Air Products and Chemicals (NYSE:APD – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 12.200-12.500 for the period, compared to the consensus estimate of 12.310. The company issued revenue guidance of -. Air Products and Chemicals also updated its FY24 guidance to $12.20-12.50 EPS.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Barclays cut their price objective on Air Products and Chemicals from $260.00 to $245.00 and set an equal weight rating for the company in a research report on Tuesday, February 6th. Morgan Stanley dropped their price target on Air Products and Chemicals from $285.00 to $240.00 and set an equal weight rating for the company in a research report on Wednesday, February 7th. BMO Capital Markets dropped their price target on Air Products and Chemicals from $307.00 to $250.00 and set an outperform rating for the company in a research report on Tuesday, February 6th. Mizuho dropped their price target on Air Products and Chemicals from $295.00 to $286.00 and set a buy rating for the company in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price target on Air Products and Chemicals from $270.00 to $260.00 and set an overweight rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $274.64.
Air Products and Chemicals Trading Up 0.9 %
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 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.15. Air Products and Chemicals had a net margin of 18.82% and a return on equity of 16.84%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the firm posted $2.74 earnings per share. The company’s revenue was down 8.4% on a year-over-year basis. Equities research analysts predict that Air Products and Chemicals will post 12.38 EPS for the current year.
Air Products and Chemicals Company Profile
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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