Air Products and Chemicals (NYSE:APD) Issues Q3 2021 Earnings Guidance

Air Products and Chemicals (NYSE:APD) issued an update on its third quarter 2021 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.300-2.400 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.290. The company issued revenue guidance of -.Air Products and Chemicals also updated its FY 2021 guidance to $8.950-9.100 EPS.

APD stock opened at $298.60 on Friday. Air Products and Chemicals has a 52 week low of $229.17 and a 52 week high of $327.89. The company has a quick ratio of 2.76, a current ratio of 2.91 and a debt-to-equity ratio of 0.54. The company’s fifty day simple moving average is $293.42. The company has a market capitalization of $66.08 billion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 2.93 and a beta of 0.76.

Air Products and Chemicals (NYSE:APD) last released its quarterly earnings data on Sunday, May 9th. The basic materials company reported $2.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.04). Air Products and Chemicals had a net margin of 20.39% and a return on equity of 14.75%. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the business earned $2.04 EPS. Air Products and Chemicals’s revenue for the quarter was up 12.9% compared to the same quarter last year. Research analysts anticipate that Air Products and Chemicals will post 9.1 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 9th. Shareholders of record on Thursday, July 1st will be given a dividend of $1.50 per share. The ex-dividend date is Wednesday, June 30th. This represents a $6.00 annualized dividend and a yield of 2.01%. Air Products and Chemicals’s dividend payout ratio (DPR) is currently 71.60%.

APD has been the subject of several analyst reports. Wolfe Research initiated coverage on shares of Air Products and Chemicals in a report on Wednesday. They issued an outperform rating for the company. BMO Capital Markets raised their target price on shares of Air Products and Chemicals from $310.00 to $332.00 and gave the stock an outperform rating in a report on Wednesday, May 12th. Morgan Stanley raised their target price on shares of Air Products and Chemicals from $300.00 to $335.00 and gave the stock an overweight rating in a report on Wednesday, May 12th. HSBC lowered their target price on shares of Air Products and Chemicals from $275.00 to $269.00 and set a hold rating for the company in a report on Thursday, June 3rd. Finally, Credit Suisse Group restated an outperform rating and issued a $302.00 target price on shares of Air Products and Chemicals in a report on Monday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Air Products and Chemicals currently has a consensus rating of Buy and an average target price of $311.07.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, 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 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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