Air Products and Chemicals (APD) Projected to Post Earnings on Thursday

Air Products and Chemicals (NYSE:APD) is expected to issue its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect Air Products and Chemicals to post earnings of $3.13 per share and revenue of $2.96 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Air Products and Chemicals Stock Performance

NYSE:APD opened at $335.45 on Wednesday. The firm has a market capitalization of $74.60 billion, a PE ratio of 19.53, a PEG ratio of 3.55 and a beta of 0.85. The stock’s fifty day moving average is $310.39 and its 200 day moving average is $299.92. Air Products and Chemicals has a fifty-two week low of $212.24 and a fifty-two week high of $341.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.34 and a current ratio of 1.52.

Air Products and Chemicals Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, May 12th. Stockholders of record on Tuesday, April 1st will be paid a $1.79 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 annualized dividend and a dividend yield of 2.13%. This is an increase from Air Products and Chemicals’s previous quarterly dividend of $1.77. Air Products and Chemicals’s dividend payout ratio is currently 41.21%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APD. Bank of America lowered shares of Air Products and Chemicals from a “buy” rating to a “neutral” rating and set a $350.00 price objective on the stock. in a research report on Monday, January 27th. Barclays upgraded Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $315.00 to $365.00 in a research report on Friday, January 24th. UBS Group upped their price target on shares of Air Products and Chemicals from $375.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $330.00 to $350.00 in a report on Tuesday, January 14th. Finally, Citigroup upped their target price on shares of Air Products and Chemicals from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $340.50.

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.