Air Products and Chemicals, Inc. (NYSE:APD) Updates FY18 Earnings Guidance

Air Products and Chemicals, Inc. (NYSE:APD) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $6.85-7.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.91. Air Products and Chemicals also updated its Q1 guidance to $1.60-1.70 EPS.

A number of brokerages have recently weighed in on APD. KeyCorp reiterated a buy rating and set a $161.00 target price on shares of Air Products and Chemicals in a research note on Friday, September 8th. Vertical Research reissued a hold rating and set a $148.00 price target (up previously from $146.00) on shares of Air Products and Chemicals in a research report on Tuesday, September 12th. Deutsche Bank AG increased their price target on Air Products and Chemicals from $160.00 to $168.00 and gave the stock a hold rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc raised their target price on Air Products and Chemicals and gave the company a positive rating in a report on Tuesday. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $155.00 target price on shares of Air Products and Chemicals in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Air Products and Chemicals currently has an average rating of Hold and an average target price of $164.13.

Shares of Air Products and Chemicals, Inc. (NYSE APD) traded down $0.25 on Friday, hitting $160.30. The stock had a trading volume of 585,200 shares, compared to its average volume of 1,329,753. The firm has a market cap of $34,993.06, a P/E ratio of 25.44, a PEG ratio of 1.89 and a beta of 1.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.23 and a current ratio of 2.36. Air Products and Chemicals, Inc. has a 12 month low of $133.63 and a 12 month high of $162.86.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings results on Thursday, October 26th. The basic materials company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.08. Air Products and Chemicals had a return on equity of 15.25% and a net margin of 36.65%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the business earned $2.01 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis. equities research analysts predict that Air Products and Chemicals, Inc. will post 7 earnings per share for the current fiscal year.

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Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

Earnings History and Estimates for Air Products and Chemicals (NYSE:APD)

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