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

Air Products and Chemicals (NYSE:APD - Get Free Report) issued its quarterly earnings results on Thursday. The basic materials company reported $2.69 EPS for the quarter, missing analysts' consensus estimates of $2.83 by ($0.14), Zacks reports. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate 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 was down .5% compared to the same quarter last year. During the same period last year, the company posted $2.85 EPS. 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 Stock Performance

APD traded down $4.36 during trading hours on Tuesday, hitting $267.85. The stock had a trading volume of 1,184,839 shares, compared to its average volume of 1,481,470. The stock has a market cap of $59.59 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 3.07 and a beta of 0.88. 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 company's fifty day simple moving average is $281.87 and its 200 day simple moving average is $302.78.

Analyst Ratings Changes

A number of research analysts recently issued reports on APD shares. BMO Capital Markets downgraded shares of Air Products and Chemicals from an "outperform" rating to a "market perform" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $320.00 price objective (down previously from $345.00) on shares of Air Products and Chemicals in a report on Friday, February 7th. UBS Group reduced their target price on Air Products and Chemicals from $335.00 to $324.00 and set a "buy" rating for the company in a research note on Friday. Barclays dropped their price target on Air Products and Chemicals from $355.00 to $325.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, Wells Fargo & Company decreased their price objective on Air Products and Chemicals from $365.00 to $320.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $330.38.

Insider Transactions at Air Products and Chemicals

In other news, insider Kurt Lefevere sold 1,500 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $316.17, for a total transaction of $474,255.00. Following the sale, the insider now directly owns 1,462 shares in the company, valued at $462,240.54. This represents a 50.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Walter L. Nelson sold 589 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $308.50, for a total value of $181,706.50. Following the completion of the sale, the vice president now owns 719 shares in the company, valued at $221,811.50. This trade represents a 45.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,500 shares of company stock worth $4,842,604 over the last quarter. Corporate insiders own 0.41% of the company's stock.

Institutional Investors Weigh In On Air Products and Chemicals

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

About Air Products and Chemicals

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.