Air Products & Chemicals, Inc. (NYSE:APD) – Analysts at Jefferies Financial Group issued their Q2 2019 EPS estimates for Air Products & Chemicals in a research note issued on Wednesday, November 7th. Jefferies Financial Group analyst L. Alexander anticipates that the basic materials company will post earnings per share of $2.13 for the quarter.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Tuesday, November 6th. The basic materials company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.99 by $0.01. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.31 billion. Air Products & Chemicals had a net margin of 16.77% and a return on equity of 15.30%. Air Products & Chemicals’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $1.76 earnings per share.

A number of other equities research analysts also recently weighed in on the stock. BMO Capital Markets set a $200.00 target price on shares of Air Products & Chemicals and gave the company a “buy” rating in a research note on Thursday. ValuEngine downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 16th. BNP Paribas began coverage on shares of Air Products & Chemicals in a research note on Tuesday, October 2nd. They issued an “outperform” rating on the stock. Finally, Sanford C. Bernstein began coverage on shares of Air Products & Chemicals in a research note on Monday, September 24th. They issued an “outperform” rating and a $202.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $187.64.

Shares of APD opened at $159.90 on Friday. The company has a market capitalization of $35.36 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.60 and a beta of 1.08. The company has a current ratio of 2.17, a quick ratio of 2.24 and a debt-to-equity ratio of 0.30. Air Products & Chemicals has a 1-year low of $148.44 and a 1-year high of $175.17.

Hedge funds and other institutional investors have recently modified their holdings of the business. Braun Bostich & Associates Inc. grew its position in Air Products & Chemicals by 542.6% during the second quarter. Braun Bostich & Associates Inc. now owns 739 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 624 shares during the last quarter. IMS Capital Management bought a new position in Air Products & Chemicals during the second quarter valued at approximately $146,000. NuWave Investment Management LLC grew its position in Air Products & Chemicals by 8,770.0% during the third quarter. NuWave Investment Management LLC now owns 887 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 877 shares during the last quarter. Vigilant Capital Management LLC bought a new position in Air Products & Chemicals during the second quarter valued at approximately $158,000. Finally, Private Capital Group LLC grew its position in Air Products & Chemicals by 52.6% during the second quarter. Private Capital Group LLC now owns 1,245 shares of the basic materials company’s stock valued at $195,000 after acquiring an additional 429 shares during the last quarter. Institutional investors and hedge funds own 86.19% of the company’s stock.

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.

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

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