Research Analysts Issue Forecasts for Air Products & Chemicals, Inc.’s Q1 2019 Earnings (APD)

Air Products & Chemicals, Inc. (NYSE:APD) – Analysts at KeyCorp issued their Q1 2019 earnings per share estimates for shares of Air Products & Chemicals in a research report issued to clients and investors on Tuesday, November 6th. KeyCorp analyst M. Sison expects that the basic materials company will earn $1.87 per share for the quarter. KeyCorp also issued estimates for Air Products & Chemicals’ Q2 2019 earnings at $1.84 EPS and FY2019 earnings at $8.15 EPS.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.99 by $0.01. The business had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Air Products & Chemicals had a return on equity of 15.30% and a net margin of 16.77%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 EPS.

Other equities research analysts have also issued reports about the company. BMO Capital Markets set a $200.00 price objective on Air Products & Chemicals and gave the company a “buy” rating in a research note on Thursday. Zacks Investment Research lowered Air Products & Chemicals from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Susquehanna Bancshares raised their price objective on Air Products & Chemicals from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Wednesday, August 1st. Deutsche Bank raised their price objective on Air Products & Chemicals from $190.00 to $192.00 and gave the company a “buy” rating in a research note on Tuesday, August 14th. Finally, JPMorgan Chase & Co. lowered their price objective on Air Products & Chemicals from $172.00 to $170.00 and set an “overweight” rating for the company in a research note on Friday, July 27th. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Air Products & Chemicals has an average rating of “Buy” and a consensus price target of $187.93.

NYSE:APD opened at $161.25 on Thursday. The company has a market capitalization of $34.66 billion, a PE ratio of 21.22, a P/E/G ratio of 1.45 and a beta of 1.08. Air Products & Chemicals has a 1 year low of $148.44 and a 1 year 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.

Hedge funds have recently modified their holdings of the stock. Braun Bostich & Associates Inc. lifted its stake in shares of Air Products & Chemicals by 542.6% during the 2nd quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 624 shares during the last quarter. IMS Capital Management bought a new stake in shares of Air Products & Chemicals during the 2nd quarter worth approximately $146,000. NuWave Investment Management LLC lifted its stake in shares of Air Products & Chemicals by 8,770.0% during the 3rd quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock worth $148,000 after acquiring an additional 877 shares during the last quarter. Vigilant Capital Management LLC bought a new stake in shares of Air Products & Chemicals during the 2nd quarter worth approximately $158,000. Finally, Private Capital Group LLC lifted its stake in shares of Air Products & Chemicals by 52.6% during the 2nd quarter. Private Capital Group LLC now owns 1,245 shares of the basic materials company’s stock worth $195,000 after acquiring an additional 429 shares during the last quarter. 86.19% of the stock is owned by hedge funds and other institutional investors.

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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