The Allentown, Pennsylvania-based Air Products & Chemicals, Inc (NYSE:APD) moved down to record low in over two and a half years after the world’s biggest hydrogen producer’s fiscal fourth-quarter earnings and 2013 estimates lagged analysts’ forecasts.
Shares of Air Products fell 6.3% to settle in New York at $79.99.
Air Products reported in a statement on Friday that profit in quarter through September was $1.42 per share, without costs to restructure the corporation’s photovoltaic unit, exit the polyurethane intermediates unit and write down assets linked with a customer’s bankruptcy.
Air Products reported that profit in the 2013 fiscal year, which started Oct 1, will be $5.65 per share to $5.85 per share, comprising $1.26 to $1.31 per share in the primary fiscal quarter.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Praxair, Inc. (NYSE:PX) fell -2.86% to settle at $104.88, Airgas, Inc. (NYSE:ARG) moved down -1.50% to end at $82.03 while McDonald’s Corporation (NYSE:MCD) plunged -4.46% to finish at $88.72 on Friday.
Air Products & Chemicals, Inc. (NYSE:APD) last session’s volume of 5.09 million shares was higher than its average volume of 935,859 shares. The stock after opening at $82.95 hit high price of $83.25 and then closed at $79.99 by scoring -6.28%.
APD generated revenue of $9.62 billion in the previous twelve months and earned $1.19 billion. The Company showed a positive 12.72% in the net profit margin as well as in its operating margin which remained at 16.12%. Company’s annual sales growth for the past five years was 5.04%.
The APD’s past twelve months’ price to sales ratio was 1.76 and price to cash ratio remained 46.88. As far as the returns are concerned, APD’s return on equity was recorded as 18.62% and return on investment increased 9.87% while its return on asset stayed at 8.34%.
The stock showed weekly downbeat performance of -2.45% which was maintained for the month at -5.23%. Likewise the positive performance for the quarter was recorded as 1.29% and for the year was -0.79% while the YTD performance remained at -3.90%.
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