Air Products & Chemicals (APD) Releases FY 2019 Earnings Guidance

Air Products & Chemicals (NYSE:APD) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $8.05-8.30 for the period, compared to the Thomson Reuters consensus estimate of $7.44. Air Products & Chemicals also updated its FY19 guidance to $8.05-8.30 EPS.

NYSE APD traded up $0.25 during mid-day trading on Thursday, hitting $161.23. The company’s stock had a trading volume of 53,913 shares, compared to its average volume of 1,361,009. Air Products & Chemicals has a 52-week low of $148.44 and a 52-week high of $175.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.24 and a current ratio of 2.17. The firm has a market capitalization of $34.66 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 1.45 and a beta of 1.08.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.01. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company earned $1.76 earnings per share. Air Products & Chemicals’s revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts forecast that Air Products & Chemicals will post 8.16 EPS for the current fiscal year.

Several analysts have issued reports on APD shares. Zacks Investment Research downgraded shares of Air Products & Chemicals from a buy rating to a hold rating in a research report on Monday, October 1st. ValuEngine raised shares of Air Products & Chemicals from a hold rating to a buy rating in a research report on Thursday, October 4th. BNP Paribas started coverage on shares of Air Products & Chemicals in a research report on Tuesday, October 2nd. They issued an outperform rating for the company. Vertical Research raised shares of Air Products & Chemicals from a hold rating to a buy rating in a research report on Wednesday, August 29th. Finally, BMO Capital Markets reaffirmed a buy rating and issued a $197.00 price objective (up previously from $195.00) on shares of Air Products & Chemicals in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $187.93.

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About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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Earnings History and Estimates for Air Products & Chemicals (NYSE:APD)

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