Air Products & Chemicals (APD) Updates Q3 2019 Earnings Guidance

Air Products & Chemicals (NYSE:APD) issued an update on its third quarter 2019 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.10-2.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.19. Air Products & Chemicals also updated its FY 2019 guidance to $8.15-8.30 EPS.

Air Products & Chemicals stock opened at $196.67 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.03 and a current ratio of 2.21. The firm has a market cap of $43.00 billion, a PE ratio of 26.40, a P/E/G ratio of 1.86 and a beta of 0.82. Air Products & Chemicals has a fifty-two week low of $148.44 and a fifty-two week high of $198.66.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 25th. The basic materials company reported $1.86 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by ($0.01). The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Air Products & Chemicals had a net margin of 18.92% and a return on equity of 15.13%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter last year, the business posted $1.79 EPS. As a group, equities analysts forecast that Air Products & Chemicals will post 8.18 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Monday, April 1st will be given a dividend of $1.16 per share. The ex-dividend date is Friday, March 29th. This represents a $4.64 annualized dividend and a dividend yield of 2.36%. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.10. Air Products & Chemicals’s dividend payout ratio (DPR) is 62.28%.

APD has been the topic of several research reports. Zacks Investment Research upgraded shares of Air Products & Chemicals from a hold rating to a buy rating and set a $179.00 price objective on the stock in a research report on Tuesday, January 8th. BMO Capital Markets raised their price objective on shares of Air Products & Chemicals from $200.00 to $215.00 and gave the company an outperform rating in a research report on Tuesday, April 9th. Credit Suisse Group raised their price objective on shares of Air Products & Chemicals from $188.00 to $200.00 and gave the company an outperform rating in a research report on Thursday, March 7th. KeyCorp raised their price objective on shares of Air Products & Chemicals from $195.00 to $220.00 and gave the company an overweight rating in a research report on Friday, April 12th. Finally, Bank of America cut shares of Air Products & Chemicals from a neutral rating to an underperform rating and set a $170.00 price objective on the stock. in a research report on Tuesday, January 8th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. Air Products & Chemicals currently has a consensus rating of Buy and a consensus price target of $196.40.

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Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 refining, chemical, gasification, metals, electronics, manufacturing, food and beverage, magnetic resonance imaging, energy production and refining, and metals.

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

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