Air Products & Chemicals (APD) Updates FY18 Earnings Guidance

Air Products & Chemicals (NYSE:APD) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $7.25-7.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.36. Air Products & Chemicals also updated its Q3 guidance to $1.80-1.85 EPS.

Shares of NYSE APD traded down $0.70 during mid-day trading on Thursday, hitting $164.87. 553,633 shares of the stock were exchanged, compared to its average volume of 1,114,729. The firm has a market cap of $35,906.05, a price-to-earnings ratio of 26.13, a PEG ratio of 1.37 and a beta of 1.22. The company has a current ratio of 2.92, a quick ratio of 2.73 and a debt-to-equity ratio of 0.33. Air Products & Chemicals has a twelve month low of $137.72 and a twelve month high of $175.17.

Air Products & Chemicals (NYSE:APD) last posted its quarterly earnings data on Friday, January 26th. The basic materials company reported $1.79 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.13. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.12 billion. Air Products & Chemicals had a net margin of 33.51% and a return on equity of 14.80%. The company’s revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the business posted $1.47 earnings per share. analysts forecast that Air Products & Chemicals will post 7.32 earnings per share for the current year.



Several analysts have recently weighed in on APD shares. Citigroup raised their price objective on shares of Air Products & Chemicals from $200.00 to $210.00 and gave the stock a buy rating in a report on Tuesday, January 30th. Seaport Global Securities reaffirmed a buy rating and set a $185.00 price objective on shares of Air Products & Chemicals in a report on Monday, January 29th. Jefferies Group reaffirmed a buy rating and set a $195.00 price objective on shares of Air Products & Chemicals in a report on Monday, January 29th. Credit Suisse Group set a $181.00 price objective on shares of Air Products & Chemicals and gave the stock a buy rating in a report on Monday, January 29th. Finally, Monness Crespi & Hardt raised their price objective on shares of Air Products & Chemicals from $180.00 to $190.00 and gave the stock a buy rating in a report on Monday, January 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Air Products & Chemicals presently has a consensus rating of Buy and an average price target of $178.65.

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About Air Products & Chemicals

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, electronics and performance materials, 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 metals, glass, chemical processing, electronics, energy production and refining, food processing, metallurgical, medical, and general manufacturing.

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

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