General Report on Airgas Inc (NYSE:ARG)

[Business Wire] Airgas Inc (NYSE:ARG)(TREND ANALYSIS) one of the nation’s leading suppliers of industrial, medical, and specialty gases, and related products, today updated the time it will host its fiscal 2015 fourth quarter earnings teleconference to 11:00 a.m. ET on Thursday, April 30, 2015. The Company had previously announced it would host its call at 10:00 a.m. ET. Fiscal 2015 fourth quarter earnings presentation materials will be available online before the market opens on April 30 at http://investor.shareholder.com/arg/slides.cfm. A webcast of the teleconference will be available live and on demand through May 28 at http://investor.shareholder.com/arg/events.cfm.

The teleconference will be available by calling 888-318-7470 (U.S./Canada) or 719-457-2702 (International). A replay of the teleconference will be available through May 7. To listen, call 888-203-1112 (U.S./Canada) or 719-457-0820 (International) and enter passcode 7770262.

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The company is expected to announce next quarter earnings on April 30, at consensus estimate of $1.15. Airgas Inc (ARG) reported last quarter earnings on February 03. The Industrial Gases company announced earnings per share of $1.23 against a consensus Street estimate of $1.23, matching the average estimate. This corresponds to an increase of $0.05 compared to the same quarter of the previous fiscal year.

Airgas Inc (NYSE:ARG) is currently trading 11.81% below its 52-week-high, 3.54% above its 52-week-low. The 12-months range for the stock is $101.36 – $119. Airgas Inc (ARG) has a price to earnings ratio of 21.55 versus S&P 500 average of 17.42. ARG stock price has underperformed the S&P 500 by 11%. The Industrial Gases company is currently valued at $7.88 billion and its share price closed the last trading session at $104.95. The stock has a 50-day moving average of $109.48 and a 200-day moving average of $112.29.

Airgas Inc (ARG) current short interest stands at 1.46 million shares. It has decreased by 1% from the same period of last month. Around 3% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.42 million shares, the number of days required to cover the short positions stand at 3.6 days.

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There are currently eighteen analysts that cover ARG stock. Of those eighteen, five have a Buy rating, eleven have a Hold rating and two have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $115.83.

A recent analyst activity consisted of Global Hunter downgrading their Buy rating to Accumulate on March 23. On the date of report, the stock closed at $105.31.

Company profile

Airgas, Inc. distributes industrial, medical, and specialty gases and related equipment. The Company also produces and distributes liquid carbon dioxide and dry ice in the United States. Airgas’ integrated distribution network consists of branch locations, distribution centers, and outbound telemarketing operations.

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