Air Products & Chemicals (NYSE:APD) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Air Products & Chemicals (NYSE:APD) announced its quarterly earnings results on Thursday. The basic materials company reported $2.27 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.02), Briefing.com reports. The company had revenue of $2.30 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Air Products & Chemicals had a net margin of 19.14% and a return on equity of 15.42%. Air Products & Chemicals’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.00 earnings per share. Air Products & Chemicals updated its Q1 guidance to $2.05-$2.10 EPS and its FY20 guidance to $9.35-$9.60 EPS.

NYSE:APD traded up $6.29 during trading hours on Friday, hitting $233.87. 1,809,915 shares of the company’s stock traded hands, compared to its average volume of 1,085,902. The firm has a market cap of $47.72 billion, a P/E ratio of 31.39, a P/E/G ratio of 1.91 and a beta of 0.84. Air Products & Chemicals has a 52 week low of $149.64 and a 52 week high of $234.61. The business’s fifty day simple moving average is $216.25 and its two-hundred day simple moving average is $218.23. The company has a quick ratio of 2.09, a current ratio of 2.28 and a debt-to-equity ratio of 0.28.

Several brokerages have recently weighed in on APD. Barclays lifted their price target on Air Products & Chemicals from $220.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Susquehanna Bancshares reiterated a “neutral” rating on shares of Air Products & Chemicals in a research report on Monday, August 19th. UBS Group reiterated a “hold” rating and issued a $230.00 price target on shares of Air Products & Chemicals in a research report on Friday. Monness Crespi & Hardt reiterated a “buy” rating and issued a $254.00 price target (up from $214.00) on shares of Air Products & Chemicals in a research report on Friday, July 26th. Finally, Morgan Stanley lifted their price target on Air Products & Chemicals from $168.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Eleven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $238.47.

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 for Air Products & Chemicals (NYSE:APD)

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