Air Products & Chemicals (NYSE:APD) Issues Q2 Earnings Guidance

Air Products & Chemicals (NYSE:APD) updated its second quarter earnings guidance on Friday. The company provided EPS guidance of $2.10-2.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.26. Air Products & Chemicals also updated its FY 2020
Pre-Market guidance to 9.35-9.60 EPS.

Several research firms recently commented on APD. Wells Fargo & Co began coverage on shares of Air Products & Chemicals in a research report on Tuesday, October 15th. They issued a market perform rating and a $240.00 price objective on the stock. Barclays boosted their price objective on shares of Air Products & Chemicals from $260.00 to $270.00 and gave the company an overweight rating in a research report on Wednesday, November 13th. Deutsche Bank boosted their price objective on shares of Air Products & Chemicals from $250.00 to $260.00 and gave the company a buy rating in a research report on Friday, November 8th. They noted that the move was a valuation call. Berenberg Bank began coverage on shares of Air Products & Chemicals in a research report on Tuesday, November 26th. They issued a hold rating and a $241.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Air Products & Chemicals from a buy rating to a hold rating and set a $243.00 price objective on the stock. in a research report on Friday, January 3rd. Thirteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $240.76.

NYSE:APD traded up $7.15 on Friday, hitting $244.44. 1,160,034 shares of the company’s stock were exchanged, compared to its average volume of 980,744. The firm has a 50-day moving average price of $233.18 and a 200-day moving average price of $226.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.54 and a quick ratio of 2.32. Air Products & Chemicals has a 52 week low of $154.78 and a 52 week high of $241.90. The company has a market cap of $52.48 billion, a P/E ratio of 30.79, a price-to-earnings-growth ratio of 2.04 and a beta of 0.85.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Friday, January 24th. The basic materials company reported $2.14 EPS for the quarter, topping the consensus estimate of $2.08 by $0.06. Air Products & Chemicals had a net margin of 19.73% and a return on equity of 15.88%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the previous year, the firm posted $1.86 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts expect that Air Products & Chemicals will post 9.47 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Wednesday, April 1st will be given a dividend of $1.34 per share. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.16. This represents a $5.36 annualized dividend and a yield of 2.19%. Air Products & Chemicals’s payout ratio is 56.52%.

About Air Products & Chemicals

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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