credit Suisse Group reissued an “outperform” rating and set a $158.00 price objective (up previously from $153.00) on shares of Air Products and Chemicals in a report on Wednesday, August 2nd. Barclays PLC reissued a “buy” rating and set a $170.00 price objective on shares of Air Products and Chemicals in a report on Friday, August 4th. BidaskClub lowered Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price objective for the company in a report on Monday, August 7th. Finally, Argus boosted their price objective on Air Products and Chemicals from $159.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $153.79.

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A number of institutional investors and hedge funds have recently modified their holdings of APD. State of Alaska Department of Revenue purchased a new stake in Air Products and Chemicals in the first quarter worth approximately $109,000. Waldron LP purchased a new stake in Air Products and Chemicals in the first quarter worth approximately $263,000. Tufton Capital Management purchased a new stake in Air Products and Chemicals in the first quarter worth approximately $284,000. Canada Pension Plan Investment Board boosted its stake in Air Products and Chemicals by 40.4% in the first quarter. Canada Pension Plan Investment Board now owns 1,105,728 shares of the basic materials company’s stock worth $149,594,000 after buying an additional 318,200 shares in the last quarter. Finally, Grandfield & Dodd LLC boosted its stake in Air Products and Chemicals by 5.4% in the first quarter. Grandfield & Dodd LLC now owns 91,901 shares of the basic materials company’s stock worth $12,433,000 after buying an additional 4,700 shares in the last quarter. 88.08% of the stock is owned by institutional investors and hedge funds.

Air Products and Chemicals (APD) opened at 144.97 on Friday. The company has a 50 day moving average of $145.58 and a 200 day moving average of $142.45. Air Products and Chemicals has a 1-year low of $129.00 and a 1-year high of $150.45. The firm has a market capitalization of $31.60 billion, a P/E ratio of 10.89 and a beta of 1.25.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be paid a $0.95 dividend. This represents a $3.80 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio is currently 28.51%.

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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