Air Products & Chemicals, Inc. (APD) to Post Q2 2018 Earnings of $1.68 Per Share, Jefferies Group Forecasts

Air Products & Chemicals, Inc. (NYSE:APD) – Stock analysts at Jefferies Group issued their Q2 2018 EPS estimates for Air Products & Chemicals in a research note issued on Monday, according to Zacks Investment Research. Jefferies Group analyst L. Alexander forecasts that the basic materials company will earn $1.68 per share for the quarter. Jefferies Group has a “Buy” rating and a $195.00 price objective on the stock. Jefferies Group also issued estimates for Air Products & Chemicals’ Q3 2018 earnings at $1.87 EPS, Q4 2018 earnings at $2.00 EPS, FY2018 earnings at $7.35 EPS, FY2019 earnings at $8.10 EPS and FY2020 earnings at $8.95 EPS.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Friday, January 26th. The basic materials company reported $1.79 EPS for the quarter, topping the consensus estimate of $1.66 by $0.13. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.12 billion. Air Products & Chemicals had a return on equity of 14.80% and a net margin of 33.51%. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 EPS.

Several other research analysts have also commented on the company. upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday, November 13th. Argus lifted their target price on Air Products & Chemicals to $192.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. They noted that the move was a valuation call. upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. UBS Group boosted their price objective on Air Products & Chemicals from $162.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Finally, Susquehanna Bancshares boosted their price objective on Air Products & Chemicals and gave the company a “positive” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. Air Products & Chemicals has a consensus rating of “Buy” and an average price target of $178.33.

Air Products & Chemicals (NYSE APD) opened at $161.27 on Tuesday. The company has a market capitalization of $34,907.68, a P/E ratio of 12.41, a PEG ratio of 1.55 and a beta of 1.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.92 and a quick ratio of 2.73. Air Products & Chemicals has a 12-month low of $133.63 and a 12-month high of $175.17.

A number of institutional investors have recently made changes to their positions in APD. Nordea Investment Management AB raised its stake in Air Products & Chemicals by 1.3% during the 2nd quarter. Nordea Investment Management AB now owns 9,500 shares of the basic materials company’s stock valued at $1,359,000 after acquiring an additional 121 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Air Products & Chemicals by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 534,047 shares of the basic materials company’s stock worth $76,397,000 after buying an additional 14,565 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Air Products & Chemicals by 13.4% in the 2nd quarter. Voya Investment Management LLC now owns 91,151 shares of the basic materials company’s stock worth $13,040,000 after buying an additional 10,739 shares in the last quarter. First Allied Advisory Services Inc. raised its stake in shares of Air Products & Chemicals by 19.6% in the 2nd quarter. First Allied Advisory Services Inc. now owns 2,390 shares of the basic materials company’s stock worth $342,000 after buying an additional 392 shares in the last quarter. Finally, Clinton Group Inc. raised its stake in shares of Air Products & Chemicals by 10.9% in the 2nd quarter. Clinton Group Inc. now owns 7,214 shares of the basic materials company’s stock worth $1,032,000 after buying an additional 709 shares in the last quarter. 87.03% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 2nd will be paid a dividend of $1.10 per share. The ex-dividend date is Thursday, March 29th. This represents a $4.40 annualized dividend and a yield of 2.73%. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $0.95. Air Products & Chemicals’s payout ratio is presently 29.25%.

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Air Products & Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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