Air Products & Chemicals (NYSE:APD) posted its earnings results on Thursday. The basic materials company reported $2.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.02), Briefing.com reports. The company had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.37 billion. Air Products & Chemicals had a return on equity of 15.42% and a net margin of 19.14%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 EPS. Air Products & Chemicals updated its Q1 guidance to $2.05-$2.10 EPS and its FY20 guidance to $9.35-$9.60 EPS.
Shares of APD stock opened at $233.87 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 2.28. Air Products & Chemicals has a 52-week low of $149.64 and a 52-week high of $234.61. The company has a market capitalization of $47.72 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 1.91 and a beta of 0.84. The business’s fifty day moving average is $216.25 and its 200 day moving average is $218.23.
Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Air Products & Chemicals from a “sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research report on Thursday, October 31st. BMO Capital Markets increased their target price on Air Products & Chemicals from $235.00 to $252.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Monness Crespi & Hardt restated a “buy” rating and set a $254.00 target price (up previously from $214.00) on shares of Air Products & Chemicals in a research report on Friday, July 26th. ValuEngine downgraded Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, UBS Group restated a “hold” rating and set a $230.00 target price on shares of Air Products & Chemicals in a research report on Friday. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Air Products & Chemicals currently has a consensus rating of “Hold” and an average price target of $238.47.
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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