Zacks: Brokerages Expect Air Products & Chemicals, Inc. (NYSE:APD) Will Post Earnings of $2.08 Per Share

Equities analysts expect that Air Products & Chemicals, Inc. (NYSE:APD) will announce earnings of $2.08 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Air Products & Chemicals’ earnings. The lowest EPS estimate is $2.06 and the highest is $2.10. Air Products & Chemicals posted earnings of $1.86 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.8%. The firm is scheduled to announce its next earnings results on Friday, January 24th.

On average, analysts expect that Air Products & Chemicals will report full-year earnings of $9.48 per share for the current financial year, with EPS estimates ranging from $9.35 to $9.55. For the next fiscal year, analysts forecast that the business will report earnings of $10.64 per share, with EPS estimates ranging from $10.20 to $10.90. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Air Products & Chemicals.

Air Products & Chemicals (NYSE:APD) last released its earnings results on Thursday, November 7th. The basic materials company reported $2.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02). Air Products & Chemicals had a net margin of 19.73% and a return on equity of 15.88%. The business had revenue of $2.30 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter last year, the company posted $2.00 earnings per share. The business’s quarterly revenue was up .1% compared to the same quarter last year.

A number of research analysts have commented on the stock. BMO Capital Markets increased their price objective on shares of Air Products & Chemicals from $235.00 to $252.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Atlantic Securities assumed coverage on shares of Air Products & Chemicals in a research report on Monday, November 18th. They issued a “neutral” rating and a $250.00 target price for the company. ValuEngine downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Morgan Stanley upped their target price on shares of Air Products & Chemicals from $168.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Finally, Susquehanna Bancshares reaffirmed a “neutral” rating on shares of Air Products & Chemicals in a research report on Monday, August 19th. Thirteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Air Products & Chemicals has an average rating of “Hold” and a consensus target price of $239.88.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Resources Management Corp CT ADV bought a new position in shares of Air Products & Chemicals during the third quarter valued at approximately $1,064,000. Maverick Capital Ltd. raised its position in shares of Air Products & Chemicals by 66.4% during the 3rd quarter. Maverick Capital Ltd. now owns 27,242 shares of the basic materials company’s stock worth $6,044,000 after purchasing an additional 10,872 shares during the period. Metropolitan Life Insurance Co NY lifted its holdings in shares of Air Products & Chemicals by 5.2% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 34,304 shares of the basic materials company’s stock worth $7,611,000 after purchasing an additional 1,696 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Air Products & Chemicals by 146.1% in the 3rd quarter. Millennium Management LLC now owns 63,750 shares of the basic materials company’s stock worth $14,143,000 after purchasing an additional 37,842 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Air Products & Chemicals in the 3rd quarter worth approximately $1,267,000. Hedge funds and other institutional investors own 83.74% of the company’s stock.

Shares of NYSE:APD traded up $1.57 during midday trading on Tuesday, reaching $232.03. The company had a trading volume of 628,773 shares, compared to its average volume of 1,039,905. The stock has a market capitalization of $50.80 billion, a P/E ratio of 28.26, a PEG ratio of 1.98 and a beta of 0.85. The stock’s fifty day moving average price is $226.53 and its 200-day moving average price is $222.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.54 and a quick ratio of 2.32. Air Products & Chemicals has a one year low of $149.64 and a one year high of $241.90.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.00%. Air Products & Chemicals’s dividend payout ratio (DPR) is 56.52%.

About Air Products & Chemicals

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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