FY2025 EPS Estimates for Air Products and Chemicals, Inc. Reduced by Seaport Res Ptn (NYSE:APD)

Air Products and Chemicals, Inc. (NYSE:APD) – Research analysts at Seaport Res Ptn lowered their FY2025 EPS estimates for Air Products and Chemicals in a report released on Wednesday, April 17th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings per share of $13.38 for the year, down from their previous forecast of $13.45. Seaport Res Ptn has a “Neutral” rating on the stock. The consensus estimate for Air Products and Chemicals’ current full-year earnings is $12.38 per share.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Monday, February 5th. The basic materials company reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $3.20 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.64 EPS.

A number of other research firms have also recently weighed in on APD. TheStreet cut shares of Air Products and Chemicals from a “b” rating to a “c+” rating in a report on Monday, February 5th. Wolfe Research started coverage on Air Products and Chemicals in a research report on Friday, March 1st. They issued an “outperform” rating and a $279.00 target price for the company. Bank of America raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 price objective on the stock in a research report on Thursday, February 15th. UBS Group lowered Air Products and Chemicals from a “buy” rating to a “neutral” rating and dropped their target price for the company from $328.00 to $241.00 in a report on Thursday, February 8th. Finally, StockNews.com downgraded shares of Air Products and Chemicals from a “hold” rating to a “sell” rating in a research report on Sunday, April 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $276.36.

Air Products and Chemicals Price Performance

Shares of NYSE APD opened at $231.64 on Friday. The stock’s 50-day simple moving average is $235.88 and its 200-day simple moving average is $257.30. The firm has a market capitalization of $51.49 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.56 and a beta of 0.81. Air Products and Chemicals has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81.

Air Products and Chemicals Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 13th. Investors of record on Monday, April 1st will be given a $1.77 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.75. This represents a $7.08 annualized dividend and a dividend yield of 3.06%. Air Products and Chemicals’s payout ratio is currently 67.56%.

Institutional Trading of Air Products and Chemicals

Several institutional investors and hedge funds have recently modified their holdings of APD. Garner Asset Management Corp purchased a new stake in Air Products and Chemicals in the 4th quarter valued at approximately $25,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Air Products and Chemicals in the fourth quarter worth $27,000. Roble Belko & Company Inc purchased a new stake in shares of Air Products and Chemicals in the fourth quarter valued at $27,000. Sachetta LLC acquired a new stake in shares of Air Products and Chemicals during the fourth quarter valued at $27,000. Finally, Security National Bank purchased a new stake in Air Products and Chemicals during the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 81.66% of the company’s stock.

About Air Products and Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.