The stock closed at $101.44 on Wednesday.
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- Powered by its strong earnings growth of 744.44% and other important driving factors, this stock has surged by 46.66% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- CYTEC INDUSTRIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CYTEC INDUSTRIES INC increased its bottom line by earning $4.42 versus $2.05 in the prior year. This year, the market expects an improvement in earnings ($5.79 versus $4.42).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Chemicals industry. The net income increased by 56.6% when compared to the same quarter one year prior, rising from $35.70 million to $55.90 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 11.2%. Since the same quarter one year prior, revenues slightly increased by 2.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The current debt-to-equity ratio, 0.58, is low and is below the industry average, implying that there has been successful management of debt levels. Along with the favorable debt-to-equity ratio, the company maintains an adequate quick ratio of 1.33, which illustrates the ability to avoid short-term cash problems.
- You can view the full analysis from the report here: CYT Ratings Report
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