Air Products and Chemicals (NYSE:APD – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $12.20-12.50 for the period, compared to the consensus earnings per share estimate of $12.35. Air Products and Chemicals also updated its FY 2024 guidance to 12.200-12.500 EPS.
Air Products and Chemicals Stock Down 3.6 %
Shares of NYSE:APD traded down $8.65 during midday trading on Tuesday, reaching $229.47. 350,775 shares of the company were exchanged, compared to its average volume of 1,698,848. The company has a quick ratio of 1.58, a current ratio of 1.81 and a debt-to-equity ratio of 0.74. The stock has a fifty day simple moving average of $237.37 and a two-hundred day simple moving average of $255.01. Air Products and Chemicals has a fifty-two week low of $212.24 and a fifty-two week high of $307.71. The firm has a market cap of $51.01 billion, a PE ratio of 22.72, a P/E/G ratio of 2.60 and a beta of 0.81.
Air Products and Chemicals (NYSE:APD – Get Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.73 by $0.12. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Air Products and Chemicals had a return on equity of 16.84% and a net margin of 18.82%. Air Products and Chemicals’s revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.74 EPS. As a group, sell-side analysts forecast that Air Products and Chemicals will post 12.38 earnings per share for the current year.
Analyst Ratings Changes
Read Our Latest Analysis on Air Products and Chemicals
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.
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