Air Products & Chemicals, Inc. Expected to Post Q1 2019 Earnings of $1.86 Per Share (APD)

Air Products & Chemicals, Inc. (NYSE:APD) – Analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for Air Products & Chemicals in a report issued on Wednesday, November 7th. Jefferies Financial Group analyst L. Alexander forecasts that the basic materials company will post earnings per share of $1.86 for the quarter. Jefferies Financial Group also issued estimates for Air Products & Chemicals’ Q3 2019 earnings at $2.11 EPS, Q4 2019 earnings at $2.15 EPS, FY2019 earnings at $8.25 EPS, Q1 2020 earnings at $2.02 EPS, Q2 2020 earnings at $2.55 EPS, Q3 2020 earnings at $2.28 EPS, Q4 2020 earnings at $3.05 EPS and FY2020 earnings at $9.90 EPS.

Air Products & Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, beating the Zacks’ 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 period in the prior year, the company earned $1.76 EPS. Air Products & Chemicals’s revenue was up 4.3% on a year-over-year basis.

A number of other brokerages also recently weighed in on APD. Sanford C. Bernstein began coverage on shares of Air Products & Chemicals in a report on Monday, September 24th. They issued an “outperform” rating and a $202.00 price target for the company. BNP Paribas began coverage on shares of Air Products & Chemicals in a report on Tuesday, October 2nd. They issued an “outperform” rating for the company. ValuEngine raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Thursday, October 4th. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, Vertical Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $188.07.

Shares of NYSE APD opened at $160.98 on Thursday. Air Products & Chemicals has a twelve month low of $148.44 and a twelve month high of $175.17. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 2.24. The stock has a market capitalization of $34.66 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 1.45 and a beta of 1.08.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Commonwealth Bank of Australia raised its holdings in Air Products & Chemicals by 12.8% during the 3rd quarter. Commonwealth Bank of Australia now owns 18,517 shares of the basic materials company’s stock worth $3,086,000 after buying an additional 2,100 shares during the period. Doyle Wealth Management acquired a new stake in Air Products & Chemicals during the 3rd quarter worth about $219,000. MML Investors Services LLC raised its holdings in Air Products & Chemicals by 50.0% during the 3rd quarter. MML Investors Services LLC now owns 7,964 shares of the basic materials company’s stock worth $1,330,000 after buying an additional 2,655 shares during the period. Brasada Capital Management LP increased its holdings in shares of Air Products & Chemicals by 12.5% in the 3rd quarter. Brasada Capital Management LP now owns 4,500 shares of the basic materials company’s stock valued at $752,000 after purchasing an additional 500 shares during the period. Finally, Motco increased its holdings in shares of Air Products & Chemicals by 2.1% in the 3rd quarter. Motco now owns 24,940 shares of the basic materials company’s stock valued at $4,166,000 after purchasing an additional 506 shares during the period. Hedge funds and other institutional investors own 86.19% of the company’s stock.

Air Products & Chemicals Company Profile

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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