Previous Close | 238.12 |
Open | 232.58 |
Bid | 234.29 x 800 |
Ask | 234.39 x 900 |
Day's Range | 228.81 - 235.00 |
52 Week Range | 212.24 - 307.71 |
Volume | |
Avg. Volume | 1,851,227 |
Market Cap | 52.097B |
Beta (5Y Monthly) | 0.81 |
PE Ratio (TTM) | 22.43 |
EPS (TTM) | 10.45 |
Earnings Date | Apr 30, 2024 |
Forward Dividend & Yield | 7.02 (2.95%) |
Ex-Dividend Date | Mar 28, 2024 |
1y Target Est | 268.35 |
Adjusted EPS Meets Expectations Amidst Economic Challenges; Maintains Full-Year Guidance
Industrial gas manufacturer Air Products and Chemicals beat profit estimates for the quarter on Tuesday as higher margins offset lower sales. It reported an adjusted profit of $2.85 per share for the second quarter, compared with the average analyst's estimate of $2.69 per share. Chemical companies experienced headwinds globally in 2023 due to softer demand in key markets like Europe and Asia where post-pandemic economic recovery had been sluggish.
Air Products and Chemicals (APD) delivered earnings and revenue surprises of 4.78% and 7.03%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?