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) Inks Supply Deal With TP JGC Coral France
Read MoreHide Full Article
Air Products and Chemicals Inc. (APD - Free Report) has signed an agreement with TP JGC Coral France. Per the deal, Air Products will supply medium and high purity nitrogen package for a floating liquefied natural gas (FLNG) facility to be located in the Indian Ocean, offshore Mozambique, Africa.
The latest deal marks Air Product’s second supply contract with TP JGC Coral France for the floating LNG Project, the first being a supply contract wherein the company will supply its proprietary cryogenic coil wound heat exchanger technology and liquefaction process license for the facility.
The FLNG facility is being constructed by TP JGC Coral France along with Samsung Heavy Industries. It will use Air Products' advanced PRISM Membrane Separators to produce both medium- and high-purity nitrogen. The combined nitrogen production is expected to surpass 100,000 Nm3 per day.
Air Products has underperformed the industry it belongs to over a year. The company’s shares have moved up 9.9% over this period, compared with roughly 22.5% gain recorded by its industry.
Air Products expects adjusted earnings per share of $1.60-$1.70 for first-quarter fiscal 2018, up 9-16% from the year-ago quarter. For fiscal 2018, Air Products expects adjusted earnings per share of $6.85-$7.05, up 9-12% year over year.
Air Products has a strong project backlog and benefits from actions to cut operational costs. Moreover, strategic investments in high-return projects, new business deals and acquisitions are expected to drive results in fiscal 2018.
Air Products and Chemicals, Inc. Price and Consensus
Kronos Worldwide has expected long-term earnings growth of 5%. Its shares have gained 115.8% year to date.
Koppers has expected long-term earnings growth of 18%. Its shares have rallied 20.4% year to date.
Westlake Chemical has expected long-term earnings growth of 10.6%. Its shares have moved up 80.2% year to date.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Air Products (APD) Inks Supply Deal With TP JGC Coral France
Air Products and Chemicals Inc. (APD - Free Report) has signed an agreement with TP JGC Coral France. Per the deal, Air Products will supply medium and high purity nitrogen package for a floating liquefied natural gas (FLNG) facility to be located in the Indian Ocean, offshore Mozambique, Africa.
The latest deal marks Air Product’s second supply contract with TP JGC Coral France for the floating LNG Project, the first being a supply contract wherein the company will supply its proprietary cryogenic coil wound heat exchanger technology and liquefaction process license for the facility.
The FLNG facility is being constructed by TP JGC Coral France along with Samsung Heavy Industries. It will use Air Products' advanced PRISM Membrane Separators to produce both medium- and high-purity nitrogen. The combined nitrogen production is expected to surpass 100,000 Nm3 per day.
Air Products has underperformed the industry it belongs to over a year. The company’s shares have moved up 9.9% over this period, compared with roughly 22.5% gain recorded by its industry.
Air Products expects adjusted earnings per share of $1.60-$1.70 for first-quarter fiscal 2018, up 9-16% from the year-ago quarter. For fiscal 2018, Air Products expects adjusted earnings per share of $6.85-$7.05, up 9-12% year over year.
Air Products has a strong project backlog and benefits from actions to cut operational costs. Moreover, strategic investments in high-return projects, new business deals and acquisitions are expected to drive results in fiscal 2018.
Air Products and Chemicals, Inc. Price and Consensus
Air Products and Chemicals, Inc. Price and Consensus | Air Products and Chemicals, Inc. Quote
Zacks Rank & Other Stocks to Consider
Air Products currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Kronos Worldwide Inc. (KRO - Free Report) , Koppers Holding Inc. (KOP - Free Report) and Westlake Chemical Corporation (WLK - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Kronos Worldwide has expected long-term earnings growth of 5%. Its shares have gained 115.8% year to date.
Koppers has expected long-term earnings growth of 18%. Its shares have rallied 20.4% year to date.
Westlake Chemical has expected long-term earnings growth of 10.6%. Its shares have moved up 80.2% year to date.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>