|Bid||0.00 x 800|
|Ask||242.00 x 800|
|Day's Range||233.36 - 240.87|
|52 Week Range||158.73 - 244.61|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||27.44|
|Earnings Date||Apr 21, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||5.36 (2.20%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||255.48|
Strong earnings performance in first-quarter fiscal 2020, the recent dividend hike and an upbeat outlook are contributing to gain in Air Products' (APD) shares.
Air Products and Chemicals (APD) delivered earnings and revenue surprises of 2.88% and 0.63%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Air Products & Chemicals Inc. reported Friday a fiscal first-quarter profit that beat expectations, but revenue that missed and provided a downbeat outlook. The industrial gases company's stock was still inactive in premarket trading. Net income for the quarter to Dec. 31 rose to $475.6 million, or $2.14 a share, from $347.5 million, or $1.57 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share of $2.14 topped the FactSet consensus of $2.10. Sales grew 1.4% to $2.25 billion, below the FactSet consensus of $2.29 billion, as misses in industrial gas sales in the Americas and in the Europe, Middle East and Africa (EMEA) region offset a beat in Asia. Volume growth and higher pricing was partially offset by lower energy pass-through, unfavorable currency moves and a contract modification to a tolling agreement in India. Looking ahead, the company said it expects second-quarter adjusted EPS of $2.10 to $2.20, which is below the current FactSet consensus of $2.24, but reiterated the full-year guidance of $9.35 to $9.60, which surrounds expectations of $9.44. The stock has rallied 12.2% over the past three months through Thursday, while the S&P 500 has gained 10.5%.
Industrial gas producer Air Products & Chemicals Inc. said Thursday it is raising its quarterly dividend by 18 cents to $1.34 a share from $1.16. The company said the increase is the biggest in the company's history. The new dividend will be payable May 11 to shareholders of record as of April 1. Shares fell 1.1% Thursday, but have gained 51% in the last 12 months, while the S&P 500 has gained 26%.
The Board of Directors of Air Products (NYSE: APD) has increased the quarterly dividend on the company's common stock by 18 cents per share—from $1.16 to $1.34 per share—representing the largest dividend increase in the company's history.
At Air Products' (APD) booth in IPPE, the specific challenges of attendees in their day-to-day operations will be addressed by food specialists.
Air Products (NYSE:APD), a world-leading industrial gases company, has again earned a perfect score of 100 percent on the Corporate Equality Index (CEI) administered by the Human Rights Campaign (HRC) Foundation.
Air Products (NYSE: APD) will highlight its latest innovations in cryogenic food processing at the International Production & Processing Expo (IPPE) in Atlanta, Georgia, from January 28-30. In addition to its latest cryogenic tunnel freezer design, the Freshline® MP-Plus freezer for rapid crust or full freezing, the company will feature its new Freshline® QuickChill™ Injector. The QuickChill Injector can be easily fitted to new or existing kettles and vessels to help meat and poultry processors reduce chilling times and increase throughput of a variety of liquid products, including sauces, gravies and marinades.
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Air Products and Chemicals (APD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Air Products (NYSE: APD), a world-leading industrial gases company serving China for over 30 years, has won the "2019 Overall Community Care Award" for its corporate citizenship and outstanding community efforts at the 9th China Charity Festival held 14-15 January in Beijing. In addition, the company's Liquid Nitrogen (LIN) Ambassador Program was named "The Best Community Program of 2019." This is the fifth consecutive year that Air Products has been recognized for its contributions and the second time to receive these two awards in the same year.
Air Products' (APD) Freshline QuickChill Injector helps minimize chilling time and increase the throughput of a variety of liquid products.
Air Products' (NYSE: APD) latest innovation in cryogenic food processing solutions enables food manufacturers to quickly and efficiently chill sauces and liquids. The new Freshline® QuickChill™ Injector has been designed to reduce chilling times and increase throughput of a variety of liquid products, such as sauces, soups, dressings, marinades, pie fillings and purees.
Eastman Chemical (EMN) is likely to benefit from long-term lease, site service and utility cost sharing, and a strategic raw material off-take agreement for its specialty products.
Air Products (NYSE: APD) announced today its largest-ever investment in the United States in winning a long-term onsite business model supply agreement for a project with Gulf Coast Ammonia (GCA) in Texas City, Texas. Air Products will build, own and operate (BOO) its largest-ever steam methane reformer (SMR) to produce hydrogen which will be connected to and extend, to approximately 700 miles, its existing and the world's-largest hydrogen pipeline system in the Gulf Coast; BOO an air separation unit (ASU) to supply nitrogen; and will own and operate a steam turbine generator to supply power and other utilities to GCA's new world-scale ammonia production plant.