Air Products and Chemicals (APD) to Release Earnings on Thursday

Air Products and Chemicals (NYSE:APD) will be posting its quarterly earnings results before the market opens on Thursday, November 7th. Analysts expect Air Products and Chemicals to post earnings of $3.47 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Air Products and Chemicals (NYSE:APD) last posted its earnings results on Thursday, August 1st. The basic materials company reported $3.20 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.16. Air Products and Chemicals had a return on equity of 16.53% and a net margin of 21.24%. The firm had revenue of $2.99 billion during the quarter, compared to analyst estimates of $3.04 billion. 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 Stock Down 0.8 %

APD opened at $312.93 on Thursday. The business has a 50 day moving average price of $297.06 and a 200 day moving average price of $273.43. Air Products and Chemicals has a twelve month low of $212.24 and a twelve month high of $332.42. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.27. The firm has a market cap of $69.57 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 3.87 and a beta of 0.82.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on APD shares. StockNews.com upgraded Air Products and Chemicals from a “sell” rating to a “hold” rating in a report on Monday, September 23rd. Jefferies Financial Group upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and upped their price target for the stock from $295.00 to $364.00 in a report on Monday, October 7th. The Goldman Sachs Group upped their price target on Air Products and Chemicals from $291.00 to $330.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Citigroup upped their price target on Air Products and Chemicals from $330.00 to $345.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a “buy” rating to a “hold” rating and cut their price target for the stock from $310.00 to $280.00 in a report on Monday, July 22nd. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.12.

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.