Air Products & Chemicals (NYSE:APD) Posts Quarterly Earnings Results

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), 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 & 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 for Air Products & Chemicals (NYSE:APD)

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