Brokerages Expect Air Products & Chemicals, Inc. (APD) Will Announce Quarterly Sales of $2.29 Billion

Brokerages predict that Air Products & Chemicals, Inc. (NYSE:APD) will post sales of $2.29 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Air Products & Chemicals’ earnings, with the highest sales estimate coming in at $2.33 billion and the lowest estimate coming in at $2.24 billion. Air Products & Chemicals posted sales of $2.22 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.2%. The business is scheduled to issue its next quarterly earnings results on Friday, January 25th.

According to Zacks, analysts expect that Air Products & Chemicals will report full-year sales of $9.53 billion for the current year, with estimates ranging from $9.33 billion to $9.85 billion. For the next year, analysts forecast that the firm will post sales of $10.02 billion, with estimates ranging from $9.81 billion to $10.79 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Air Products & Chemicals.

Air Products & Chemicals (NYSE:APD) last announced its earnings results on Tuesday, November 6th. The basic materials company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.99 by $0.01. The business had revenue of $2.30 billion during 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 revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 EPS.

Several analysts recently commented on the stock. Sanford C. Bernstein assumed coverage on shares of Air Products & Chemicals in a report on Monday, September 24th. They set an “outperform” rating and a $202.00 target price for the company. ValuEngine raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Thursday, October 4th. BNP Paribas assumed coverage on shares of Air Products & Chemicals in a report on Tuesday, October 2nd. They set an “outperform” rating for the company. Zacks Investment Research downgraded shares of Air Products & Chemicals from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, Vertical Research raised shares of Air Products & Chemicals from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Fifteen investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $190.08.

In other Air Products & Chemicals news, Chairman Seifi Ghasemi acquired 20,000 shares of the business’s stock in a transaction on Monday, November 12th. The stock was purchased at an average price of $160.11 per share, with a total value of $3,202,200.00. Following the acquisition, the chairman now directly owns 408,652 shares of the company’s stock, valued at approximately $65,429,271.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.37% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Air Products & Chemicals by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 18,589,029 shares of the basic materials company’s stock worth $3,105,298,000 after acquiring an additional 238,723 shares during the period. Bank of America Corp DE lifted its holdings in shares of Air Products & Chemicals by 1.1% during the 2nd quarter. Bank of America Corp DE now owns 7,224,475 shares of the basic materials company’s stock worth $1,125,067,000 after acquiring an additional 75,105 shares during the period. FMR LLC lifted its holdings in shares of Air Products & Chemicals by 52.8% during the 2nd quarter. FMR LLC now owns 4,457,144 shares of the basic materials company’s stock worth $694,111,000 after acquiring an additional 1,540,875 shares during the period. Findlay Park Partners LLP lifted its holdings in shares of Air Products & Chemicals by 6.7% during the 2nd quarter. Findlay Park Partners LLP now owns 3,200,000 shares of the basic materials company’s stock worth $498,336,000 after acquiring an additional 200,000 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Air Products & Chemicals by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,148,186 shares of the basic materials company’s stock worth $490,265,000 after acquiring an additional 68,094 shares during the period. 86.29% of the stock is owned by institutional investors.

Shares of APD stock opened at $166.62 on Tuesday. The stock has a market cap of $35.32 billion, a P/E ratio of 21.59, a P/E/G ratio of 1.66 and a beta of 1.09. The company has a quick ratio of 2.00, a current ratio of 2.17 and a debt-to-equity ratio of 0.30. Air Products & Chemicals has a 52 week low of $148.44 and a 52 week high of $175.17.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 11th. Shareholders of record on Wednesday, January 2nd will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Monday, December 31st. Air Products & Chemicals’s dividend payout ratio is currently 59.06%.

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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