Air Products and Chemicals, Inc. (NYSE:APD) – SunTrust Banks reduced their Q4 2017 earnings per share estimates for Air Products and Chemicals in a note issued to investors on Monday. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will earn $1.70 per share for the quarter, down from their previous estimate of $1.72.

Air Products and Chemicals (NYSE:APD) last released its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.06. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.06 billion. Air Products and Chemicals had a net margin of 34.63% and a return on equity of 17.23%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $1.92 EPS. ILLEGAL ACTIVITY WARNING: This piece of content was reported by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/14/brokers-issue-forecasts-for-air-products-and-chemicals-inc-s-q4-2017-earnings-apd.html.

APD has been the subject of several other research reports. KeyCorp restated a “buy” rating and issued a $161.00 price target on shares of Air Products and Chemicals in a report on Friday, September 8th. Vertical Research restated a “hold” rating and issued a $148.00 price target (up previously from $146.00) on shares of Air Products and Chemicals in a report on Tuesday. Deutsche Bank AG lifted their price target on Air Products and Chemicals from $160.00 to $168.00 and gave the company a “hold” rating in a report on Wednesday, August 2nd. Susquehanna Bancshares Inc upgraded Air Products and Chemicals from a “neutral” rating to a “positive” rating in a report on Thursday. Finally, Jefferies Group LLC restated a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $153.93.

Shares of Air Products and Chemicals (APD) opened at 149.20 on Wednesday. Air Products and Chemicals has a 12-month low of $129.00 and a 12-month high of $151.42. The company has a market cap of $32.52 billion, a price-to-earnings ratio of 11.21 and a beta of 1.25. The stock has a 50 day moving average of $145.81 and a 200 day moving average of $142.60.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in APD. BlackRock Inc. grew its holdings in Air Products and Chemicals by 1,973.1% in the 1st quarter. BlackRock Inc. now owns 14,149,340 shares of the basic materials company’s stock valued at $1,914,263,000 after buying an additional 13,466,808 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Air Products and Chemicals by 8,260.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,720,195 shares of the basic materials company’s stock valued at $389,152,000 after buying an additional 2,687,657 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in Air Products and Chemicals by 243.2% in the 1st quarter. First Eagle Investment Management LLC now owns 1,789,910 shares of the basic materials company’s stock valued at $242,157,000 after buying an additional 1,268,305 shares during the last quarter. Vanguard Group Inc. grew its holdings in Air Products and Chemicals by 5.5% in the 1st quarter. Vanguard Group Inc. now owns 16,888,770 shares of the basic materials company’s stock valued at $2,284,882,000 after buying an additional 887,369 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Air Products and Chemicals by 57.2% in the 2nd quarter. American Century Companies Inc. now owns 2,125,659 shares of the basic materials company’s stock valued at $304,097,000 after buying an additional 773,446 shares during the last quarter. 88.08% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 10th will be issued a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, October 6th. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 28.51%.

About Air Products and Chemicals

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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