Air Products and Chemicals (NYSE:APD) Updates Q4 2024 Earnings Guidance

Air Products and Chemicals (NYSE:APD) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.330-3.630 for the period, compared to the consensus earnings per share estimate of 3.530. The company issued revenue guidance of -. Air Products and Chemicals also updated its FY 2024 guidance to 12.200-12.500 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Barclays lifted their price objective on Air Products and Chemicals from $245.00 to $290.00 and gave the company an equal weight rating in a report on Monday, June 10th. Mizuho lowered their price objective on Air Products and Chemicals from $295.00 to $286.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Citigroup lifted their price objective on Air Products and Chemicals from $280.00 to $305.00 and gave the company a buy rating in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lowered Air Products and Chemicals from a buy rating to a hold rating and decreased their price target for the stock from $310.00 to $280.00 in a research note on Monday, July 22nd. Finally, Morgan Stanley boosted their price target on Air Products and Chemicals from $240.00 to $280.00 and gave the stock an equal weight rating in a research note on Wednesday, June 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Air Products and Chemicals presently has a consensus rating of Hold and a consensus target price of $289.29.

Air Products and Chemicals Trading Down 0.1 %

Shares of Air Products and Chemicals stock opened at $263.92 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.49 and a quick ratio of 1.31. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $307.71. The company has a market capitalization of $58.67 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.94 and a beta of 0.81. The business has a 50 day moving average price of $264.96 and a 200 day moving average price of $249.82.

Air Products and Chemicals (NYSE:APD) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. Air Products and Chemicals had a return on equity of 16.56% and a net margin of 20.32%. Air Products and Chemicals’s revenue was down 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 EPS. Sell-side analysts anticipate that Air Products and Chemicals will post 12.26 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 1st will be issued a $1.77 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $7.08 annualized dividend and a yield of 2.68%. Air Products and Chemicals’s dividend payout ratio (DPR) is presently 63.90%.

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.