|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's Range||990.00 - 990.00|
|52 Week Range||981.00 - 1,420.00|
|Beta (5Y Monthly)||1.04|
|PE Ratio (TTM)||1,486.49|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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In Tuesday night's fast-paced ' Lightning Round', one caller asked about DuPont de Nemours . "They have a new CEO that intends to deliver," said Jim Cramer, host of Mad Money. In this daily bar chart of DD, below, we can see that prices have been under selling pressure the past 12 months.
Ed Breen first took on the CEO role in 2015 and led the company through its complex merger with Dow and subsequent break up into three companies.
DuPont's Ed Breen has been at the helm before, steering the company's separation from Dow Inc. The question is whether his efforts to turn a profit will stick.
Breen, who is currently the chairman of DuPont, will replace Marc Doyle, the company said on Tuesday. The board concluded now is the right time to restore Breen to the chief executive role to draw more directly on his substantial operating experience, DuPont's lead independent director Alexander Cutler said in a statement.
Shares of chemical and industrial products maker DuPont rise after former CEO and current Executive Chairman Edward Breen re-claims the top job.
DuPont Inc. said Friday that Chief Executive Marc Doyle and Chief Financial Officer Jeanmarie Desmond are leaving the company, effective immediately. The specialty materials and chemicals company said Executive Chairman Ed Breen would take on the additional role of CEO and Lori Koch, vice president of investor relations and corporate financial planning, will be CFO. "While we made some progress in 2019, we did not meet our own expectations and we now need to move aggressively to secure our foundation for growth," Breen said. "We have solid businesses, but, as we discussed on our recent earnings call, we need to accelerate operational improvement and make sure we are taking appropriate action to deliver on our commitments for the year." DuPont's stock, which tacked on 0.4% in premarket trading, has tumbled 31.2% over the past 12 months through Friday, while the Dow Jones Industrial Average has gained 13.6%.
DuPont [NYSE: DD] today announced that its Board of Directors has appointed current Executive Chairman Edward D. Breen to the additional role of Chief Executive Officer. Lori D. Koch, Vice President of Investor Relations and Corporate Financial Planning and Analysis, is named Chief Financial Officer. Both appointments are effective immediately.
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DuPont's board of directors declared a first quarter dividend of $0.30 per share on the outstanding common stock of the company (par value $0.01 per share) payable March 16, 2020, to holders of record of said stock at the close of business Feb. 28, 2020.
It’s earnings season, and for every (AMZN) which gained more than 8% after beating forecasts, there’s a (FB) which dropped more than 6%. It might be hard to predict how a stock reacts to earnings, but investors can look to the options market for clues to what Wall Street expects. Options prices are determined by a few things, with volatility being one of the biggest factors.
(Bloomberg Opinion) -- The stock market’s blind optimism is colliding with industrial CEOs’ realism. Caterpillar Inc. and Honeywell International Inc. rounded out a busy week of earnings for the manufacturing sector on Friday, with both companies pointing to a continuing slide in growth in 2020 that flies in the face of expectations for a swift rebound following the signing of the U.S.-China trade deal.“We expect continued global uncertainty” in 2020, Caterpillar CEO Jim Umpleby said in a statement. That will push demand among end-users of its equipment down as much as 9% and encourage dealers to continue chipping away at existing inventory stockpiles rather than replenish them. The company predicted a decline in residential and non-residential construction markets in North America and continued weakness in oil and gas, offset somewhat by a pickup in mining equipment, calls that have wide-reaching implications for much of the industrial sector. Sales in China may decline as much as 5%, Chief Financial Officer Andrew Bonfield told Bloomberg News. Honeywell’s earnings guidance was in line with analysts’ estimates, but the range was fairly wide for the company, with a 40-cent swing between the best and worst case. Honeywell is “remaining cautious” on the macroeconomic outlook and the risks to its businesses that are among the first to reflect changes in activity. It warned sales may be flat in 2020 after backing out the impact of M&A and currency swings.Honeywell has a history of being conservative, but you’ve heard comments like this from a variety of industrial CEOs over the past few weeks, including CSX Corp.’s Jim Foote, W.W. Grainger Inc.’s DG Macpherson, DuPont de Nemours Inc.’s Marc Doyle and 3M Co.’s Mike Roman. Most are expecting the growth environment to remain lackluster – and for some markets, to get a bit worse – in the first half of the year before improving in the back end. But for many companies, that “improvement” has more to do with easier comparisons than any true demand spike. We’ve also seen this movie before, and forecasts for a back-end-weighted recovery rarely play out as hoped. Heading into the year, CEOs listed the risk of a recession as their top concern for 2020, according to a global Conference Board survey. While the trade deal improved sentiment, corporate profits need to pick back up to drive increased spending, note Bloomberg Economists Andrew Husby and Yelena Shulyatyeva. There are a variety of complicating factors on the horizon, including the U.S. presidential election and potentially the ramifications of the burgeoning coronavirus epidemic. And don’t forget, U.S. tariffs remain in place on some $360 billion of Chinese goods.For now, business investment remains muted, with orders for non-military equipment falling 0.9% in December, excluding aircraft, according to data from the Commerce Department released this week. Arguably, one benefit of elevated stock prices is that buybacks are untenable and that may drive more CEOs to put their money to work on capital investments once the uncertainty clears. Honeywell plans to do both, buying back a minimum of 1% of its shares and spending as much much as $150 million on capital expenditures in 2020. But for industrial companies as a group, earnings gains appear to rely more heavily on continued cost-cutting and productivity improvements rather than true fundamental growth.Caterpillar, which is currently predicting a second straight year-over-year decline in profit, said Friday it has a $200 million placeholder for strategic restructuring and is “prepared to respond quickly to any positive or negative changes in customer demand.” There has also been a troubling increase in below-the-line benefits and earnings adjustments, even at the typically clean Honeywell. Below-the-line items are expected to be as much as a $250 million benefit in 2020, compared with a $57 million drag in 2019, the company said. This impacts perceived quality, notes Gordon Haskett analyst John Inch.And yet investors seem only mildly concerned. After initially sliding as much as 3.2%, Caterpillar shares were at times little changed and were down only about 1.5% as of mid-morning. Expectations were higher at Honeywell and that stock was down about 2%, but it’s still within spitting distance of an all-time high hit earlier this month. Investors may have the luxury of being more optimistic than CEOs, but I’d listen to the guys who have to make the actual decisions when it comes to hiring and spending. And those guys (yes, they’re all men) are still waving the yellow flag of caution. To contact the author of this story: Brooke Sutherland at email@example.comTo contact the editor responsible for this story: Beth Williams at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
CFRA said Thursday it's sticking with a buy rating on shares of Dupont de Nemours Inc. , after the company offered guidance for 2020 that lagged estimates. Analyst Christopher Muir lowered his stock price target by $11 to $65 and cut per-share earnings estimates. Our target is a 17% peer-discount 17.1x our '20 EPS estimate, which we think is warranted by our view of a below-peer three-year EPS growth rate," the analyst wrote in commentary. "Looking ahead, we see lower segment results in '20 driven by nylon headwinds in T&I and the absence of certain gains recorded in 2019, offset by synergies, cost reductions, and other items." DuPont said slack demand for nylon will weigh on 2020 earnings. Weak industrial production has been cited by other manufacturers as a headwind this year, including 3M and UPS . DuPont shares slid 8.1% after its report and are down 37% in the last 12 months, while the S&P 500 has gained 21%.
The three major U.S. stock market indexes dropped as the number of coronavirus diagnoses rose and the latest U.S. economic data was solid but showed weakness in consumer spending and business investment.
Chemical giant DuPont de Nemours reported earnings that met Wall Street expectations. But the 2020 outlook disappointed investors.
The first half of the year, when U.S. farmers are planting and maintaining crops, is the key time of year for producers of seeds and agricultural chemicals.