Wall Street brokerages expect that Air Products & Chemicals, Inc. (NYSE:APD) will report sales of $2.20 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Air Products & Chemicals’ earnings. The highest sales estimate is $2.23 billion and the lowest is $2.17 billion. Air Products & Chemicals reported sales of $2.19 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 0.5%. The firm is expected to report its next earnings report on Wednesday, April 22nd.
According to Zacks, analysts expect that Air Products & Chemicals will report full-year sales of $9.25 billion for the current year, with estimates ranging from $9.00 billion to $9.41 billion. For the next fiscal year, analysts anticipate that the company will post sales of $9.74 billion, with estimates ranging from $9.39 billion to $10.22 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Air Products & Chemicals.
Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 24th. The basic materials company reported $2.14 EPS for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.06. Air Products & Chemicals had a return on equity of 16.20% and a net margin of 21.10%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the business earned $1.86 EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year.
A number of research analysts have commented on APD shares. Zacks Investment Research downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating and set a $243.00 target price on the stock. in a research note on Friday, January 3rd. Deutsche Bank boosted their price target on Air Products & Chemicals from $260.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Morgan Stanley raised Air Products & Chemicals from an “equal weight” rating to an “overweight” rating and set a $280.00 price objective for the company in a research report on Monday. Atlantic Securities assumed coverage on Air Products & Chemicals in a research report on Monday, November 18th. They set a “neutral” rating and a $250.00 price objective for the company. Finally, UBS Group cut their price target on Air Products & Chemicals from $232.00 to $230.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Twelve equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Air Products & Chemicals currently has an average rating of “Hold” and an average target price of $247.83.
In other news, Director Edward L. Monser bought 200 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $237.60 per share, for a total transaction of $47,520.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.35% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Simon Quick Advisors LLC bought a new position in shares of Air Products & Chemicals during the 4th quarter valued at approximately $33,000. TI Trust Inc. purchased a new stake in shares of Air Products & Chemicals during the 4th quarter valued at $36,000. Usca Ria LLC purchased a new stake in shares of Air Products & Chemicals during the 3rd quarter valued at $43,000. Price Wealth LLC bought a new position in shares of Air Products & Chemicals during the 4th quarter valued at $49,000. Finally, Regal Wealth Group Inc. grew its holdings in shares of Air Products & Chemicals by 89.1% during the 3rd quarter. Regal Wealth Group Inc. now owns 331 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 156 shares during the last quarter. Hedge funds and other institutional investors own 83.71% of the company’s stock.
Shares of NYSE APD traded up $1.13 during mid-day trading on Tuesday, reaching $256.01. The company had a trading volume of 650,821 shares, compared to its average volume of 1,210,888. The company has a current ratio of 2.59, a quick ratio of 2.37 and a debt-to-equity ratio of 0.27. The stock has a market cap of $55.55 billion, a PE ratio of 30.08, a P/E/G ratio of 2.04 and a beta of 0.86. The company has a 50-day moving average price of $238.42 and a two-hundred day moving average price of $228.40. Air Products & Chemicals has a 1-year low of $172.99 and a 1-year high of $256.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be paid a $1.34 dividend. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.16. The ex-dividend date is Tuesday, March 31st. This represents a $5.36 annualized dividend and a dividend yield of 2.09%. Air Products & Chemicals’s payout ratio is currently 56.52%.
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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