Brokers Issue Forecasts for Air Products & Chemicals, Inc.’s Q2 2019 Earnings (APD)

Air Products & Chemicals, Inc. (NYSE:APD) – Research analysts at Seaport Global Securities reduced their Q2 2019 earnings per share (EPS) estimates for Air Products & Chemicals in a report issued on Monday, April 15th. Seaport Global Securities analyst M. Harrison now anticipates that the basic materials company will post earnings per share of $1.85 for the quarter, down from their previous estimate of $1.87. Seaport Global Securities also issued estimates for Air Products & Chemicals’ Q3 2020 earnings at $2.43 EPS and Q4 2020 earnings at $2.58 EPS.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Friday, January 25th. The basic materials company reported $1.86 EPS for the quarter, missing the Zacks’ consensus estimate of $1.87 by ($0.01). Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm earned $1.79 earnings per share. The business’s revenue was up .3% on a year-over-year basis.

APD has been the subject of a number of other reports. Bank of America downgraded Air Products & Chemicals from a “neutral” rating to an “underperform” rating and set a $170.00 target price for the company. in a research note on Tuesday, January 8th. They noted that the move was a valuation call. Zacks Investment Research cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Wednesday, January 16th. Credit Suisse Group lifted their price target on Air Products & Chemicals from $188.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. KeyCorp lifted their price target on Air Products & Chemicals from $195.00 to $220.00 and gave the company an “overweight” rating in a report on Friday. Finally, BMO Capital Markets lifted their price target on Air Products & Chemicals from $200.00 to $215.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $194.20.

Shares of APD stock opened at $193.93 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 2.03. Air Products & Chemicals has a 52 week low of $148.44 and a 52 week high of $195.36. The company has a market capitalization of $42.64 billion, a price-to-earnings ratio of 26.03, a P/E/G ratio of 1.82 and a beta of 0.81.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Friday, March 29th. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.10. Air Products & Chemicals’s payout ratio is 62.28%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Air Products & Chemicals by 1.3% during the third quarter. Vanguard Group Inc. now owns 18,589,029 shares of the basic materials company’s stock worth $3,105,298,000 after purchasing an additional 238,723 shares in the last quarter. Vanguard Group Inc raised its holdings in Air Products & Chemicals by 1.3% during the third quarter. Vanguard Group Inc now owns 18,589,029 shares of the basic materials company’s stock worth $3,105,298,000 after purchasing an additional 238,723 shares in the last quarter. BlackRock Inc. raised its holdings in Air Products & Chemicals by 1.9% during the fourth quarter. BlackRock Inc. now owns 17,129,190 shares of the basic materials company’s stock worth $2,741,528,000 after purchasing an additional 317,875 shares in the last quarter. Findlay Park Partners LLP raised its holdings in Air Products & Chemicals by 6.4% during the fourth quarter. Findlay Park Partners LLP now owns 3,284,423 shares of the basic materials company’s stock worth $525,672,000 after purchasing an additional 196,923 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Air Products & Chemicals by 3.2% during the fourth quarter. Northern Trust Corp now owns 3,239,618 shares of the basic materials company’s stock worth $518,501,000 after purchasing an additional 100,657 shares in the last quarter. 87.52% of the stock is currently owned by institutional investors.

Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, argon, and rare gases; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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