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

Air Products and Chemicals (NYSE:APD) will likely be announcing its earnings results after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $3.13 per share and revenue of $2.96 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Air Products and Chemicals Trading Up 0.1 %

Shares of APD stock opened at $327.45 on Thursday. The company has a market cap of $72.82 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 3.16 and a beta of 0.84. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $337.00. The stock’s 50 day simple moving average is $310.10 and its two-hundred day simple moving average is $298.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Tuesday, April 1st will be issued a dividend of $1.79 per share. This represents a $7.16 annualized dividend and a yield of 2.19%. The ex-dividend date is Tuesday, April 1st. This is a positive change from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio is presently 41.68%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Redburn Atlantic raised shares of Air Products and Chemicals from a “sell” rating to a “neutral” rating and set a $330.00 price objective for the company in a research note on Friday, October 25th. BMO Capital Markets increased their price objective on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. dropped their target price on Air Products and Chemicals from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Vertical Research upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating and set a $336.00 price target on the stock in a report on Monday, October 7th. Finally, Mizuho boosted their price objective on Air Products and Chemicals from $308.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Air Products and Chemicals currently has a consensus rating of “Moderate Buy” and an average target price of $338.47.

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.