|Bid||0.00 x 800|
|Ask||85.00 x 100|
|Day's Range||82.03 - 83.52|
|52 Week Range||73.95 - 112.45|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||8.33|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||2.24 (2.74%)|
|1y Target Est||98.53|
In this article I am going to calculate the intrinsic value of Eastman Chemical Company (NYSE:EMN) by projecting its future cash flows and then discounting them to today’s value. I Read More...
DowDuPont’s (DWDP) Material Science segment, which is slated to be spun off and called Dow by the end of Q1 2019, accounted for 61.7% of DWDP’s total revenues in Q3 2018. In Q3 2017, this segment accounted for 59.9% of DWDP’s total revenue, a year-over-year increase of 1.8 percentage points.
Eastman Chemical's (EMN) move reflects commitment to customers as well as ability to execute projects safely and timely. It is expanding its alkyl alkanolamine capacity in Nanjing.
DowDuPont (DWDP) announced its Q3 earnings before the market opened on November 1. It reported adjusted EPS of $0.74, an increase of 34.5% over its pro forma adjusted EPS of $0.55 in Q3 2017. The company beat analysts’ adjusted EPS estimate of $0.72. In this series, we’ll look at DowDuPont’s earnings, revenues, and segment-wise performance.
On November 6, Air Products and Chemicals (APD) reported revenues of $2.30 billion for the fourth quarter, which reflects 4.3% growth compared to the fourth quarter of 2017. The company fell marginally short of Wall Street analysts’ estimates of $2.31 billion. Air Products and Chemical’s revenue growth increased 3% due to higher volumes, 1% due to higher pricing, and 1% due to the favorable energy pass through. However, unfavorable foreign currency had a negative impact on Air Products and Chemicals’ revenues by 1%.
Eastman Chemical Company (EMN) today announced that the previously announced cash tender offer (the "Tender Offer") for any and all of its 5.500% notes due 2019 (the "Notes") expired at 5:00 p.m. New York City time, on November 5, 2018. According to information provided by D.F. King & Co., Inc., the Information and Tender Agent for the Tender Offer, $103,145,000 aggregate principal amount of the Notes were validly tendered at or prior to the expiration of the Tender Offer and not validly withdrawn. The Tender Offer was made pursuant to the Offer to Purchase and the related Notice of Guaranteed Delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents").
In addition to the Total Consideration, holders whose Notes are accepted for purchase in the Tender Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the settlement date, which is currently expected to be November 6, 2018. In order to receive the Total Consideration, holders of Notes must validly tender (and not validly withdraw) their Notes at or prior to the Expiration Date, or deliver a properly completed and duly executed Notice of Guaranteed Delivery for their Notes at or prior to the Expiration Date, and tender their Notes at or prior to the Notice of Guaranteed Delivery Date (as defined in the Offer to Purchase), in accordance with the instructions set forth in the Offer to Purchase.
DowDuPont (DWDP) announced its third-quarter earnings on November 1. The company reported revenues of ~$20.12 billion—10.0% growth compared to the pro forma revenues from continuing operations in the third quarter of 2017. The revenues fell marginally short of analysts’ expectations of $20.21 billion.
International Flavors and Fragrances (IFF) is expected to report revenues of $895.83 million in its third-quarter earnings. If International Flavors and Fragrances meets analysts’ expectations, it would be the company’s highest third-quarter revenues. If the company meets the expectations, its third-quarter revenues will have risen at a compound annual growth rate of 3.8% in the past five years.
The latest short interest data as of October 15 showed that DowDuPont’s (DWDP) short interest rose on a sequential basis. According to the data, DowDuPont’s short interest as a percentage of outstanding shares was 0.88%. The short interest increased from 0.74% on September 28. During the same period, DowDuPont stock declined from $64.31 to $58.94.
NEW YORK, Oct. 31, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Eastman Chemical Company (EMN) today announced the public offering of $300 million aggregate principal amount of 3.500% notes due 2021 (the "2021 Notes") and $500 million aggregate principal amount of 4.500% notes due 2028 (the "2028 Notes" and, together with the 2021 Notes, the "Notes"). Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are serving as joint book-running managers for the offering. The offering of the Notes is expected to be completed on November 6, 2018, subject to customary closing conditions. Eastman intends to use the net proceeds from the offering of the Notes, together with cash on hand, to complete the previously announced cash tender offer (the "Tender Offer") for any and all of its $250 million aggregate principal amount of 5.500% notes due 2019 (the "2019 Notes"), which will expire on November 5, 2018, unless extended or earlier terminated, to redeem any 2019 Notes not tendered in the Tender Offer, to redeem $550 million of the approximately $800 million aggregate principal amount outstanding of its 2.70% Notes due 2020, and to pay any related fees and expenses. Any proceeds not used for the foregoing will be used for general corporate purposes. Pending the application of any net proceeds, Eastman expects to invest such net proceeds in cash equivalents.
Moody's Investors Service (Moody's) assigned a Baa2 rating to Eastman Chemical Company's (Eastman) offering of new Senior Unsecured Notes. "Eastman is taking advantage of the low rates to refinance upcoming maturities," stated John Rogers, Senior Vice President at Moody's and lead analyst on Eastman. Eastman's Baa2 rating reflects its size, product diversity, geographic diversity, vertical integration, specialty EBITDA margins ( 15% of sales) in its five business segments, and strong free cash flow generation.
Eastman Chemical Company (EMN) today announced that it has commenced a cash tender offer (the "Tender Offer") for any and all of its outstanding 5.500% notes due 2019 (the "Notes"). A comprehensive description of the terms of the Tender Offer is included in Eastman`s Offer to Purchase, dated October 30, 2018 (the "Offer to Purchase"), and the related Notice of Guaranteed Delivery (the "Notice of Guaranteed Delivery" and, together with the Offer to Purchase, the "Offer Documents"). The Tender Offer is summarized in the table below and is being made upon, and is subject to, the terms and conditions set forth in the Offer Documents. The Tender Offer will expire at 5:00 p.m., New York City time, on November 5, 2018, unless extended or earlier terminated by Eastman (the "Expiration Date").
DowDuPont (DWDP) is scheduled to announce its third-quarter earnings on November 1 before the market opens. DowDuPont will hold a conference call to discuss the results. In this series, we’ll discuss DowDuPont’s stock performance since its second-quarter earnings. We’ll also look at analysts’ revenue and EPS estimates, analysts’ latest recommendations, trends in DowDuPont’s short interest, and institutional holdings.
On October 25, Olin (OLN) announced its 368th consecutive quarterly dividend. To benefit from this dividend, investors must hold Olin common stock at the close of trading on November 9. Olin is expected to pay the dividend on December 10.
On October 25, Eastman Chemical (EMN) announced its third-quarter earnings results. EMN reported adjusted EPS of $2.34, a rise of 6.8% over the previous year.