Air Products & Chemicals (NYSE:APD) issued its quarterly earnings results on Thursday. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02), Briefing.com reports. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.37 billion. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 earnings per share. Air Products & Chemicals updated its Q1 guidance to $2.05-$2.10 EPS and its FY20 guidance to $9.35-$9.60 EPS.
APD stock traded up $6.29 during trading on Friday, reaching $233.87. 1,809,915 shares of the stock were exchanged, compared to its average volume of 1,085,902. Air Products & Chemicals has a twelve month low of $149.64 and a twelve month high of $234.61. The company has a market capitalization of $47.72 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84. The stock has a 50 day simple moving average of $216.25 and a 200-day simple moving average of $218.23. The company has a current ratio of 2.28, a quick ratio of 2.09 and a debt-to-equity ratio of 0.28.
APD has been the topic of several research analyst reports. Sanford C. Bernstein downgraded Air Products & Chemicals from an “outperform” rating to a “market perform” rating and set a $225.00 price target on the stock. in a research report on Thursday, July 18th. Citigroup set a $260.00 price target on Air Products & Chemicals and gave the company a “buy” rating in a research report on Monday, July 15th. Seaport Global Securities downgraded Air Products & Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, July 12th. They noted that the move was a valuation call. Barclays raised their price target on Air Products & Chemicals from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, HSBC downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating and lowered their price target for the company from $217.00 to $215.00 in a research report on Thursday, August 1st. Eleven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Air Products & Chemicals presently has a consensus rating of “Hold” and a consensus target price of $238.47.
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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