Seaport Res Ptn Analysts Cut Earnings Estimates for Air Products and Chemicals, Inc. (NYSE:APD)

Air Products and Chemicals, Inc. (NYSE:APDGet Rating) – Stock analysts at Seaport Res Ptn reduced their FY2022 earnings per share estimates for Air Products and Chemicals in a report issued on Wednesday, September 14th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings of $10.31 per share for the year, down from their prior estimate of $10.33. The consensus estimate for Air Products and Chemicals’ current full-year earnings is $10.29 per share. Seaport Res Ptn also issued estimates for Air Products and Chemicals’ Q4 2022 earnings at $2.79 EPS, Q1 2023 earnings at $2.74 EPS, Q2 2023 earnings at $2.70 EPS, Q4 2023 earnings at $3.10 EPS and FY2023 earnings at $11.42 EPS.

Air Products and Chemicals (NYSE:APDGet Rating) last posted its earnings results on Thursday, August 4th. The basic materials company reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.61 by $0.01. Air Products and Chemicals had a return on equity of 15.61% and a net margin of 19.08%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. The company’s revenue was up 22.4% on a year-over-year basis.

A number of other research analysts have also recently issued reports on the company. Mizuho decreased their target price on Air Products and Chemicals from $312.00 to $286.00 and set a “buy” rating for the company in a research note on Thursday, July 7th. Bank of America reduced their price objective on Air Products and Chemicals from $272.00 to $271.00 and set a “neutral” rating for the company in a research report on Wednesday, July 13th. Atlantic Securities raised Air Products and Chemicals from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $280.00 to $290.00 in a research report on Wednesday, May 25th. UBS Group reduced their price objective on Air Products and Chemicals from $321.00 to $295.00 in a research report on Wednesday, July 13th. Finally, Wells Fargo & Company reduced their price objective on Air Products and Chemicals from $255.00 to $243.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.56.

Air Products and Chemicals Stock Up 0.8 %

NYSE:APD opened at $249.38 on Monday. Air Products and Chemicals has a 1 year low of $216.24 and a 1 year high of $316.39. The company has a current ratio of 1.87, a quick ratio of 1.72 and a debt-to-equity ratio of 0.48. The stock has a market cap of $55.31 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 1.69 and a beta of 0.79. The stock has a 50-day moving average price of $250.58 and a two-hundred day moving average price of $244.15.

Institutional Trading of Air Products and Chemicals

Several institutional investors and hedge funds have recently bought and sold shares of APD. Sierra Capital LLC raised its stake in Air Products and Chemicals by 1,060.0% in the second quarter. Sierra Capital LLC now owns 116 shares of the basic materials company’s stock valued at $28,000 after buying an additional 106 shares during the period. SJS Investment Consulting Inc. bought a new stake in Air Products and Chemicals in the first quarter valued at approximately $30,000. Rise Advisors LLC raised its stake in Air Products and Chemicals by 57.7% in the first quarter. Rise Advisors LLC now owns 123 shares of the basic materials company’s stock valued at $31,000 after buying an additional 45 shares during the period. Artemis Wealth Advisors LLC bought a new stake in Air Products and Chemicals in the second quarter valued at approximately $33,000. Finally, Rational Advisors LLC grew its position in shares of Air Products and Chemicals by 68.6% in the first quarter. Rational Advisors LLC now owns 145 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 82.68% of the company’s stock.

Air Products and Chemicals Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, November 14th. Investors of record on Monday, October 3rd will be issued a dividend of $1.62 per share. The ex-dividend date is Friday, September 30th. This represents a $6.48 annualized dividend and a yield of 2.60%. Air Products and Chemicals’s payout ratio is presently 63.16%.

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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