Air Products and Chemicals (NYSE:APD) Issues Earnings Results, Misses Estimates By $0.14 EPS

Air Products and Chemicals (NYSE:APD - Get Free Report) posted its quarterly earnings data on Thursday. The basic materials company reported $2.69 earnings per share for the quarter, missing analysts' consensus estimates of $2.83 by ($0.14), Zacks reports. The company had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.94 billion. Air Products and Chemicals had a net margin of 31.88% and a return on equity of 15.78%. The business's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.85 earnings per share. Air Products and Chemicals updated its FY 2025 guidance to 11.850-12.150 EPS and its Q3 2025 guidance to 2.900-3.000 EPS.

Air Products and Chemicals Trading Down 2.0 %

Shares of APD traded down $5.43 during midday trading on Monday, reaching $272.19. The company had a trading volume of 960,268 shares, compared to its average volume of 1,480,477. Air Products and Chemicals has a 1-year low of $243.69 and a 1-year high of $341.14. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 0.71. The firm has a 50 day simple moving average of $282.77 and a 200-day simple moving average of $303.02. The stock has a market cap of $60.56 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88.

Analyst Ratings Changes

A number of research firms recently weighed in on APD. BMO Capital Markets downgraded Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $320.00 target price (down from $345.00) on shares of Air Products and Chemicals in a research report on Friday, February 7th. Citigroup reduced their price target on shares of Air Products and Chemicals from $373.00 to $345.00 and set a "buy" rating for the company in a research report on Tuesday, March 25th. UBS Group lowered their price objective on shares of Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating on the stock in a report on Friday. Finally, Sanford C. Bernstein raised shares of Air Products and Chemicals from a "market perform" rating to an "outperform" rating and set a $375.00 price objective on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $330.38.

Insider Activity

In other Air Products and Chemicals news, insider Wilbur Mok sold 1,300 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $315.88, for a total value of $410,644.00. Following the completion of the transaction, the insider now owns 3,193 shares in the company, valued at $1,008,604.84. The trade was a 28.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Sean D. Major sold 4,500 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $315.46, for a total transaction of $1,419,570.00. Following the sale, the vice president now owns 14,273 shares in the company, valued at $4,502,560.58. The trade was a 23.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,500 shares of company stock valued at $4,842,604. 0.41% of the stock is currently owned by company insiders.

Institutional Trading of Air Products and Chemicals

An institutional investor recently raised its position in Air Products and Chemicals stock. Brighton Jones LLC raised its stake in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,260 shares of the basic materials company's stock after acquiring an additional 412 shares during the period. Brighton Jones LLC's holdings in Air Products and Chemicals were worth $945,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 81.66% of the company's stock.

Air Products and Chemicals Company Profile

Air Products and Chemicals, Inc provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals.