Air Products & Chemicals, Inc. (NYSE:APD) – Seaport Global Securities lowered their Q4 2018 EPS estimates for Air Products & Chemicals in a report issued on Wednesday, October 17th. Seaport Global Securities analyst M. Harrison now expects that the basic materials company will post earnings of $1.98 per share for the quarter, down from their previous forecast of $2.00. Seaport Global Securities also issued estimates for Air Products & Chemicals’ Q1 2019 earnings at $1.91 EPS, Q2 2019 earnings at $1.91 EPS and FY2020 earnings at $8.42 EPS.

Air Products & Chemicals (NYSE:APD) last issued its earnings results on Thursday, July 26th. The basic materials company reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.11. Air Products & Chemicals had a net margin of 17.13% and a return on equity of 15.15%. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter in the prior year, the business posted $1.65 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis.

Other analysts have also recently issued research reports about the company. Vertical Research upgraded Air Products & Chemicals from a “hold” rating to a “buy” rating in a research note on Wednesday, August 29th. Zacks Investment Research raised Air Products & Chemicals from a “hold” rating to a “buy” rating and set a $174.00 price target on the stock in a research report on Wednesday, June 27th. Deutsche Bank upped their price target on Air Products & Chemicals from $190.00 to $192.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. BMO Capital Markets reissued a “buy” rating and set a $197.00 price target (up from $195.00) on shares of Air Products & Chemicals in a research report on Friday, July 27th. Finally, Credit Suisse Group upped their price target on Air Products & Chemicals from $182.00 to $188.00 and gave the company a “buy” rating in a research report on Friday, July 27th. One research analyst has rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $186.65.

Shares of NYSE APD opened at $156.69 on Thursday. Air Products & Chemicals has a 52-week low of $152.02 and a 52-week high of $175.17. The company has a market cap of $36.63 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 1.68 and a beta of 1.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.24 and a current ratio of 2.40.

Hedge funds and other institutional investors have recently modified their holdings of the business. Westbourne Investment Advisors Inc. acquired a new stake in shares of Air Products & Chemicals in the 3rd quarter worth about $336,000. Fenimore Asset Management Inc. increased its stake in shares of Air Products & Chemicals by 1.4% in the third quarter. Fenimore Asset Management Inc. now owns 370,148 shares of the basic materials company’s stock valued at $61,833,000 after purchasing an additional 5,031 shares during the period. Aperio Group LLC increased its stake in shares of Air Products & Chemicals by 1.3% in the third quarter. Aperio Group LLC now owns 151,763 shares of the basic materials company’s stock valued at $25,352,000 after purchasing an additional 1,911 shares during the period. Welch & Forbes LLC increased its stake in shares of Air Products & Chemicals by 0.7% in the third quarter. Welch & Forbes LLC now owns 53,077 shares of the basic materials company’s stock valued at $8,866,000 after purchasing an additional 394 shares during the period. Finally, First American Bank acquired a new stake in shares of Air Products & Chemicals in the third quarter valued at approximately $2,805,000. 85.97% of the stock is currently owned by hedge funds and other institutional investors.

Air Products & Chemicals Company Profile

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.

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

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