Air Products and Chemicals (APD) to Release Quarterly Earnings on Tuesday

Air Products and Chemicals (NYSE:APD) is scheduled to announce its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $2.73 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.00 by ($0.18). Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the business posted $2.64 earnings per share. Air Products and Chemicals’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, analysts expect Air Products and Chemicals to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

Air Products and Chemicals Price Performance

NYSE APD opened at $236.08 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.58 and a current ratio of 1.81. The firm’s 50 day moving average price is $237.14 and its 200-day moving average price is $255.60. Air Products and Chemicals has a 52-week low of $212.24 and a 52-week high of $307.71. The company has a market cap of $52.48 billion, a PE ratio of 22.53, a P/E/G ratio of 2.59 and a beta of 0.81.

Wall Street Analyst Weigh In

APD has been the subject of a number of analyst reports. Seaport Res Ptn cut shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 6th. TD Cowen decreased their target price on shares of Air Products and Chemicals from $345.00 to $305.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. Wells Fargo & Company cut shares of Air Products and Chemicals from an “overweight” rating to an “equal weight” rating in a research report on Monday, February 5th. Bank of America raised shares of Air Products and Chemicals from a “neutral” rating to a “buy” rating and set a $264.00 target price for the company in a research report on Thursday, February 15th. Finally, Barclays decreased their target price on shares of Air Products and Chemicals from $260.00 to $245.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $276.36.

Air Products and Chemicals Company Profile

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.