Zacks: Brokerages Anticipate Air Products & Chemicals (APD) Will Post Earnings of $1.68 Per Share

Brokerages expect Air Products & Chemicals (NYSE:APD) to announce $1.68 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Air Products & Chemicals’ earnings, with the highest EPS estimate coming in at $1.70 and the lowest estimate coming in at $1.67. Air Products & Chemicals posted earnings of $1.43 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.5%. The business is scheduled to issue its next earnings results before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that Air Products & Chemicals will report full-year earnings of $7.32 per share for the current fiscal year, with EPS estimates ranging from $7.25 to $7.40. For the next fiscal year, analysts forecast that the company will report earnings of $7.97 per share, with EPS estimates ranging from $7.74 to $8.13. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Air Products & Chemicals.

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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, beating analysts’ consensus estimates of $1.66 by $0.13. Air Products & Chemicals had a return on equity of 14.80% and a net margin of 33.51%. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the company posted $1.47 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year.

A number of analysts recently commented on APD shares. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $192.00 target price for the company in a research report on Monday, March 12th. BMO Capital Markets started coverage on Air Products & Chemicals in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $195.00 target price for the company. JPMorgan Chase raised Air Products & Chemicals from a “neutral” rating to an “overweight” rating in a research report on Friday, February 9th. Seaport Global Securities reaffirmed a “buy” rating and issued a $185.00 target price on shares of Air Products & Chemicals in a research report on Monday, January 29th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $195.00 target price on shares of Air Products & Chemicals in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $178.65.

Several hedge funds and other institutional investors have recently made changes to their positions in APD. BlackRock Inc. boosted its stake in shares of Air Products & Chemicals by 5.8% in the 4th quarter. BlackRock Inc. now owns 17,544,664 shares of the basic materials company’s stock worth $2,878,729,000 after buying an additional 964,497 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Air Products & Chemicals by 239.8% in the 3rd quarter. Prudential Financial Inc. now owns 1,071,131 shares of the basic materials company’s stock worth $161,977,000 after buying an additional 755,930 shares during the last quarter. Luminus Management LLC boosted its stake in shares of Air Products & Chemicals by 67.4% in the 4th quarter. Luminus Management LLC now owns 1,077,723 shares of the basic materials company’s stock worth $176,832,000 after buying an additional 433,873 shares during the last quarter. State of Tennessee Treasury Department boosted its stake in shares of Air Products & Chemicals by 589.8% in the 4th quarter. State of Tennessee Treasury Department now owns 408,684 shares of the basic materials company’s stock worth $67,056,000 after buying an additional 349,440 shares during the last quarter. Finally, Virtus Fund Advisers LLC boosted its stake in shares of Air Products & Chemicals by 84.1% in the 4th quarter. Virtus Fund Advisers LLC now owns 619,941 shares of the basic materials company’s stock worth $102,305,000 after buying an additional 283,241 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.

Air Products & Chemicals stock traded down $0.07 during midday trading on Friday, reaching $162.97. The stock had a trading volume of 570,299 shares, compared to its average volume of 954,487. Air Products & Chemicals has a 12 month low of $134.42 and a 12 month high of $175.17. The firm has a market capitalization of $35,695.86, a price-to-earnings ratio of 25.83, a PEG ratio of 1.37 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.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Stockholders of record on Monday, April 2nd will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Thursday, March 29th. This is an increase from Air Products & Chemicals’s previous quarterly dividend of $0.95. Air Products & Chemicals’s payout ratio is presently 69.73%.

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About Air Products & Chemicals

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.

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

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