Air Products & Chemicals (NYSE:APD) Updates FY20 Earnings Guidance

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Air Products & Chemicals (NYSE:APD) issued an update on its FY20 earnings guidance on Friday morning. The company provided earnings per share guidance of $9.35-9.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.44. Air Products & Chemicals also updated its FY 2020
Pre-Market guidance to 9.35-9.60 EPS.

NYSE:APD opened at $237.29 on Friday. The stock has a market cap of $52.48 billion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 2.04 and a beta of 0.85. The company has a current ratio of 2.54, a quick ratio of 2.32 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average is $233.18 and its 200-day moving average is $226.49. Air Products & Chemicals has a 1-year low of $154.78 and a 1-year high of $241.90.

Air Products & Chemicals (NYSE:APD) last released its quarterly earnings results on Friday, January 24th. The basic materials company reported $2.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.06. The company had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Air Products & Chemicals had a return on equity of 15.88% and a net margin of 19.73%. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 earnings per share. As a group, equities analysts forecast that Air Products & Chemicals will post 9.47 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Wednesday, April 1st will be issued a dividend of $1.34 per share. This is a boost from Air Products & Chemicals’s previous quarterly dividend of $1.16. This represents a $5.36 annualized dividend and a dividend yield of 2.26%. Air Products & Chemicals’s payout ratio is 56.52%.

Several analysts have recently weighed in on APD shares. Deutsche Bank boosted their price target on Air Products & Chemicals from $250.00 to $260.00 and gave the stock a buy rating in a report on Friday, November 8th. They noted that the move was a valuation call. Atlantic Securities started coverage on Air Products & Chemicals in a report on Monday, November 18th. They set a neutral rating and a $250.00 price target on the stock. UBS Group reduced their price target on Air Products & Chemicals from $232.00 to $230.00 and set a neutral rating on the stock in a report on Friday, November 8th. Barclays lifted their price objective on Air Products & Chemicals from $260.00 to $270.00 and gave the stock an overweight rating in a research note on Wednesday, November 13th. Finally, Berenberg Bank assumed coverage on Air Products & Chemicals in a research note on Tuesday, November 26th. They issued a hold rating and a $241.00 price objective on the stock. Thirteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $240.76.

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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