Air Products & Chemicals, Inc. Forecasted to Earn Q1 2021 Earnings of $2.50 Per Share (NYSE:APD)

Air Products & Chemicals, Inc. (NYSE:APD) – Equities researchers at Seaport Global Securities issued their Q1 2021 EPS estimates for Air Products & Chemicals in a report issued on Monday, November 11th. Seaport Global Securities analyst M. Harrison expects that the basic materials company will post earnings of $2.50 per share for the quarter. Seaport Global Securities also issued estimates for Air Products & Chemicals’ Q2 2021 earnings at $2.55 EPS, Q3 2021 earnings at $2.71 EPS, Q4 2021 earnings at $2.81 EPS and FY2021 earnings at $10.57 EPS.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02). The firm 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 19.73% and a return on equity of 15.88%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $2.00 earnings per share.

APD has been the subject of several other reports. ValuEngine cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Credit Suisse Group lifted their target price on Air Products & Chemicals from $221.00 to $238.00 and gave the company an “outperform” rating in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their target price on Air Products & Chemicals from $235.00 to $240.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. BMO Capital Markets lifted their target price on Air Products & Chemicals from $252.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Deutsche Bank lifted their target price on Air Products & Chemicals from $250.00 to $260.00 and gave the company a “buy” rating in a research note on Friday, November 8th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Air Products & Chemicals has an average rating of “Hold” and an average target price of $241.53.

NYSE APD opened at $237.52 on Wednesday. The stock has a fifty day moving average of $217.36 and a 200-day moving average of $218.98. The stock has a market capitalization of $51.79 billion, a P/E ratio of 28.59, a price-to-earnings-growth ratio of 2.02 and a beta of 0.84. Air Products & Chemicals has a 52 week low of $149.64 and a 52 week high of $238.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.32 and a current ratio of 2.54.

Large investors have recently bought and sold shares of the company. Bailard Inc. lifted its holdings in Air Products & Chemicals by 2.0% during the second quarter. Bailard Inc. now owns 2,347 shares of the basic materials company’s stock worth $531,000 after acquiring an additional 45 shares in the last quarter. First Allied Advisory Services Inc. lifted its holdings in Air Products & Chemicals by 2.3% during the third quarter. First Allied Advisory Services Inc. now owns 2,010 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 46 shares in the last quarter. Sullivan Bruyette Speros & Blaney LLC lifted its holdings in Air Products & Chemicals by 3.2% during the second quarter. Sullivan Bruyette Speros & Blaney LLC now owns 1,549 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 48 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its holdings in Air Products & Chemicals by 1.7% during the third quarter. Jaffetilchin Investment Partners LLC now owns 2,945 shares of the basic materials company’s stock worth $653,000 after acquiring an additional 48 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in Air Products & Chemicals by 1.6% during the third quarter. Municipal Employees Retirement System of Michigan now owns 3,090 shares of the basic materials company’s stock worth $686,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 85.09% 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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Earnings History and Estimates for Air Products & Chemicals (NYSE:APD)

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