Airgas is Among the Companies in the Industrial Gases Industry With the Highest Future Earnings Growth
Below are the three companies in the Industrial Gases industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current fiscal year estimated) is important to gauge future profitability and relative value. Higher EPS growth generally justifies higher earnings multiples.
Airgas (ARG) is highest with future earnings growth of 15.8%. 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.
There is potential upside of 8.7% for shares of Airgas based on a current price of $78.77 and an average consensus analyst price target of $85.64. Airgas shares have support at the 50-day moving average (MA) of $77.23 and additional support at the 200-day MA of $69.49.
Air Products & Chemicals (APD) is next with future earnings growth of 13.5%.
Finishing up the top three is Praxair (PX), with future earnings growth of 13.4%.