Zacks: Brokerages Anticipate Air Products & Chemicals, Inc. (APD) to Post $2.14 EPS

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Brokerages predict that Air Products & Chemicals, Inc. (NYSE:APD) will announce earnings per share (EPS) of $2.14 for the current quarter, according to Zacks. Three analysts have issued estimates for Air Products & Chemicals’ earnings, with the lowest EPS estimate coming in at $2.11 and the highest estimate coming in at $2.17. Air Products & Chemicals posted earnings per share of $1.95 in the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The business is scheduled to report its next quarterly earnings report on Thursday, July 25th.

According to Zacks, analysts expect that Air Products & Chemicals will report full-year earnings of $8.22 per share for the current financial year, with EPS estimates ranging from $8.16 to $8.31. For the next year, analysts expect that the business will report earnings of $9.32 per share, with EPS estimates ranging from $9.00 to $9.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Air Products & Chemicals.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Wednesday, April 24th. The basic materials company reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.04. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Air Products & Chemicals had a return on equity of 15.28% and a net margin of 18.90%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.71 EPS.

A number of brokerages have commented on APD. Credit Suisse Group lifted their price target on Air Products & Chemicals from $200.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Zacks Investment Research cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. BMO Capital Markets lifted their price target on Air Products & Chemicals to $235.00 and gave the stock an “outperform” rating in a research report on Monday. Barclays lifted their price target on Air Products & Chemicals from $184.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, UBS Group lifted their price target on Air Products & Chemicals from $215.00 to $224.00 and gave the stock a “buy” rating in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the company. Air Products & Chemicals currently has a consensus rating of “Buy” and a consensus price target of $211.50.

APD traded up $3.91 on Friday, reaching $208.93. 20,862 shares of the stock were exchanged, compared to its average volume of 1,172,940. Air Products & Chemicals has a fifty-two week low of $148.44 and a fifty-two week high of $209.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.16 and a current ratio of 2.36. The stock has a market cap of $45.03 billion, a P/E ratio of 28.02, a P/E/G ratio of 2.11 and a beta of 0.83.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, July 1st will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.22%. Air Products & Chemicals’s payout ratio is currently 62.28%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc raised its stake in shares of Air Products & Chemicals by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 18,589,029 shares of the basic materials company’s stock valued at $3,105,298,000 after buying an additional 238,723 shares during the last quarter. BlackRock Inc. raised its stake in shares of Air Products & Chemicals by 1.9% during the 4th quarter. BlackRock Inc. now owns 17,129,190 shares of the basic materials company’s stock valued at $2,741,528,000 after buying an additional 317,875 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Air Products & Chemicals by 0.6% during the 1st quarter. Wells Fargo & Company MN now owns 3,943,516 shares of the basic materials company’s stock valued at $753,054,000 after buying an additional 23,089 shares during the last quarter. Findlay Park Partners LLP raised its stake in shares of Air Products & Chemicals by 6.4% during the 4th quarter. Findlay Park Partners LLP now owns 3,284,423 shares of the basic materials company’s stock valued at $525,672,000 after buying an additional 196,923 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Air Products & Chemicals by 0.7% during the 1st quarter. Northern Trust Corp now owns 3,262,098 shares of the basic materials company’s stock valued at $622,929,000 after buying an additional 22,480 shares during the last quarter. Institutional investors and hedge funds own 87.41% of the company’s stock.

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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