Air Products & Chemicals (APD) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $1.82 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $1.81. The company posted revenue of $2271.00 million in the period, compared to analysts expectations of $2366.13 million. The company’s revenue was down -5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.55 EPS.
Many Wall Street Analysts have commented on Air Products & Chemicals. Company shares were Downgraded by Deutsche Bank on Apr 4, 2016 to ” Hold”, Firm has raised the Price Target to $ 152 from a previous price target of $150 .Company shares were Resumed by Credit Suisse on Mar 24, 2016 to “Outperform”, Firm has raised the Price Target to $ 161 from a previous price target of $145 .Shares were Reiterated by Deutsche Bank on Feb 1, 2016 to “Buy” and Lowered the Price Target to $ 150 from a previous price target of $160 .
Air Products & Chemicals opened for trading at $147.59 and hit $148.785 on the upside on Wednesday, eventually ending the session at $148.31, with a gain of 0.56% or 0.82 points. The heightened volatility saw the trading volume jump to 13,73,623 shares. Company has a market cap of $31,983 M.
In a different news, on Feb 1, 2016, Seifi Ghasemi (CEO) purchased 50,000 shares at $126.77 per share price. According to the SEC, on Aug 26, 2015, Charles I Cogut (director) purchased 400 shares at $137.17 per share price. On Aug 26, 2015, John D. Stanley (SR VP and General Counsel) purchased 223 shares at $134.81 per share price, according to the Form-4 filing with the securities and exchange commission.
Air Products and Chemicals Inc. is an industrial gases company which offers atmospheric gases process and specialty gases electronics and performance materials equipment and services. The Company’s segments include Industrial GasesAmericas; Industrial Gases EMEA (Europe Middle East and Africa); Industrial GasesAsia; Industrial GasesGlobal; Materials Technologies; Energy-from-Waste and Corporate and other. The Company manufactures and distributes products in two lines of business: Industrial Gases and Materials Technologies. Industrial Gases’ primary products include atmospheric gases process gases and equipment for air separation. Materials Technologies’ primary products include performance materials and chemicals such as epoxy amine curing agents polyurethane catalysts additives and specialty surfactants and electronics materials such as specialty gases chemical mechanical planarization slurries and specialty chemicals.