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Brokers Set Expectations for Air Products and Chemicals, Inc.’s Q3 2022 Earnings (NYSE:APD)


Air Products and Chemicals, Inc. (NYSE:APDGet Rating) – Equities researchers at Seaport Res Ptn raised their Q3 2022 earnings per share estimates for Air Products and Chemicals in a note issued to investors on Thursday, July 14th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will earn $2.62 per share for the quarter, up from their previous forecast of $2.61. The consensus estimate for Air Products and Chemicals’ current full-year earnings is $10.27 per share.

Air Products and Chemicals (NYSE:APDGet Rating) last released its quarterly earnings data on Thursday, May 5th. The basic materials company reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.03. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3 billion. Air Products and Chemicals had a return on equity of 15.32% and a net margin of 19.63%. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.08 earnings per share.

Several other research firms have also issued reports on APD. UBS Group dropped their price objective on Air Products and Chemicals from $321.00 to $295.00 in a research note on Wednesday. StockNews.com assumed coverage on Air Products and Chemicals in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Bank of America lowered their target price on Air Products and Chemicals from $272.00 to $271.00 and set a “neutral” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their target price on Air Products and Chemicals from $300.00 to $272.00 in a research note on Tuesday, May 10th. Finally, Jefferies Financial Group lowered their target price on Air Products and Chemicals from $270.00 to $257.00 in a research note on Thursday, June 16th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.79.

Air Products and Chemicals Price Performance

NYSE:APD opened at $225.20 on Friday. The company has a quick ratio of 1.79, a current ratio of 1.95 and a debt-to-equity ratio of 0.47. The stock’s 50 day moving average price is $240.23 and its two-hundred day moving average price is $249.95. The firm has a market capitalization of $49.94 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 1.73 and a beta of 0.83. Air Products and Chemicals has a 12-month low of $216.24 and a 12-month high of $316.39.

Air Products and Chemicals Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 14th. Shareholders of record on Monday, October 3rd will be paid a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a yield of 2.88%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 64.54%.

Hedge Funds Weigh In On Air Products and Chemicals

A number of hedge funds have recently added to or reduced their stakes in the stock. Insight Folios Inc increased its stake in Air Products and Chemicals by 3.9% in the fourth quarter. Insight Folios Inc now owns 968 shares of the basic materials company’s stock valued at $294,000 after acquiring an additional 36 shares during the last quarter. First National Trust Co boosted its position in Air Products and Chemicals by 2.2% during the fourth quarter. First National Trust Co now owns 1,784 shares of the basic materials company’s stock valued at $542,000 after buying an additional 38 shares during the period. Covenant Asset Management LLC boosted its position in Air Products and Chemicals by 0.9% during the fourth quarter. Covenant Asset Management LLC now owns 4,563 shares of the basic materials company’s stock valued at $1,388,000 after buying an additional 39 shares during the period. Advisor Partners LLC boosted its position in Air Products and Chemicals by 0.3% during the fourth quarter. Advisor Partners LLC now owns 13,744 shares of the basic materials company’s stock valued at $4,182,000 after buying an additional 40 shares during the period. Finally, Griffin Asset Management Inc. boosted its position in Air Products and Chemicals by 0.9% during the fourth quarter. Griffin Asset Management Inc. now owns 4,489 shares of the basic materials company’s stock valued at $1,366,000 after buying an additional 41 shares during the period. Institutional investors own 80.62% of the company’s stock.

Air Products and Chemicals Company Profile

(Get Rating)

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; 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 refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.

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



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