|Bid||38.33 x 3000|
|Ask||38.49 x 3200|
|Day's Range||38.24 - 38.72|
|52 Week Range||32.88 - 48.37|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||23.25|
|Earnings Date||May 2, 2019|
|Forward Dividend & Yield||1.52 (2.85%)|
|1y Target Est||45.25|
shares were declining 1.07% in trading Thursday after the company said that its first-quarter guidance cut last month was due to the effects of flooding in the Midwest that caused transportation disruptions and halted farming operations in its agriculture business.
Tapping into this national mood, some policy makers have proposed stronger antitrust enforcement, breaking up big tech companies, and applying closer scrutiny to M&A deals. Normally, businesses in the same industry compete with each other in order to maximize their own market share. If one of these firms cuts prices and increases its market share at its rivals’ expense, any resultant gain for the firm’s stockholders will be roughly matched by the losses at the competing firms that the stockholder also holds.
DowDuPont Inc. said Thursday it expects its agriculture business to fall short of guidance for the first quarter after severe weather delayed seed deliveries into early April. "Less than 50% of planned seed deliveries in the last 5 days of the quarter occurred, resulting in a greater than anticipated impact on first quarter performance," the company said in a statement. "In this peak delivery period, under normal circumstances and based on history, the division would expect one day of U.S. seed sales to generate about $25 to $35 million in operating EBITDA." The division is now expected to record sales of $3.4 billion and operating EBITDA of about $665 million, down 11% and 25% versus the year-ago period, respectively. For the first half, the division is expecting sales to be down in the low-single digit percent and operating EBITDA to be 3% to 5% below the year-ago period. "Deliveries are on track with current expectations and the revised first half guidance reflects the possibility of reduced planted acres overall, lower than anticipated corn acres, and continued delays to the start of the planting season due to additional weather events," said the statement. The company is sticking with its full-year guidance for sales and operating EBITDA, and expects to overcome the first-half decline through price increases and new product launches, among other factors. Turning to its other businesses, DowDuPont is expecting specialty products to post sales of $5.4 billion, down 3% from a year ago, and operating EBITDA of $1.6 billion, flat versus the year-earlier period. That compares with earlier guidance of net sales and operating EBITDA to be down in the low-single digits. Materials science is expected to post sales of $10.8 billion and operating EBITDA of $1.9 billion, down 10% and 24% respectively. That is in line with previous guidance. Shares fell 0.5% premarket and are down 14.3% in the last 12 months, while the S&P 500 has gained 7.1%.
WILMINGTON, Del., April 18, 2019 /PRNewswire/ -- DowDuPont™ (DWDP) is providing expected divisional results for the first quarter of 2019. Agriculture: On March 28, the Agriculture Division reported on the effects of March flooding in the Midwestern U.S., which created transportation disruptions that halted farming operations and severely delayed seed deliveries into the early part of April. In this peak delivery period, under normal circumstances and based on history, the division would expect one day of U.S. seed sales to generate about ~$25 to $35 million in operating EBITDA.
If you're looking for an honest read on the economy, look no further than the rails, Jim Cramer reminded his Mad Money viewers Wednesday. and Cramer showed viewers how this one earnings report can be used to read the entire economy. All of the money to buy these stocks needs to come from somewhere, Cramer added, and right now money managers are selling healthcare.
Many people rely on government data, such as information from the Commerce Department or the Fed. In fact, go back to when Jerome Powell created his own darned bear market back in October of 2018. Powell was gung ho on one rate raise in December and three more this year because he feared runaway inflation.
"If you want to get an honest read on the economy, forget the government data from the Commerce Department," CNBC's Jim Cramer says. "It's such a terrific tell for what's happening in the U.S. economy, and it's also fabulous source of inspiration if you're on the hunt for new stock picks," he says. CSX Transportation CSX 's Tuesday earnings call gave some insight into what stocks could be worth playing, CNBC's Jim Cramer said Wednesday.
WILMINGTON, Del., April 17, 2019 /PRNewswire/ -- DowDuPont (DWDP) today announced three additional members to the future board of directors of DuPont, currently the Specialty Products Division of DowDuPont. The new directors include Frank K. Clyburn, chief commercial officer at Merck & Co., Inc., Terrence R. Curtin, CEO of TE Connectivity, and Frederick M. Lowery, senior vice president and president, Life Sciences Solutions and Laboratory Products at Thermo Fisher Scientific Inc. With these additions, DuPont expects to have 12 members on its board, effective June 1, 2019.
It has been relentless, everything from airlines pulling orders to stories in the paper about how the FAA is over-reliant on Boeing for approvals. Boeing's stock barely gets dented with orders cancelled or changed. When airline cancels routes - and therefore causes it to lose money because of the Max -Boeing's stock barely gets dented.
While RBC Capital Markets is bullish on the new company split off from an old chemicals name, it's less positive on what remains of the old business. The Analyst Arun Viswanathan initiated coverage of ...
Another day, another Dow stock upgrade. Analysts continue to prefer Dow shares to DowDuPont stock, even though both face macroeconomic risks.
JPMorgan stock and Disney stock helped fuel a nice rally in the Dow Jones today, while Jumia Technologies had a strong IPO debut.
Bloomberg reports a synthetic replication of a indigestible sugar in breast milk could help adults' digestion.
Global chemical giants DowDuPont Inc. and BASF SE are investing millions to ramp up production of an indigestible sugar found naturally in breast milk. Infant formula makers like Nestle SA can’t get enough of the synthetic ingredient. DuPont estimates the annual market could reach $1 billion.
Shares of the now-independent Dow Inc (NYSE:DOW) declined on Friday for the first time since the company was spun off . The Midland, Michigan-based manufacturer of chemicals saw its stock fall on a bearish initiation by an analyst. After Dow Inc stock rose for three straight days, investors may have had good reasons to doubt the shares.Source: Shutterstock But investors should remember that the initiation contrasts with the analyses of numerous others on the Street. And while it remains unclear how the bearish evaluation will affect DOW stock in the longer run, the note should remind investors to compare Dow Inc stock to its peers. The InitiationDow Inc stock fell by $2.47 per share to $57.24 per share on Friday, representing a 4.14% decline for the day. At that point, Dow stock had only traded four days since completing its spinoff from DowDuPont (NYSE:DWDP).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Dow Jones Stocks Holding the Blue Chip Index Back Shares fell after JPMorgan analyst Jeffrey Zekauskas started Dow Inc stock with an "underweight" rating. He set a $49 price target on Dow Inc stock, which would represent a discount of around 12.5% from its current levels. The stock has now received a rating from 17 analysts, and Zekauskas became the first analyst to make a bearish call on DOW stock.In his report, he noted that DOW has a higher dividend than its peers. According to Zekauskas, DOW's 2019 dividend will be equal to 25% of its EBITDA. That implies a yield of about 4.7%. Dow's peers, LyondellBasell Industries (NYSE:LYB) and Westlake Chemical (NYSE:WLK), have lower yields, he wrote. Dow Inc Stock Trades at a Higher Multiple Than Its PeersIt remains unclear whether Dow Inc stock will fall to the $49-per-share level. Still, Zekaukas makes some important points in his report. The forward earnings multiple of Dow Inc stock, based on analysts' average 2019 EPS estimate, is 9.9. LYB stock trades at around 7.8 times its estimated forward earnings, while the forward PE of WLK stock stands at about 8.9.Moreover, Dow Inc stock has returned to trading as an independent company after briefly teaming up with DuPont. At this point, I think traders need more time to fully assess DOW stock. Dividend DangersTraders might overlook these concerns due to Dow's high dividend yield. Unfortunately, investors have good reason to hold doubts about the payout.DowDuPont slashed its dividends in 2017 and 2018 after increasing them annually for years. Conversely, after Abbott Laboratories (NYSE:ABT) and AbbVie (NYSE:ABBV) broke up, they continued their decades-long tradition of yearly payout hikes. As a result , Dow Inc stock will not have a "dividend aristocrat" streak (meaning 25 or more years of annual dividend increases) that it can use to attract investors.For this reason, investors in the chemicals space might see better returns from LyondellBasell stock. LYB trades at a substantially lower forward PE ratio than Dow Inc stock. And despite the fact that LYB's 4.4% dividend yield is slightly lower than that of DOW, LYB has increased its annual payouts for seven straight years. So the outlook of LYB stock's dividends is more certain at this time. Concluding Thoughts on Dow Inc StockThe analyst's initiation has reminded investors to compare Dow Inc stock to its peers before buying DOW stock. But Zekauskas' bearish initiation goes against the grain. For this reason, investors should not simply assume that DOW will fall to $49 per share.However, the analyst argument that DOW may not compare well to its peers is solid. Moreover, DOW stock has only traded for a few days since it again became an independent company. Investors may need more time to develop a deeper understanding of DOW stock before buying the shares. Until the path pf Dow Inc stock becomes clearer, investors should probably look to other equities in the chemicals space.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Medical Marijuana Stocks to Cure Your Portfolio * 8 Best Stocks to Buy for an April Rally * Top 20 Stocks to Buy for 20-Somethings! Compare Brokers The post Analyst Note Fosters Doubts About Dow Inc Stock appeared first on InvestorPlace.
Jim Cramer breaks down the latest action on Wall street and explains why certain stocks have risen when analysts said they would fall.