Equities research analysts expect Air Products and Chemicals, Inc. (NYSE:APD) to post $1.65 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Air Products and Chemicals’ earnings, with estimates ranging from $1.61 to $1.67. Air Products and Chemicals posted earnings per share of $1.47 in the same quarter last year, which would indicate a positive year over year growth rate of 12.2%. The business is scheduled to issue its next quarterly earnings report on Friday, January 26th.

On average, analysts expect that Air Products and Chemicals will report full year earnings of $7.00 per share for the current year, with EPS estimates ranging from $6.95 to $7.05. For the next financial year, analysts forecast that the company will post earnings of $7.63 per share, with EPS estimates ranging from $7.43 to $7.80. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Air Products and Chemicals.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Thursday, October 26th. The basic materials company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period last year, the company earned $2.01 EPS. Air Products and Chemicals’s revenue for the quarter was up 13.2% on a year-over-year basis.

A number of research firms have recently issued reports on APD. Argus raised 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 note on Monday, August 28th. Susquehanna Bancshares Inc upgraded shares of Air Products and Chemicals from a “neutral” rating to a “positive” rating and raised their target price for the stock from $165.00 to $175.00 in a research note on Thursday, September 14th. KeyCorp reaffirmed 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 reaffirmed 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. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $155.00 target price on shares of Air Products and Chemicals in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Air Products and Chemicals currently has a consensus rating of “Hold” and an average target price of $162.33.

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Shares of Air Products and Chemicals (NYSE APD) opened at $159.25 on Friday. The firm has a market capitalization of $34.74 billion, a P/E ratio of 25.26, a PEG ratio of 1.88 and a beta of 1.24. The company has a quick ratio of 2.23, a current ratio of 2.36 and a debt-to-equity ratio of 0.33.

Several large investors have recently modified their holdings of the stock. Grandfield & Dodd LLC boosted its holdings in shares of Air Products and Chemicals by 2.3% in the 3rd quarter. Grandfield & Dodd LLC now owns 94,274 shares of the basic materials company’s stock worth $14,256,000 after buying an additional 2,093 shares during the last quarter. Courier Capital LLC boosted its holdings in shares of Air Products and Chemicals by 20.8% in the 3rd quarter. Courier Capital LLC now owns 2,325 shares of the basic materials company’s stock worth $351,000 after buying an additional 400 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in shares of Air Products and Chemicals by 4.3% in the 3rd quarter. Hennessy Advisors Inc. now owns 14,600 shares of the basic materials company’s stock worth $2,208,000 after buying an additional 600 shares during the last quarter. ZWJ Investment Counsel Inc. purchased a new position in shares of Air Products and Chemicals in the 3rd quarter worth about $257,000. Finally, Swiss National Bank boosted its holdings in shares of Air Products and Chemicals by 0.9% in the 3rd quarter. Swiss National Bank now owns 802,106 shares of the basic materials company’s stock worth $121,294,000 after buying an additional 7,500 shares during the last quarter. 87.30% of the stock is currently owned by institutional investors.

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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