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Here's Why You Should Invest in Shin-Etsu Chemical (SHECY)
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Shin-Etsu Chemical Co., Ltd.’s (SHECY - Free Report) efforts to improve its product quality, production capacity and shareholder-friendly policies make it a solid bet for investors now.
It currently sports a Zacks Rank #1 (Strong Buy).
Market sentiments have been positive for Shin-Etsu Chemical for quite some time now. Notably, in the last year, the company’s American Depository Receipts have yielded 28.5% return, outperforming 27.1% gain recorded by the industry it belongs to.
Why the Upgrade?
Shin-Etsu Chemical's financial performance in first-quarter fiscal 2017 (ended Jun 30, 2017) was impressive, with revenues increasing 11.8% year over year. The rise was driven by sales growth in PVC/Chlor-Alkali, Silicones, Semiconductor Silicon and Electronics & Functional Materials business segments. Operating income improved 23.5% while net profits increased 18.5%.
In the quarters ahead, Shin-Etsu Chemical will work toward improving its product quality and building strong customer relationships. Leveraging potential growth opportunities globally through expansion of existing manufacturing facilities and building new facilities will be a priority for the company. For fiscal 2018 (ending Mar 31, 2018), the company anticipates net sales to grow 9.1% year over year while predicts operating income to rise 12.3% and net profits to increase 8%. Also, the company remains committed toward rewarding shareholders with regular dividend payments. Its disbursement for fiscal 2018 will be roughly 8.3% higher than the previous year.
Additionally, Shin-Etsu Chemical will be expanding its silicone production capacity in the United States through expansion of its Ohio-based Akron plant. Also, the company will work for setting a new production facility for silicone emulsions. These projects are anticipated to be complete by mid-2019.
Shin-Etsu Chemical’s solid future prospects have led to positive revision in earnings estimates for the stock. Over the last 60 days, the Zacks Consensus Estimate for the stock increased 8.3% to $1.17 for fiscal 2018 and 14.5% to $1.34 for fiscal 2019.
Shin-Etsu Chemical has a market capitalization of approximately $38.8 billion. Other stocks worth considering in the industry include Koppers Holdings Inc. (KOP - Free Report) , Kronos Worldwide Inc. (KRO - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) . While both Koppers Holdings and Kronos Worldwide sport a Zacks Rank #1, Air Products and Chemicals carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Koppers Holdings pulled off an average positive earnings surprise of 56.60% for the last four quarters. The stock’s earnings estimates stock improved for both 2017 and 2018, over the last 60 days.
Kronos Worldwide delivered an average positive earnings surprise of 76.05% for the trailing four quarters. Also, earnings expectations for 2017 remained stable while improved for 2018 over the past 60 days.
Air Products and Chemicals’ financial performance was impressive, with an average positive earnings surprise of 1.77% for the last four quarters. Also, earnings estimates for fiscal 2017 and fiscal 2018 were revised upward over the last 60 days.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Here's Why You Should Invest in Shin-Etsu Chemical (SHECY)
Shin-Etsu Chemical Co., Ltd.’s (SHECY - Free Report) efforts to improve its product quality, production capacity and shareholder-friendly policies make it a solid bet for investors now.
It currently sports a Zacks Rank #1 (Strong Buy).
Market sentiments have been positive for Shin-Etsu Chemical for quite some time now. Notably, in the last year, the company’s American Depository Receipts have yielded 28.5% return, outperforming 27.1% gain recorded by the industry it belongs to.
Why the Upgrade?
Shin-Etsu Chemical's financial performance in first-quarter fiscal 2017 (ended Jun 30, 2017) was impressive, with revenues increasing 11.8% year over year. The rise was driven by sales growth in PVC/Chlor-Alkali, Silicones, Semiconductor Silicon and Electronics & Functional Materials business segments. Operating income improved 23.5% while net profits increased 18.5%.
In the quarters ahead, Shin-Etsu Chemical will work toward improving its product quality and building strong customer relationships. Leveraging potential growth opportunities globally through expansion of existing manufacturing facilities and building new facilities will be a priority for the company. For fiscal 2018 (ending Mar 31, 2018), the company anticipates net sales to grow 9.1% year over year while predicts operating income to rise 12.3% and net profits to increase 8%. Also, the company remains committed toward rewarding shareholders with regular dividend payments. Its disbursement for fiscal 2018 will be roughly 8.3% higher than the previous year.
Additionally, Shin-Etsu Chemical will be expanding its silicone production capacity in the United States through expansion of its Ohio-based Akron plant. Also, the company will work for setting a new production facility for silicone emulsions. These projects are anticipated to be complete by mid-2019.
Shin-Etsu Chemical’s solid future prospects have led to positive revision in earnings estimates for the stock. Over the last 60 days, the Zacks Consensus Estimate for the stock increased 8.3% to $1.17 for fiscal 2018 and 14.5% to $1.34 for fiscal 2019.
Shin-Etsu Chemical Co. Price and Consensus
Shin-Etsu Chemical Co. Price and Consensus | Shin-Etsu Chemical Co. Quote
Other Stocks to Consider
Shin-Etsu Chemical has a market capitalization of approximately $38.8 billion. Other stocks worth considering in the industry include Koppers Holdings Inc. (KOP - Free Report) , Kronos Worldwide Inc. (KRO - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) . While both Koppers Holdings and Kronos Worldwide sport a Zacks Rank #1, Air Products and Chemicals carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Koppers Holdings pulled off an average positive earnings surprise of 56.60% for the last four quarters. The stock’s earnings estimates stock improved for both 2017 and 2018, over the last 60 days.
Kronos Worldwide delivered an average positive earnings surprise of 76.05% for the trailing four quarters. Also, earnings expectations for 2017 remained stable while improved for 2018 over the past 60 days.
Air Products and Chemicals’ financial performance was impressive, with an average positive earnings surprise of 1.77% for the last four quarters. Also, earnings estimates for fiscal 2017 and fiscal 2018 were revised upward over the last 60 days.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>