Air Products and Chemicals (APD) Scheduled to Post Quarterly Earnings on Monday

by · The Cerbat Gem

Air Products and Chemicals (NYSE:APD – Get Free Report) will release its earnings data before the market opens on Monday, February 5th. Analysts expect Air Products and Chemicals to post earnings of $2.99 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Air Products and Chemicals (NYSE:APD – Get Free Report) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $3.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.04. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.35 billion. Air Products and Chemicals had a net margin of 18.26% and a return on equity of 17.02%. The company’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.89 EPS. On average, analysts expect Air Products and Chemicals to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Air Products and Chemicals Stock Performance

Shares of APD stock opened at $258.17 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.33. Air Products and Chemicals has a 52 week low of $251.63 and a 52 week high of $307.71. The company has a market capitalization of $57.37 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.77 and a beta of 0.85. The company’s 50 day moving average price is $266.82 and its two-hundred day moving average price is $279.85.

Air Products and Chemicals Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be paid a $1.77 dividend. The ex-dividend date is Thursday, March 28th. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.75. This represents a $7.08 annualized dividend and a dividend yield of 2.74%. Air Products and Chemicals’s dividend payout ratio is 67.83%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Air Products and Chemicals from $345.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, November 8th. JPMorgan Chase & Co. reduced their price objective on shares of Air Products and Chemicals from $310.00 to $295.00 and set an “overweight” rating for the company in a research report on Wednesday, November 8th. Finally, Redburn Atlantic cut Air Products and Chemicals from a “buy” rating to a “sell” rating and set a $240.00 target price on the stock. in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has an average rating of “Hold” and a consensus price target of $314.10.

Get Our Latest Stock Report on Air Products and Chemicals

Insider Buying and Selling at Air Products and Chemicals

In other Air Products and Chemicals news, CEO Seifi Ghasemi bought 11,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of $264.42 per share, for a total transaction of $2,908,620.00. Following the completion of the transaction, the chief executive officer now owns 670,673 shares of the company’s stock, valued at approximately $177,339,354.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Air Products and Chemicals

Institutional investors and hedge funds have recently modified their holdings of the business. ICA Group Wealth Management LLC purchased a new position in Air Products and Chemicals during the 4th quarter worth $44,000. Sunbelt Securities Inc. acquired a new stake in Air Products and Chemicals during the 1st quarter worth about $48,000. Salem Investment Counselors Inc. lifted its position in Air Products and Chemicals by 25.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 180 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 37 shares during the period. Fortis Capital Advisors LLC acquired a new position in shares of Air Products and Chemicals in the 4th quarter valued at about $92,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of Air Products and Chemicals by 47.8% in the 1st quarter. Lazard Asset Management LLC now owns 445 shares of the basic materials company’s stock valued at $110,000 after buying an additional 144 shares during the period. 82.62% of the stock is owned by institutional investors.

About Air Products and Chemicals

(Get Free Report)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.

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