Air Products and Chemicals (APD) to Release Quarterly Earnings on Tuesday

Air Products and Chemicals (NYSE:APD) is set to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $2.73 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Air Products and Chemicals (NYSE:APD) last announced its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.20 billion. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the business posted $2.64 earnings per share. On average, analysts expect Air Products and Chemicals to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Air Products and Chemicals Stock Up 0.4 %

NYSE APD opened at $236.08 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The stock has a market capitalization of $52.48 billion, a PE ratio of 22.53, a PEG ratio of 2.59 and a beta of 0.81. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $307.71. The business’s 50-day moving average is $237.14 and its 200 day moving average is $255.60.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Seaport Res Ptn cut Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 6th. TD Cowen lowered their price objective on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Mizuho lowered their price objective on shares of Air Products and Chemicals from $304.00 to $295.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Wolfe Research began coverage on shares of Air Products and Chemicals in a report on Friday, March 1st. They issued an “outperform” rating and a $279.00 price objective for the company. Finally, UBS Group lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $328.00 to $241.00 in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Company Profile

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.