Air Products and Chemicals, Inc. (APD) Set to Announce Earnings on Wednesday
Air Products and Chemicals, Inc. (NYSE:APD) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, October 25th. Analysts expect Air Products and Chemicals to post earnings of $1.67 per share for the quarter. Air Products and Chemicals has set its Q4 guidance at $1.65-1.70 EPS and its FY17 guidance at $6.20-6.25 EPS.
Air Products and Chemicals (NYSE:APD) last announced its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. On average, analysts expect Air Products and Chemicals to post $6.24 EPS for the current fiscal year and $6.87 EPS for the next fiscal year.
Air Products and Chemicals, Inc. (NYSE:APD) opened at 153.47 on Wednesday. The firm has a market cap of $33.45 billion, a PE ratio of 11.53 and a beta of 1.26. The firm’s 50 day moving average price is $149.84 and its 200-day moving average price is $144.83. Air Products and Chemicals, Inc. has a one year low of $129.00 and a one year high of $154.41.
The business 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 dividend of $0.95 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $3.80 dividend on an annualized basis and a dividend yield of 2.48%. Air Products and Chemicals’s payout ratio is 28.51%.
A number of research firms have recently issued reports on APD. KeyCorp reiterated a “buy” rating and set a $161.00 price target on shares of Air Products and Chemicals in a research report on Friday, September 8th. Vertical Research reiterated a “hold” rating and set a $148.00 price target (up from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Deutsche Bank AG lifted their price target on shares of Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating and lifted their price target for the company from $165.00 to $175.00 in a research report on Thursday, September 14th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $155.00 price target on shares of Air Products and Chemicals in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $157.15.
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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