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Company Update (NYSE:APD): Air Products to Broadcast First Quarter Earnings Teleconference on January 29

[PR Newswire] – LEHIGH VALLEY, Pa., Jan. 5, 2016 /PRNewswire/ — Air Products (NYSE: APD ) will release its fiscal 2016 first quarter financial results on Friday, January 29, 2016 before the stock market opens and will … Read more on this. Air Products and Chemicals, Inc. (APD) , with a current value of $27.33B, opened at $128.47. During today’s session, APD traded between $125.90 to $129.28 with its 52-week range being $123.66 to $158.20. APD shares are currently priced at 17.61x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 11.71x forward p/e ratio. And for dividend hunters, the company pays shareholders $3.24 per share annually in dividends, yielding 2.49%. According to a consensus of 16 analysts, the earnings estimate of $1.71 per share would be $0.16 better than the year-ago quarter and a $0.09 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $7.39 would be a $0.82 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.45 Billion. If realized, that would be a 4.30% decrease over the year-ago quarter. Recently, Citigroup downgraded APD from Buy to Neutral (Jan 5, 2016). Previously, Goldman upgraded APD from Neutral to Buy. The average price target for APD shares is $154.25, which is 20.07% above where the stock opened this morning. See more in (NYSE:APD) Similar Articles: Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Logo Unveiled for Air Products’ Spin-Off Company Versum Materials Stock Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products’ Materials Technologies to Increase Prices for Electronics Offerings Market Update: Air Products & Chemicals Inc (NYSE:APD) – Air Products to Broadcast Fourth Quarter Earnings Teleconference on October 29
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