Air Products and Chemicals, Inc. (NYSE:APD - Free Report) - Equities researchers at Seaport Res Ptn dropped their Q3 2024 earnings per share (EPS) estimates for Air Products and Chemicals in a research report issued on Monday, May 6th. Seaport Res Ptn analyst M. Harrison now expects that the basic materials company will post earnings of $3.04 per share for the quarter, down from their previous forecast of $3.29. Seaport Res Ptn has a "Neutral" rating on the stock. The consensus estimate for Air Products and Chemicals' current full-year earnings is $12.31 per share. Seaport Res Ptn also issued estimates for Air Products and Chemicals' Q4 2024 earnings at $3.55 EPS and FY2025 earnings at $13.35 EPS.
Air Products and Chemicals (NYSE:APD - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, beating the consensus estimate of $2.70 by $0.15. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. The company's revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $2.74 EPS.
Other equities research analysts have also recently issued reports about the company. Barclays dropped their target price on Air Products and Chemicals from $260.00 to $245.00 and set an "equal weight" rating for the company in a report on Tuesday, February 6th. BMO Capital Markets lifted their target price on shares of Air Products and Chemicals from $250.00 to $263.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. reduced their price target on Air Products and Chemicals from $270.00 to $260.00 and set an "overweight" rating on the stock in a report on Wednesday, May 1st. StockNews.com cut shares of Air Products and Chemicals from a "hold" rating to a "sell" rating in a report on Thursday, May 2nd. Finally, Argus downgraded Air Products and Chemicals from a "buy" rating to a "hold" rating in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $277.43.
Check Out Our Latest Research Report on APD
Air Products and Chemicals Trading Down 1.0 %
Air Products and Chemicals stock traded down $2.38 during mid-day trading on Wednesday, hitting $246.27. The company's stock had a trading volume of 888,730 shares, compared to its average volume of 1,713,052. The business has a 50 day moving average price of $238.93 and a 200-day moving average price of $253.28. Air Products and Chemicals has a 12 month low of $212.24 and a 12 month high of $307.71. The stock has a market cap of $54.75 billion, a price-to-earnings ratio of 22.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31.
Hedge Funds Weigh In On Air Products and Chemicals
A number of large investors have recently bought and sold shares of APD. Dover Advisors LLC raised its holdings in Air Products and Chemicals by 1.9% in the third quarter. Dover Advisors LLC now owns 1,894 shares of the basic materials company's stock worth $540,000 after purchasing an additional 35 shares in the last quarter. Smithfield Trust Co raised its holdings in shares of Air Products and Chemicals by 2.4% during the third quarter. Smithfield Trust Co now owns 1,566 shares of the basic materials company's stock worth $444,000 after purchasing an additional 36 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in Air Products and Chemicals by 1.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,636 shares of the basic materials company's stock valued at $996,000 after purchasing an additional 38 shares during the period. Fidelis Capital Partners LLC boosted its stake in shares of Air Products and Chemicals by 2.1% in the third quarter. Fidelis Capital Partners LLC now owns 1,957 shares of the basic materials company's stock worth $555,000 after buying an additional 40 shares during the last quarter. Finally, Choreo LLC grew its holdings in Air Products and Chemicals by 0.8% during the third quarter. Choreo LLC now owns 5,263 shares of the basic materials company's stock worth $1,492,000 after acquiring an additional 41 shares during the period. Institutional investors own 81.66% of the company's stock.
About Air Products and Chemicals
(
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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.
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