We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Air Products (APD) Unveils PRISM LNG Membrane Separator
Read MoreHide Full Article
Air Products and Chemicals Inc. (APD - Free Report) recently launched the new PRISM GreenSep liquefied natural gas ("LNG") membrane separator for bio-LNG production. This cutting-edge technology has been designed to increase LNG yield while lowering operational costs and promoting the objective of creating a safer, greener and more productive world.
PRISM GreenSep LNG membrane separators eliminate the requirement for intermediate purification technologies such as amine scrubbing or thermal swing adsorption during bio-LNG production, resulting in a better bio-LNG yield while lowering operational costs and energy usage. Bio-LNG is liquefied biomethane derived from organic sources such as food, animal or municipal waste.
Air Products Membrane Solutions specializes in hollow fiber membrane separators and onsite gas generation. Air Products develops, engineers, manufactures and markets a complete line of PRISM Membrane Separators, Marine Systems and Engineered-to-Order Systems. Its membrane separators and systems are also intended to generate more sustainable energy sources while increasing productivity in several industries and applications.
Shares of APD have lost 10.4% over the past year against the industry’s 1% growth.
Image Source: Zacks Investment Research
Air Products, in its fiscal second quarter, said that it continues to expect fiscal 2024 adjusted earnings per share (EPS) to be in the range of $12.20-$12.50, indicating 6-9% growth from the prior year’s adjusted EPS. For the third quarter, the company expects adjusted EPS in the range of $3-$3.05.
Air Products and Chemicals, Inc. Price and Consensus
Better-ranked stocks in the basic materials space are ATI Inc. (ATI - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Ecolab Inc. (ECL - Free Report) .
ATI sports a Zacks Rank #1 (Strong Buy), at present. ATI beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 8.3%. The company’s shares have soared 62.2% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology currently sports a Zacks Rank of 1, at present. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.1%. The company’s shares have soared 110.9% in the past year.
The Zacks Consensus Estimate for Ecolab's current year earnings is pegged at $6.56 per share, indicating a year-over-year rise of 25.9%. The consensus estimate for ECL’s current-year earnings has gone up in the past 30 days. ECL, which currently carries a Zacks Rank #2 (Buy), beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.3%. The company’s shares have rallied roughly 33.5% in the past year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Air Products (APD) Unveils PRISM LNG Membrane Separator
Air Products and Chemicals Inc. (APD - Free Report) recently launched the new PRISM GreenSep liquefied natural gas ("LNG") membrane separator for bio-LNG production. This cutting-edge technology has been designed to increase LNG yield while lowering operational costs and promoting the objective of creating a safer, greener and more productive world.
PRISM GreenSep LNG membrane separators eliminate the requirement for intermediate purification technologies such as amine scrubbing or thermal swing adsorption during bio-LNG production, resulting in a better bio-LNG yield while lowering operational costs and energy usage. Bio-LNG is liquefied biomethane derived from organic sources such as food, animal or municipal waste.
Air Products Membrane Solutions specializes in hollow fiber membrane separators and onsite gas generation. Air Products develops, engineers, manufactures and markets a complete line of PRISM Membrane Separators, Marine Systems and Engineered-to-Order Systems. Its membrane separators and systems are also intended to generate more sustainable energy sources while increasing productivity in several industries and applications.
Shares of APD have lost 10.4% over the past year against the industry’s 1% growth.
Image Source: Zacks Investment Research
Air Products, in its fiscal second quarter, said that it continues to expect fiscal 2024 adjusted earnings per share (EPS) to be in the range of $12.20-$12.50, indicating 6-9% growth from the prior year’s adjusted EPS. For the third quarter, the company expects adjusted EPS in the range of $3-$3.05.
Air Products and Chemicals, Inc. Price and Consensus
Air Products and Chemicals, Inc. price-consensus-chart | Air Products and Chemicals, Inc. Quote
Zacks Rank & Key Picks
APD currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space are ATI Inc. (ATI - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Ecolab Inc. (ECL - Free Report) .
ATI sports a Zacks Rank #1 (Strong Buy), at present. ATI beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 8.3%. The company’s shares have soared 62.2% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology currently sports a Zacks Rank of 1, at present. CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 15.1%. The company’s shares have soared 110.9% in the past year.
The Zacks Consensus Estimate for Ecolab's current year earnings is pegged at $6.56 per share, indicating a year-over-year rise of 25.9%. The consensus estimate for ECL’s current-year earnings has gone up in the past 30 days. ECL, which currently carries a Zacks Rank #2 (Buy), beat the consensus estimate in each of the last four quarters, with the average earnings surprise being 1.3%. The company’s shares have rallied roughly 33.5% in the past year.