Air Products and Chemicals Inc. (APD) Updates Q4 Earnings Guidance
Air Products and Chemicals Inc. (NYSE:APD) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $1.91-2.01 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.98.
Air Products and Chemicals Inc. (NYSE:APD) opened at 150.58 on Tuesday. The company has a 50 day moving average price of $151.88 and a 200-day moving average price of $144.84. Air Products and Chemicals Inc. has a 12-month low of $114.64 and a 12-month high of $157.51. The company has a market capitalization of $32.61 billion, a PE ratio of 56.33 and a beta of 1.19.
Air Products and Chemicals (NYSE:APD) last posted its quarterly earnings data on Thursday, July 28th. The company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.02. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Air Products and Chemicals had a return on equity of 22.00% and a net margin of 6.12%. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 EPS. On average, analysts anticipate that Air Products and Chemicals Inc. will post $7.51 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.28%. Air Products and Chemicals’s payout ratio is 128.84%.
Several research analysts have weighed in on APD shares. Zacks Investment Research upgraded Air Products and Chemicals from a hold rating to a buy rating and set a $167.00 price objective on the stock in a research report on Monday, August 1st. Seaport Global Securities upgraded Air Products and Chemicals from an accumulate rating to a buy rating and set a $165.00 price objective on the stock in a research report on Monday, July 11th. Credit Suisse Group AG set a $163.00 target price on Air Products and Chemicals and gave the stock a buy rating in a report on Monday. Morgan Stanley reissued a hold rating on shares of Air Products and Chemicals in a report on Thursday, June 16th. Finally, Citigroup Inc. reissued a hold rating on shares of Air Products and Chemicals in a report on Sunday, July 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. Air Products and Chemicals currently has an average rating of Hold and a consensus price target of $152.79.
In other news, insider Russell A. Flugel sold 2,050 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $151.54, for a total transaction of $310,657.00. Following the completion of the transaction, the insider now directly owns 3,131 shares in the company, valued at $474,471.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John D. Stanley sold 8,720 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $150.00, for a total value of $1,308,000.00. Following the transaction, the senior vice president now owns 25,152 shares of the company’s stock, valued at $3,772,800. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.
About Air Products and Chemicals
Air Products and Chemicals Inc is an industrial gases company, which offers atmospheric gases, process and specialty gases, electronics and performance materials, equipment and services. The Company’s segments include Industrial Gases–Americas; Industrial Gases – EMEA (Europe, Middle East, and Africa); Industrial Gases–Asia; Industrial Gases–Global; Materials Technologies; Energy-from-Waste, and Corporate and other.
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