Air Products and Chemicals (NYSE:APD) Releases FY 2026 Earnings Guidance

Air Products and Chemicals (NYSE:APD) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 12.850-13.150 for the period, compared to the consensus EPS estimate of 12.930. The company issued revenue guidance of -. Air Products and Chemicals also updated its Q2 2026 guidance to 2.950-3.100 EPS.

Air Products and Chemicals Price Performance

NYSE APD opened at $272.56 on Friday. The stock has a market capitalization of $60.67 billion, a price-to-earnings ratio of -153.12, a PEG ratio of 2.52 and a beta of 0.87. Air Products and Chemicals has a 1-year low of $229.11 and a 1-year high of $341.14. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.38 and a quick ratio of 1.20. The business’s fifty day moving average price is $254.42 and its 200-day moving average price is $268.44.

Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 30th. The basic materials company reported $3.16 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.12. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a positive return on equity of 15.18% and a negative net margin of 3.28%.Air Products and Chemicals’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.86 earnings per share. Air Products and Chemicals has set its Q2 2026 guidance at 2.950-3.100 EPS and its FY 2026 guidance at 12.850-13.150 EPS. On average, equities analysts predict that Air Products and Chemicals will post 12.69 earnings per share for the current year.

Air Products and Chemicals Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Wednesday, April 1st will be given a dividend of $1.81 per share. This represents a $7.24 annualized dividend and a yield of 2.7%. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.79. The ex-dividend date is Wednesday, April 1st. Air Products and Chemicals’s dividend payout ratio (DPR) is presently -402.25%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on APD shares. JPMorgan Chase & Co. decreased their price target on shares of Air Products and Chemicals from $275.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, November 7th. Mizuho reduced their price objective on Air Products and Chemicals from $300.00 to $290.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Air Products and Chemicals in a research report on Tuesday, December 9th. UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and cut their price target for the company from $310.00 to $250.00 in a report on Thursday, December 11th. Finally, Evercore ISI decreased their price objective on Air Products and Chemicals from $375.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.00.

Air Products and Chemicals News Summary

Here are the key news stories impacting Air Products and Chemicals this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS $3.16 vs. $3.04 expected and revenue $3.10B vs. $3.05B, with margins benefiting from lower costs and pricing. This beat is the primary driver of the rally. APD Q1 Earnings Beat on Lower Costs
• Positive Sentiment: Management maintained FY‑2026 guidance (EPS 12.85–13.15) and set Q2 guidance (2.95–3.10), signaling confidence in the business and limiting downside from the quarter. Air Products Reports Fiscal 2026 First Quarter Results
• Positive Sentiment: Corporate wins and shareholder actions: increased quarterly dividend to $1.81 (44th consecutive annual raise) and new/ongoing contracts including >$140M in NASA liquid‑hydrogen awards and progress on low‑emission ammonia deals — supportive for long‑term revenue visibility. Air Products Reports Fiscal 2026 First Quarter Results
• Neutral Sentiment: Guidance relative to consensus is mixed — the company’s FY and Q2 ranges are essentially maintained but sit near or slightly below some street estimates (e.g., consensus Q2 ~3.03; FY consensus cited ~12.93), which could cap upside until guidance traction is confirmed.
• Neutral Sentiment: Planned capital expenditures remain high (~$4.0B for FY‑2026). That supports growth projects (H2, ammonia, hydrogen infrastructure) but may constrain free cash flow near term. Air Products Reports Fiscal 2026 First Quarter Results
• Negative Sentiment: Relative performance: some coverage noted APD underperformed peers recently, a reminder of potential short‑term volatility if sector momentum fades. Air Products Underperforms Peers

Hedge Funds Weigh In On Air Products and Chemicals

Hedge funds have recently made changes to their positions in the business. MUFG Securities EMEA plc purchased a new stake in shares of Air Products and Chemicals during the second quarter worth about $185,000. Man Group plc bought a new position in Air Products and Chemicals in the 2nd quarter worth approximately $203,000. Johnson Financial Group Inc. grew its holdings in Air Products and Chemicals by 412.4% during the 3rd quarter. Johnson Financial Group Inc. now owns 784 shares of the basic materials company’s stock valued at $214,000 after buying an additional 631 shares in the last quarter. Armistice Capital LLC bought a new stake in shares of Air Products and Chemicals during the third quarter valued at approximately $226,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Air Products and Chemicals in the third quarter worth $229,000. Institutional investors own 81.66% of the company’s stock.

About Air Products and Chemicals

Air Products and Chemicals, Inc is a global supplier of industrial gases and related equipment and services, headquartered in Allentown, Pennsylvania. The company produces and delivers atmospheric gases such as oxygen, nitrogen and argon, as well as specialty and process gases used across a wide range of industrial applications. Air Products designs, builds and operates gas production facilities, merchant distribution networks and on-site gas systems for customers that require reliable, high-purity gases and integrated supply solutions.

The company’s product and service portfolio includes packaged and bulk gas supply, pipeline distribution, on-site generation, gas handling and storage equipment, and engineered systems for gas liquefaction and purification.