Research Analysts Set Expectations for Air Products and Chemicals, Inc.’s FY2017 Earnings (APD)

Air Products and Chemicals, Inc. (NYSE:APD) – Equities research analysts at Seaport Global Securities boosted their FY2017 EPS estimates for shares of Air Products and Chemicals in a research note issued to investors on Tuesday. Seaport Global Securities analyst M. Harrison now forecasts that the basic materials company will earn $6.23 per share for the year, up from their prior estimate of $6.11. Seaport Global Securities also issued estimates for Air Products and Chemicals’ Q4 2017 earnings at $1.68 EPS.

Other equities research analysts have also recently issued research reports about the company. Barclays PLC reaffirmed a “buy” rating and issued a $170.00 price target on shares of Air Products and Chemicals in a report on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $155.00 price target on shares of Air Products and Chemicals in a report on Tuesday, May 2nd. Vertical Research raised Air Products and Chemicals from a “sell” rating to a “hold” rating and set a $146.00 price target for the company in a report on Monday. BidaskClub cut Air Products and Chemicals from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Finally, Zacks Investment Research cut Air Products and Chemicals from a “buy” rating to a “hold” rating in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $153.29.

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Air Products and Chemicals (NYSE:APD) traded up 0.30% during mid-day trading on Friday, reaching $145.45. The company’s stock had a trading volume of 356,142 shares. The firm’s 50 day moving average is $144.80 and its 200-day moving average is $141.91. The company has a market cap of $31.70 billion, a PE ratio of 10.93 and a beta of 1.25. Air Products and Chemicals has a 12-month low of $129.00 and a 12-month high of $150.45.

Air Products and Chemicals (NYSE:APD) last issued its earnings results on Tuesday, August 1st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.06. Air Products and Chemicals had a return on equity of 17.23% and a net margin of 34.63%. The company had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter last year, the company earned $1.92 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 10th will be given a $0.95 dividend. The ex-dividend date is Friday, October 6th. This represents a $3.80 annualized dividend and a yield of 2.62%. Air Products and Chemicals’s payout ratio is 28.51%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrature Capital Ltd purchased a new position in Air Products and Chemicals during the fourth quarter valued at approximately $206,000. Macquarie Group Ltd. raised its position in Air Products and Chemicals by 75.7% in the fourth quarter. Macquarie Group Ltd. now owns 71,055 shares of the basic materials company’s stock valued at $10,219,000 after buying an additional 30,605 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Air Products and Chemicals by 2.9% in the first quarter. Gulf International Bank UK Ltd now owns 63,415 shares of the basic materials company’s stock valued at $8,579,000 after buying an additional 1,800 shares in the last quarter. National Pension Service raised its position in Air Products and Chemicals by 10.0% in the first quarter. National Pension Service now owns 172,479 shares of the basic materials company’s stock valued at $23,388,000 after buying an additional 15,649 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in Air Products and Chemicals by 11.2% in the first quarter. Capstone Asset Management Co. now owns 25,945 shares of the basic materials company’s stock valued at $3,510,000 after buying an additional 2,616 shares in the last quarter. Institutional investors own 88.92% of the company’s stock.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc, is an industrial gases company. The Company’s Industrial Gases business provides atmospheric and process gases and related equipment to manufacturing markets, including refining and petrochemical, metals, electronics, and food and beverage. The Company is also a supplier of liquefied natural gas process technology and equipment.

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

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