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.
DowDuPont Agriculture Unit, Monsanto Land Insect Control Deal
Read MoreHide Full Article
DowDuPont Inc.’s Agricultural unit, Corteva Agriscience and Monsanto Company completed a licensing deal for next generation technology for insect control in corn for the United States and Canada. The terms of the agreement have been kept under wraps.
Under the agreement, Corteva Agrisciences will get a license to integrate Monsanto's Corn Rootworm III and MON89034 traits with the former’s insect control traits. The deal allows the development of a next generation of insect control technology that will be offered with the Enlist herbicide tolerant trait for corn. The combined product will be broad spectrum with multiple modes of action for above and below ground pests.
Also, it will provide more options to the farmers fighting corn rootworm that causes crop damage and extend the durability of industry-leading insect trait technology.
DowDuPont has underperformed the industry it belongs to over the past three months. The company’s shares have lost around 5.3% over this period, compared with roughly 1.6% decline recorded by the industry.
The company, during its first-quarter 2018 call, noted that it has realized cost-synergy savings of more than $300 million in the first quarter and is on track to deliver a 75% run rate against its $3.3-billion cost synergy target by the end of third-quarter 2018. It also returned around $2 billion to shareholders in the first quarter through dividends and share repurchases.
DowDuPont expects net sales in the second quarter to increase more than 10% and operating EBITDA to rise more than 20% on a year-over-year basis.
DowDuPont remains committed to achieve the cost-synergy target, execute its growth projects and deliver new products from its innovation pipeline. The company also expects the Materials Science business spin-off to complete by the end of first-quarter 2019 followed by the separation of Agriculture and Specialty Products businesses by Jun 1, 2019.
FMC Corp has an expected long-term earnings growth rate of 13.6%. Its shares have gained around 24.3% over a year.
Huntsman has an expected long-term earnings growth rate of 8.3%. Its shares have moved up around 21% over a year.
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.
Image: Bigstock
DowDuPont Agriculture Unit, Monsanto Land Insect Control Deal
DowDuPont Inc.’s Agricultural unit, Corteva Agriscience and Monsanto Company completed a licensing deal for next generation technology for insect control in corn for the United States and Canada. The terms of the agreement have been kept under wraps.
Under the agreement, Corteva Agrisciences will get a license to integrate Monsanto's Corn Rootworm III and MON89034 traits with the former’s insect control traits. The deal allows the development of a next generation of insect control technology that will be offered with the Enlist herbicide tolerant trait for corn. The combined product will be broad spectrum with multiple modes of action for above and below ground pests.
Also, it will provide more options to the farmers fighting corn rootworm that causes crop damage and extend the durability of industry-leading insect trait technology.
DowDuPont has underperformed the industry it belongs to over the past three months. The company’s shares have lost around 5.3% over this period, compared with roughly 1.6% decline recorded by the industry.
The company, during its first-quarter 2018 call, noted that it has realized cost-synergy savings of more than $300 million in the first quarter and is on track to deliver a 75% run rate against its $3.3-billion cost synergy target by the end of third-quarter 2018. It also returned around $2 billion to shareholders in the first quarter through dividends and share repurchases.
DowDuPont expects net sales in the second quarter to increase more than 10% and operating EBITDA to rise more than 20% on a year-over-year basis.
DowDuPont remains committed to achieve the cost-synergy target, execute its growth projects and deliver new products from its innovation pipeline. The company also expects the Materials Science business spin-off to complete by the end of first-quarter 2019 followed by the separation of Agriculture and Specialty Products businesses by Jun 1, 2019.
Zacks Rank & Stocks to Consider
DowDuPont is a Zacks Rank #3 (Hold) stock.
Some better-ranked companies in the basic materials space worth considering are FMC Corporation (FMC - Free Report) and Huntsman Corporation (HUN - Free Report) . Both the stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FMC Corp has an expected long-term earnings growth rate of 13.6%. Its shares have gained around 24.3% over a year.
Huntsman has an expected long-term earnings growth rate of 8.3%. Its shares have moved up around 21% over a year.
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 >>