Revenue Update on Air Products & Chemicals(NYSE:APD)

Air Products & Chemicals(NYSE:APD) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $2.43B. Analysts estimated a revenue of $2.42B. Earnings per share were $1.92. Analysts had estimated an EPS of $1.90.

In a different note, On Jul 15, 2016, Citigroup said it Maintains its rating on Air Products & Chemicals. In the research note, the firm Raises the price-target to $155.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 11, 2016, Seaport Global said it Upgrades its rating on Air Products & Chemicals. The shares have been rated ‘Buy’ by the firm.

Air Products & Chemicals (APD) made into the market gainers list on Thursdays trading session with the shares advancing 0.53% or 0.79 points. Due to strong positive momentum, the stock ended at $149, which is also near the day’s high of $149.53. The stock began the session at $148.17 and the volume stood at 8,22,889 shares. The 52-week high of the shares is $152.69 and the 52 week low is $114.64. The company has a current market capitalization of $32,266 M and it has 21,65,49,700 shares in outstanding.

Air Products & Chemicals has also declared a cash dividend of $0.8600 on Jul 21, 2016. The shares will quote ex-dividend on Sep 29, 2016 and the record date has been fixed on Oct 3, 2016. The dividend payable date has been fixed on Nov 14, 2016.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, John D. Stanley (SR VP and General Counsel) sold 2,478 shares at $143.40 per share price.Also, 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 Gases–Americas; Industrial Gases – EMEA (Europe Middle East and Africa); Industrial Gases–Asia; Industrial Gases–Global; 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.

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