Air Products & Chemicals (APD) Issues FY19 Earnings Guidance

Air Products & Chemicals (NYSE:APD) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of $8.05-8.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.21. Air Products & Chemicals also updated its FY 2019 guidance to $8.05-8.30 EPS.

Shares of NYSE:APD traded up $0.27 during mid-day trading on Thursday, reaching $161.25. The stock had a trading volume of 951,096 shares, compared to its average volume of 1,060,740. The company has a market capitalization of $34.66 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.45 and a beta of 1.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.17 and a quick ratio of 2.24. Air Products & Chemicals has a twelve month low of $148.44 and a twelve month high of $175.17.

Air Products & Chemicals (NYSE:APD) last announced its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.01. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. Air Products & Chemicals’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company posted $1.76 EPS. Equities research analysts expect that Air Products & Chemicals will post 8.16 earnings per share for the current year.

APD has been the subject of a number of research reports. Citigroup increased their target price on Air Products & Chemicals from $198.00 to $200.00 and gave the stock a buy rating in a research note on Wednesday, July 11th. Deutsche Bank increased their target price on Air Products & Chemicals from $190.00 to $192.00 and gave the stock a buy rating in a research note on Tuesday, August 14th. Vertical Research raised Air Products & Chemicals from a hold rating to a buy rating in a research note on Wednesday, August 29th. BMO Capital Markets reissued a buy rating and set a $197.00 target price (up from $195.00) on shares of Air Products & Chemicals in a research note on Friday, July 27th. Finally, Credit Suisse Group increased their target price on Air Products & Chemicals from $182.00 to $188.00 and gave the stock a buy rating in a research note on Friday, July 27th. Two research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target 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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