A Look at the Basic Materials Sector’s Dividend Yield
Of the various industries in the basic materials sector, integrated mining noted the highest dividend yield.
Netflix to Join S&P 100, Twitter to Join S&P 500, REGENEXBIO to Join S&P SmallCap 600
Netflix Inc. (NFLX), Twitter Inc. (TWTR), and REGENXBIO Inc. (RGNX) are up in pre-market trading on news that they will be added to certain S&P Dow Jones Indices. Here’s what you need to know.
DowDuPont: Analyzing Institutional Investors’ Holdings
The first-quarter 13F filings indicate that institutional investors own 70.9% of DowDuPont’s (DWDP) outstanding shares.
DowDuPont Has Fallen 10% in 2018: Can It Bounce Back?
So far in 2018, DowDuPont has been underperforming its peers and the broader market. As of May 29, DowDuPont has declined 10.2% YTD.
Dow Opened a New Sales Center in Toronto
On May 23, Dow Chemical expanded its presence in Canada with a new regional sales center in Toronto. The new center was inaugurated on May 24.
IFF Partners with Amkiri, Boosts Innovation Platform
On May 24, International Flavors and Fragrances announced that it would partner with Amkiri—an Israeli-based startup that was founded in 2014.
DowDuPont’s Short Interest Increases: Is That Alarming?
Short interest data as of May 15 shows that DowDuPont’s short interest has risen sequentially on the back of its first-quarter earnings.
Deere: Strong Adjusted Earnings Are Expected in Q2
Deere (DE) is expected to post an adjusted EPS (earnings per share) of $3.31 for the second fiscal quarter—an increase of 32.9% on a YoY basis.
APD Acquires Shell’s Coal Gasification Business
On May 7, Air Products and Chemicals (APD) completed the acquisition of Shell’s coal gasification Technology licensing business.
DWDP’s Material Science Segment: Higher Revenue Growth in 1Q18
DowDuPont’s (DWDP) Material Science segment, which is expected to be spun off into a new company by the end of 1Q19, accounted for 55.9% of its total revenues.
DowDuPont’s 1Q18 Earnings Beats Expectations
On May 3, DowDuPont (DWDP) announced its 1Q18 adjusted earnings per share of $1.12. DWDP beat Wall Street’s estimate of $1.10.
Can IFF Meet Adjusted Earnings Expectations?
International Flavors and Fragrances (IFF) is expected to report adjusted earnings per share (or EPS) of $1.59 in 1Q18, an increase of 4.6% over its adjusted earnings per share of $1.52 in 1Q17.
DowDuPont’s 1Q18 Earnings and Revenue Beat Expectations
DowDuPont (DWDP) reported revenues of ~$21.5 billion for 1Q18 today, reflecting growth of 5.1% over the pro forma revenues of 1Q17 from continuing operations.
A Look at LYB’s Olefins and Polyolefins EAI Segment’s Performance
LyondellBasell’s Olefins and Polyolefins Europe, Asia, and International segment accounted for 36.5% of LYB’s total revenue in 1Q18.
W. R. Grace Bags New UNIPOL Technology Client
On April 24, W. R. Grace (GRA) announced that it would be licensing its UNIPOL PP Process Technology to Inter Pipeline to be used in its Heartland Petrochemical complex in Alberta, Canada
How APD’s Industrial Gases–Asia Segment Performed in Fiscal 2Q18
Air Products and Chemicals’ (APD) Industrial Gases–Asia segment accounted for 25.9% of APD’s total revenue in fiscal 2Q18, narrowing by 3.2 percentage points YoY (year-over-year) from 22.7%.
Air Products and Chemicals Sees Growth across the Board in 2Q18
Air Products and Chemicals’ (APD) revenue rose 9.0% YoY (year-over-year) to $2.16 billion in fiscal 2Q18, missing analysts’ estimate of $2.2 billion.
Air Products and Chemical Beats Estimates in 2Q18, Stock Rises
Air Products and Chemicals (APD) announced its fiscal 2Q18 earnings on April 26.
What Could Drive DowDuPont’s Revenue in 1Q18?
DowDuPont is expected to report revenues of $21.42 billion in 1Q18—an increase of 2.1% over Dow Chemical and DuPont’s combined revenue in 1Q17.
DowDuPont: Will 1Q18 Earnings Help the Stock Recover?
DowDuPont (DWDP) is scheduled to announce its 1Q18 earnings on May 3 at 8:00 AM EST before the market opens.
Praxair Stock Is Smoking on 1Q18 Earnings and Revenue Beat
Praxair (PX), the top industrial gas company, reported revenues of ~$3.0 billion for 1Q18 today.
W.R. Grace Stock Spirals on 1Q18 Earnings and Revenue Beat
W.R. Grace reported revenues of $431.5 million for 1Q18 today, reflecting growth of 8.4% from 1Q17.
Why Sherwin-Williams’s 1Q18 Revenue Could Be Set to Rise
Sherwin-Williams is expected to report revenue of $4.0 billion in 1Q18, a 43.1% increase from 1Q17’s $2.8 billion.
Why Monsanto Stock Popped Yesterday
Monsanto (MON) stock surged on April 9, 2018, following news that the U.S. Department of Justice approved the merger with Bayer.
Why RPM’s Industrial Segment Grew in Fiscal 3Q18
RPM International’s (RPM) Industrial segment has been the largest contributor to RPM’s overall revenue, comprising 51.6% of revenue in fiscal 3Q18 and 51.0% in fiscal 3Q17.
The Monsanto-Bayer Merger: What Are the Updates?
In its fiscal 2Q18 earnings release, Monsanto (MON) provided an update on the progress of its proposed merger with Bayer.
Monsanto’s Segment Margins: A Year-over-Year Comparison
In fiscal 2Q18, the Soybean Seed & Traits segment had a margin expansion year-over-year from 72.9% to 73.7%.
How Deere’s Valuation Compares
In this part, we’ll compare Deere’s (DE) valuation with peers’.
Bayer-Monsanto Deal Now Awaits Approval from US and Russia
The Bayer-Monsanto (MON) deal is still under review for antitrust issues in the US due to concerns that the two companies combined could harm the competitive environment.
Bayer-Monsanto Deal Receives European Union Approval
On March 21, the pending merger between Monsanto (MON) and Bayer inched a step closer to closure.
DowDuPont: Materials Science Company’s Senior Leadership
On March 12, DowDuPont announced the leadership roles for the Materials Science Company. The Materials Science Company will be called “Dow.”
Monsanto: Analysts’ Ratings and Target Price
The consensus mean target price on Monsanto for the next 12-month period stood at $125.8. Bayer’s acquisition price is $128.
March Update for Mosiac’s Target Price and Ratings
The current consensus mean rating on Mosaic stands at 2.6 with an overall “hold” recommendation on the stock.
Albemarle’s Refining Solutions Segment: Revenue Growth in 4Q17
Albemarle’s (ALB) Refining Solutions segment accounted for 27.8% of its total revenues in 4Q17 compared to 27.7% in 4Q16.
Why Albemarle’s Bromine Specialties Segment’s Margin Expanded
Albemarle’s (ALB) Bromine Specialties segment accounted for 25.5% of the company’s total revenues in 4Q17 compared to 27.9% in 4Q16.
Air Products and Chemicals to Display New Technology at IPC Apex Expo
Air Products and Chemicals (APD) stock gained 0.40% and closed at $164.27 for the week ended February 23, 2018.
Analyst Ratings for Monsanto: A February Update
Monsanto (MON), which reported its earnings on January 4, 2018, has risen 2.1%. It’s awaiting a merger with Bayer.
Deere’s Construction & Forestry Revenue Rises but Margins Dip
In fiscal 1Q18, Deere & Company’s (DE) Construction & Forestry segment reported revenue of $1.7 billion.
DE’s Agriculture & Turf Revenue Reverses the Trend in Fiscal 1Q18
Deere & Company’s (DE) Agriculture & Turf segment is its largest revenue generator. It reported revenue of $4.2 billion in fiscal 1Q18.
Deere’s Fiscal 1Q18 Revenue Rises but Falls Short of Estimates
In fiscal 1Q18, Deere & Company (DE) reported total revenue of $6.9 billion inclusive of financial services and other revenue.
LyondellBasell Moves to Acquire A. Schulman
On February 15, 2018, LyondellBasell (LYB) announced that it has entered into a definitive agreement to acquire A. Schulman (SHLM).
DowDuPont Declares Another Post-Merger Dividend
DowDuPont (DWDP) stock gained 3.6% and closed at $71.95 for the week ended February 16, 2018.
Air Products and Chemicals to Acquire ACP Europe SA
On February 15, 2018, Air Products and Chemicals (APD) announced that it entered into a definitive agreement to take over ACP Europe SA.
Can Deere’s 1Q18 Earnings per Share Beat Analyst Estimates?
Deere is expected to post EPS (earnings per share) of $1.20 for fiscal 1Q18, an increase of 96.0% on a YoY (year-over-year) basis.
Deere’s Fiscal 1Q18 Revenues Set for a Big Jump
Deere (DE) is expected to report revenues of $6.4 billion in fiscal 1Q18 from its equipment operations.
How Did DowDuPont’s Agriculture Segment Perform in 4Q17?
DowDuPont’s (DWDP) Agriculture segment accounted for 13.9% of DWDP’s 4Q17 revenue as compared to 15.0% in 4Q16 on a proforma basis.
What’s behind DowDuPont’s Significant Revenue Growth in 4Q17?
DowDuPont (DWDP) reported 4Q17 revenues of $20.1 billion, an increase of 13.1% over the proforma revenue of $17.7 billion in 4Q16.
Praxair to Supply Gases for EverDisplay Optronics in China
On January 22, 2018, Praxair (PX) announced that it has entered a long-term contract with Everdisplay Optronics (EDO), a China-based producer of 4.5 generation AMOLED displays.
International Flavors and Fragrances Breaks Ground in Sri City, India
IFF stock fell 1.1% in the week ended January 26, 2018, and closed at $153.49.
DowDuPont’s Short Interest before Its 4Q17 Earnings
DowDuPont’s (DWDP) short interest has risen negligibly since its 3Q17 earnings were announced on November 2, 2017.
Analysts’ Views on DowDuPont before Its 4Q17 Earnings
Among the analysts tracking DowDuPont, 84% have recommended a “buy,” 12% have recommended a “hold,” and 4% have recommended a “sell.”
What Could Drive DowDuPont’s Adjusted Earnings in 4Q17?
DowDuPont (DWDP) is expected to post an adjusted EPS (earnings per share) of $0.66 in 4Q17. DowDuPont posted an adjusted EPS of $0.55 in 3Q17.
DowDuPont’s 4Q17 Revenue Could Beat Analysts’ Estimates
DowDuPont is expected to report revenues of $19.43 billion in 4Q17—an increase of 6.60% over the combined revenue of Dow Chemical and DuPont in 4Q16.
Analysts’ Views Are Mixed following PPG’s 4Q17 Results
Following PPG Industries’ (PPG) 4Q17 earnings, analysts’ consensus has changed compared to their consensus prior to its 4Q17 earnings.
PPG’s Industrial Coatings Segment’s Margins Continue to Contract
PPG Industries’ (PPG) Industrial Coatings segment is its second reporting segment. The segment represented 42.3% of the company’s total revenue in 4Q17 compared to 42.0% in 4Q16.
Praxair’s Valuation Compared to Its Peer before 4Q17 Earnings
Praxair’s (PX) one-year forward PE multiple currently stands at 25.8x. Its peer Air Products & Chemicals (APD) has a one-year forward PE multiple of 23.6x.
Praxair’s 4Q17 Revenue Expectations: The Driving Factors
As of January 15, 2018, analysts are expecting Praxair (PX) to post revenue of $2.8 billion for 4Q17, a 6.8% rise on a year-over-year basis.
What to Expect from PPG Industries’ Revenue Growth in 4Q17
As of January 11, 2018, analysts expect PPG Industries (PPG) to post revenues of $3.66 billion in 4Q17—an increase of 3.10% on a year-over-year basis.
Scotts Miracle-Gro: Ratings and Price Target for January
Nine Wall Street analysts are covering Scotts Miracle-Gro, They have a consensus mean rating of 2.3 on the stock with an overall “buy” recommendation as of January 10, 2018.
Analysts’ Views on FMC in January 2018
Twenty-two Wall Street analysts are covering FMC. They have a consensus mean rating of 2.3 on the stock with an overall “buy” recommendation as of January 10, 2018.
Monsanto: Update for Analyst Ratings and Price Target
Eighteen Wall Street analysts are covering Monsanto. They have a consensus mean rating of 2.6 on the stock with an overall “hold” recommendation as of January 10, 2018.
How Analysts View CF Industries in January 2018
Nineteen Wall Street analysts are covering CF Industries. They have a consensus mean rating of 2.7 on the stock with an overall “hold” recommendation as of January 10, 2018.
RPM International’s Latest Dividend: All the Key Dates
RPM International is set to pay its first dividend for 2018. It’s expected to pay the first quarter dividend on January 31, 2018.
Monsanto’s 1Q18 Profitability and Outlook
Monsanto’s adjusted EBITDA margins expanded YoY from 8% to 12.8% YoY. The company’s net margins rose from 3.4% to 6.9% during the same period.
Analyzing Monsanto’s 1Q18 Gross Margin Performance
During 1Q18, Monsanto’s overall gross margins expanded to 49.4%. The Seed & Genomics segment contributed the most towards the margins.
What Investors Are Paying for Agribusiness Stocks: Part 2
The remaining companies In this part, we’ll compare the five remaining agribusiness companies’ valuation, again using forward EV-to-EBITDA (enterprise value-to-earnings before interest, tax, depreciation, and amortization) multiples. Valuation multiples As shown in the above chart, the remaining companies’ valuation multiples have risen in the last two years. At 18.3x, FMC (FMC) was trading at a premium to the peer […]
Sales Expectations for Agribusiness Companies in 2018
Sales expectations So far in this series, we’ve reviewed agribusiness companies’ 2017 performance and 2018 expectations. In this part, we’ll review analysts’ sales growth estimates for 2018. Growth estimates As shown in the above chart, agribusiness companies, excluding Israel Chemicals (ICL) and CVR Partners (UAN), are expected to see lower sales growth year-over-year in fiscal […]
A Review of Key Agribusiness Companies’ 2017 Sales
Performance comparison In our series Comparative Analysis of Fertilizer Companies’ 3Q17 Earnings, we compared fertilizer companies’ 3Q17 performance. However, as the agriculture business is seasonal, we should also look at annual trends for a complete picture. Year-over-year sales In the above chart, we compare agribusiness companies’ sales over the last 12 months and the year prior. All […]
Could Agribusiness Stocks See Better Times in 2018?
In this series, we’ll discuss agribusiness companies’ weak 2017 performance and key drivers of their low earnings.
Monsanto: Earnings Estimates and Target Price
As of December 25, 2017, Monsanto stock was covered by 18 analysts according to Reuters. The current consensus rating on the stock stood at 2.56.
Monsanto’s 1Q18 Earnings: What Analysts Expect
In 1Q18, Wall Street analysts expect that Monsanto will report an EBITDA of $0.55 billion, which will give an EBITDA margin of 19.9%.
Analysts’ Estimates for Monsanto’s Margin Expansion
For 1Q18, Wall Street analysts estimate a gross income of $1.3 billion. On net sales of $2.8 billion, it will translate into a gross margin of 48%.
Monsanto’s 1Q18 Earnings: What to Expect
Monsanto (MON) is set to announce its 1Q18 earnings on January 4, 2018, with an EPS (earnings per share) of $0.42.
Dow Chemical Expands Propionic Acid Facility in Texas
On December 11, 2017, DowDuPont’s (DWDP) subsidiary Dow Chemical announced that it would expand its propionic acid facility in Texas.
Air Products and Chemicals: Coral Floating LNG Project
Air Products and Chemicals continues to win new contracts, which ensures that strong organic growth is driving its revenue and net income.
Deere’s Valuation Compared to Caterpillar
As of December 14, 2017, Deere’s forward PE multiple stands at 18.0x. DE’s peer Caterpillar (CAT) had a one-year forward PE multiple of 18.70x.
Monsanto: Analyst Recommendations and Earnings Revision
Monsanto (MON) has delivered a positive return of 12% so far in 2017, but it has underperformed the S&P 500, which has risen 18% YTD.
Filtering Down to Top 4 Agriculture Dividend Stocks in December
In this concluding part of the series, we’ll filter down to the top four dividend stocks in this industry (XLB).
Digging Deeper into Agriculture Stocks’ Dividend Yields: Part 2
In this part of the series, we’ll look at the dividend yield trends for PotashCorp (POT), Monsanto (MON), Mosaic (MOS), and FMC (FMC).
The Agriculture Industry: Our Top 4 Dividend Stocks
Among the companies that operate within the agriculture sector, FMC (FMC) has outperformed its peers with a total one-year return of 53.2% as of December 11, 2017.
Why Analysts Are Quickly Raising Huntsman’s Target Prices
The analyst consensus target price for Huntsman is $37.55, which implies a return potential of 20.9%.
Air Products and Chemicals’ New Plant in China Begins Operations
On December 5, 2017, Air Products and Chemicals (APD) announced the beginning of operations of its new plant in the Pukou Economic Development Zone (PKEDZ) in Nanjing in Eastern China.
Russia Pushes Back Deadline on Bayer-Monsanto Merger
Last month, Russia pushed back its deadline by three months to approve the Bayer-Monsanto (MON) proposed merger.
Bayer-Monsanto Deal: European Union Showing Concern
The European Commission for Competition opened its review of the proposed Bayer-Monsanto (MON) merger in August 2017 and outlined its concerns about the merger.
Why Brazil Is Worried about the Bayer-Monsanto Merger
In October 2017, Brazilian anti-trust agency CADE pushed back its review deadline for the proposed Monsanto (MON) merger with Bayer by 90 days.
The Bayer-Monsanto Merger Concerns
Some anti-trust agencies have pushed back their merger approval deadlines over anti-competitive concerns the deal will likely create.
The Bayer-Monsanto Merger Deal: An Update
On September 14, 2016, Bayer signed an agreement with Monsanto (MON) to acquire it for $66 billion, or $128 per share. The offer represented a 44% premium over Monsanto’s stock price.
Dow Chemical Completes Sale of Corn Seed Business
On December 1, Dow Chemical (DWDP) announced the completion of the sale of a portion of Dow AgroSciences corn seed business in Brazil to CITIC Agri Fund.
W.R. Grace Signs a Spree of New Contracts
On November 27 and 28, 2017, W.R. Grace (GRA) signed a spree of new contracts for its Unipol license.
PPG Industries Continues to Trade at a Discount to Sherwin-Williams
As of November 28, 2017, PPG Industries’ (PPG) one-year forward price-to-earnings multiple stood at 17.90x.
Praxair’s Valuation: Where It Stands Compared to Its Peer
As of November 27, 2017, Praxair’s one-year forward PE multiple was 24.2x, while its peer Air Products & Chemicals (APD) had a one-year forward PE multiple of 22.7x.
Praxair: 4Q17 Dividend Details and Key Dates
On October 26, 2017, Praxair (PX) announced the dates for its 4Q17 regular cash dividend and stated that it would pay a dividend of $0.7875 per share.
Air Products and Chemicals Expands in China
Air Products and Chemicals’ stock price remained flat for the week ending November 24, 2017. It was trading 7.10% above the 100-day moving average price.
Deere Reports Strong Fiscal 4Q17 Earnings
Deere’s stock skyrocketed during the week ended November 24, 2017.
Analysts Raise Deere’s Target Price after 4Q17
Analysts’ ratings after 4Q17 As of November 22, 2017, 22 analysts were tracking Deere (DE), of which 41% have recommended “buy” (versus 31% prior to Deere’s 4Q17 earnings announcement), 55% have recommended “hold,” and 4% have recommended “sell.” Analysts’ consensus target price for Deere is $142.84. Deere closed at $145.25 on November 22, 2017. Most analysts may be recommending “buy” or “hold” due to […]
Deere’s Fiscal 4Q17 Revenue Rises Thanks to Higher Volumes
Deere’s fiscal 4Q17 revenue In fiscal 4Q17, Deere (DE) saw total revenue of $8.0 billion, inclusive of financial services and other revenue, implying a 23.0% rise from 4Q16, when it had revenue of $6.5 billion. Excluding financial services and other revenue, DE’s net sales for 4Q17 were $7.1 billion, compared with $5.7 billion in fiscal 4Q16, a 25.5% rise year-over-year. […]
What Analysts Recommend for DowDuPont
The consensus target price for DWDP is $80.20 for the next 12 months, implying a return potential of 13.2% over the closing price of $70.85 on November 20, 2017.
Sherwin-Williams: Its Final Dividend for Fiscal 2017
On October 18, 2017, Sherwin-Williams (SHW) announced the dates for its 4Q17 regular cash dividend and stated that it will pay a dividend of $0.85 per share.
Praxair Hikes Helium Prices across Regions
On November 15, 2017, Praxair (PX) announced that it will increase the price of helium, effective January 1, 2018, or as the contract allows.
PPG Industries Partners with SiNode for New Battery Technology
On November 16, 2017, PPG Industries (PPG) and SiNode Systems entered into a partnership involving a 30-month project to develop high-energy anode materials.