Air Products and Chemicals (NYSE:APD) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Air Products and Chemicals (NYSE:APD) posted its earnings results on Thursday. The basic materials company reported $3.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.01, Zacks reports. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.18 billion. Air Products and Chemicals had a net margin of 12.86% and a return on equity of 15.11%. The business’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted $3.56 EPS. Air Products and Chemicals updated its Q1 2026 guidance to 2.950-3.100 EPS and its FY 2026 guidance to 12.850-13.150 EPS.

Air Products and Chemicals Price Performance

APD traded up $21.08 on Thursday, reaching $258.64. 4,254,458 shares of the company’s stock were exchanged, compared to its average volume of 1,258,184. Air Products and Chemicals has a twelve month low of $235.55 and a twelve month high of $341.14. The stock has a market cap of $57.56 billion, a PE ratio of 37.21, a P/E/G ratio of 5.16 and a beta of 0.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.29 and a quick ratio of 1.12. The stock’s fifty day moving average price is $270.36 and its 200-day moving average price is $278.19.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Mizuho upped their price objective on shares of Air Products and Chemicals from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Air Products and Chemicals in a research report on Wednesday, October 8th. Argus upgraded Air Products and Chemicals from a “hold” rating to a “buy” rating in a research report on Friday, September 12th. Wall Street Zen raised Air Products and Chemicals from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Citigroup dropped their price target on shares of Air Products and Chemicals from $325.00 to $308.00 and set a “buy” rating on the stock in a research note on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $330.00.

Institutional Investors Weigh In On Air Products and Chemicals

A number of large investors have recently made changes to their positions in APD. Nikko Asset Management Americas Inc. lifted its position in Air Products and Chemicals by 5.7% during the second quarter. Nikko Asset Management Americas Inc. now owns 10,742 shares of the basic materials company’s stock worth $3,029,000 after buying an additional 578 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Air Products and Chemicals by 0.3% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 130,826 shares of the basic materials company’s stock worth $36,935,000 after acquiring an additional 426 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Air Products and Chemicals by 1.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,117 shares of the basic materials company’s stock worth $2,289,000 after acquiring an additional 138 shares during the period. MUFG Securities EMEA plc acquired a new position in shares of Air Products and Chemicals during the 2nd quarter valued at about $185,000. Finally, U S Wealth Group LLC. grew its holdings in shares of Air Products and Chemicals by 3.3% in the second quarter. U S Wealth Group LLC. now owns 8,398 shares of the basic materials company’s stock valued at $2,369,000 after purchasing an additional 265 shares during the period. 81.66% of the stock is currently owned by hedge funds and other institutional investors.

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.