Air Products & Chemicals (APD) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $1.92 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.90. The company posted revenue of $2434.40 million in the period, compared to analysts expectations of $2404.06 million. The company’s revenue was down -1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.
Many Wall Street Analysts have commented on Air Products & Chemicals. Seaport Global Securities Upgraded Air Products & Chemicals on Jul 11, 2016 to ” Buy”, Price Target of the shares are set at $165.Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 162 from a previous price target of $147 .
Air Products & Chemicals closed down -0.02 points or -0.01% at $148.99 with 15,13,414 shares getting traded on Thursday. Post opening the session at $151.49, the shares hit an intraday low of $148.48 and an intraday high of $152.69 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
Investors should note that on Jul 21, 2016, Air Products & Chemicals announced a cash dividend of $0.8600. The company’s management has announced Sep 29, 2016 as the ex-dividend date and fixed the record date on Oct 3, 2016. The payable date has been fixed on Nov 14, 2016.
In a different news, on May 25, 2016, John D. Stanley (SR VP and General Counsel) sold 2,478 shares at $143.40 per share price. According to the SEC, on Feb 1, 2016, Seifi Ghasemi (CEO) purchased 50,000 shares at $126.77 per share price. On Aug 26, 2015, Charles I Cogut (director) purchased 400 shares at $137.17 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.