Equities Analysts Offer Predictions for Air Products & Chemicals, Inc.’s Q3 2019 Earnings (APD)

Air Products & Chemicals, Inc. (NYSE:APD) – Equities researchers at KeyCorp issued their Q3 2019 earnings per share estimates for Air Products & Chemicals in a research report issued on Tuesday, November 6th. KeyCorp analyst M. Sison anticipates that the basic materials company will post earnings of $2.19 per share for the quarter. KeyCorp also issued estimates for Air Products & Chemicals’ Q4 2019 earnings at $2.25 EPS.

A number of other research firms have also recently commented on APD. Credit Suisse Group upped their price objective on Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research report on Friday, July 27th. BNP Paribas initiated coverage on Air Products & Chemicals in a research report on Tuesday, October 2nd. They set an “outperform” rating for the company. Zacks Investment Research cut Air Products & Chemicals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine cut Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, Vertical Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $187.64.

Air Products & Chemicals stock opened at $159.90 on Friday. The firm has a market cap of $35.30 billion, a P/E ratio of 21.46, a PEG ratio of 1.47 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 one year low of $148.44 and a one year high of $175.17.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.01. The company 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%. Air Products & Chemicals’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.76 earnings per share.

Large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its stake in shares of Air Products & Chemicals by 1.1% in the second quarter. Bank of America Corp DE now owns 7,224,475 shares of the basic materials company’s stock worth $1,125,067,000 after acquiring an additional 75,105 shares during the period. FMR LLC boosted its stake in shares of Air Products & Chemicals by 52.8% in the second quarter. FMR LLC now owns 4,457,144 shares of the basic materials company’s stock worth $694,111,000 after acquiring an additional 1,540,875 shares during the period. Findlay Park Partners LLP boosted its stake in shares of Air Products & Chemicals by 6.7% in the second quarter. Findlay Park Partners LLP now owns 3,200,000 shares of the basic materials company’s stock worth $498,336,000 after acquiring an additional 200,000 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Air Products & Chemicals by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 3,148,186 shares of the basic materials company’s stock worth $490,265,000 after acquiring an additional 68,094 shares during the period. Finally, Luminus Management LLC boosted its stake in shares of Air Products & Chemicals by 14.3% in the second quarter. Luminus Management LLC now owns 1,925,589 shares of the basic materials company’s stock worth $299,872,000 after acquiring an additional 240,918 shares during the period. 86.19% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: Diversification in Investing

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

Receive News & Ratings for Air Products & Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Air Products & Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply