Air Products and Chemicals (APD) to Release Quarterly Earnings on Thursday

Air Products and Chemicals (NYSE:APD - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Thursday, February 6th. Analysts expect the company to announce earnings of $3.13 per share and revenue of $2.96 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Air Products and Chemicals Price Performance

APD traded up $7.79 during trading on Thursday, reaching $335.10. 1,381,438 shares of the stock were exchanged, compared to its average volume of 1,760,386. The company has a market capitalization of $74.52 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 3.16 and a beta of 0.84. The business's 50 day moving average price is $310.09 and its two-hundred day moving average price is $298.21. Air Products and Chemicals has a 1 year low of $212.24 and a 1 year high of $337.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.52 and a quick ratio of 1.34.

Air Products and Chemicals Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $1.79 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $7.16 dividend on an annualized basis and a yield of 2.14%. This is an increase from Air Products and Chemicals's previous quarterly dividend of $1.77. Air Products and Chemicals's dividend payout ratio (DPR) is currently 41.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on APD shares. BMO Capital Markets lifted their price target on shares of Air Products and Chemicals from $323.00 to $350.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th. Vertical Research raised Air Products and Chemicals from a "hold" rating to a "buy" rating and set a $336.00 target price on the stock in a research report on Monday, October 7th. Citigroup lifted their target price on Air Products and Chemicals from $345.00 to $365.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Wells Fargo & Company upgraded shares of Air Products and Chemicals from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $330.00 to $350.00 in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Air Products and Chemicals from $350.00 to $345.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $338.47.

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.