We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Eastman Chemical Tritan Picked for Panasonic Food Processors
Read MoreHide Full Article
Eastman Chemical Company’s (EMN - Free Report) Tritan copolyester has been selected by Panasonic, a global leader in innovative electronics technologies, as a key material in the latter’s new line of food processors, models MK-F800, 500, and 300. Tritan’s tough properties combined with the high-powered food processors’ cutting edge technology and sleek design will help consumers use professional food preparation techniques at home.
Each food processor will feature a clear, durable jug made from BPA-free Tritan with a maximum capacity of 2.5 L. A great fit for this new product line, Tritan is one of the few materials that meets Panasonic’s high-quality standards of clarity, chemical resistance, toughness and heat resistance. Additionally, it has unique properties that enhance the food processors’ overall functionality and safety.
Tritan is dishwasher safe thus making cleaning quick and easy. Its high heat resistance, chemical resistance against oils and cleaners, and inherent toughness give it the durability needed for repeated use.
Eastman Chemical has underperformed the industry it belongs to over the last three months. The company’s shares have moved up 6.9% over this period, compared with roughly 11% gain recorded by the industry.
The company expects to drive growth on the back of innovation and high margin products amid an uncertain global business environment. Eastman Chemical expects adjusted earnings per share growth in 2017 to be toward the top end of the earlier projected range of 10-12% year over year, excluding the financial impact of the Kingsport operational incident.
The company’s Kingsport coal gasification area suffered an operational incident on Oct 4, However, there were no reports of any adverse impact on the environment or on human health. The company noted that all areas of the manufacturing facility have resumed operations with the exception of coal gasification operations. The coal gasification area is expected to be operational by the end of the fourth quarter.
Though Eastman Chemical is still assessing the financial impact of the incident, it is expected to reduce operating earnings to $50-100 million. The company expects costs associated with the incident to be around $100 million in the fourth quarter.
Ingevity has expected long-term earnings growth of 12%. Its shares have gained 42.2% year to date.
Koppers Holding has expected long-term earnings growth of 18%. Its shares have rallied 23.7% year to date.
Westlake Chemical has expected long-term earnings growth of 10.6%. Its shares have moved up 70.3% year to date.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Image: Bigstock
Eastman Chemical Tritan Picked for Panasonic Food Processors
Eastman Chemical Company Price and Consensus | Eastman Chemical Company Quote
Zacks Rank & Stocks to Consider
Eastman Chemical currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the basic materials space are Ingevity Corporation (NGVT - Free Report) , Koppers Holding Inc. (KOP - Free Report) and Westlake Chemical Corporation (WLK - Free Report) , all sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ingevity has expected long-term earnings growth of 12%. Its shares have gained 42.2% year to date.
Koppers Holding has expected long-term earnings growth of 18%. Its shares have rallied 23.7% year to date.
Westlake Chemical has expected long-term earnings growth of 10.6%. Its shares have moved up 70.3% year to date.
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>