Air Products and Chemicals (NYSE:APD) Issues FY 2024 Earnings Guidance

Air Products and Chemicals (NYSE:APD) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 12.200-12.500 for the period, compared to the consensus EPS estimate of 12.310. The company issued revenue guidance of -. Air Products and Chemicals also updated its Q3 2024 guidance to 3.000-3.050 EPS.

Analyst Ratings Changes

Several research analysts have recently weighed in on APD shares. StockNews.com upgraded shares of Air Products and Chemicals from a sell rating to a hold rating in a research note on Monday, April 22nd. TheStreet cut Air Products and Chemicals from a b rating to a c+ rating in a research report on Monday, February 5th. UBS Group lowered shares of Air Products and Chemicals from a buy rating to a neutral rating and reduced their target price for the stock from $328.00 to $241.00 in a report on Thursday, February 8th. Wells Fargo & Company downgraded shares of Air Products and Chemicals from an overweight rating to an equal weight rating in a report on Monday, February 5th. Finally, Citigroup raised their price objective on shares of Air Products and Chemicals from $260.00 to $285.00 and gave the company a buy rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of $276.36.

Air Products and Chemicals Stock Up 0.9 %

Shares of APD opened at $238.12 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.81 and a quick ratio of 1.58. The stock has a market capitalization of $52.93 billion, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 2.60 and a beta of 0.81. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $307.71. The business’s 50 day simple moving average is $237.37 and its 200-day simple moving average is $255.01.

Air Products and Chemicals (NYSE:APD) last announced its earnings results on Monday, February 5th. The basic materials company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.00 by ($0.18). Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company posted $2.64 earnings per share. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts expect that Air Products and Chemicals will post 12.38 earnings per share for the current fiscal year.

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.