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 (EMN) to Expand Tertiary Amines Capacity at Ghent Plant
Read MoreHide Full Article
Eastman Chemical Company (EMN - Free Report) announced that it will expand its capacity to produce tertiary amines at its Ghent, Belgium, plant to meet the increasing demand for hand sanitizers, wipes, sprays, liquid dish soap and other household cleaning products.
In the wake of COVID-19 pandemic, Eastman is taking its responsibilities toward customers seriously to enhance cleanliness and safety. It is the world’s leading producer of tertiary amines and hence is making significant investments to cater to this important market.
Eastman has already expanded its capacity at the Pace, Florida unit, making it the largest tertiary amine unit in the world. Further investments are being considered there as well.
Shares of Eastman have rallied 30.9% over a year compared with 11.6% rise of its industry.
Eastman’s adjusted earnings and sales in the third quarter beat the respective Zacks Consensus Estimate. It entered the fourth quarter with strong momentum and expects adjusted earnings per share (EPS) for fourth quarter to be similar to fourth-quarter 2019 adjusted EPS of $1.42.
The company is also on track to deliver roughly $150 million of cost savings in 2020 with around $40 million expected in the fourth quarter. Moreover, it expects to generate more than $1 billion of free cash flow this year.
Some better-ranked stocks worth considering in the basic materials space are Bunge Limited (BG - Free Report) , Silvercorp Metals Inc. (SVM - Free Report) , and Pretium Resources Inc. .
Bunge has a projected earnings growth rate of 43% for the current year. The company’s shares have gained around 11% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Silvercorp has an expected earnings growth rate of 40% for the current year. The company’s shares have rallied around 24% in the past year. It currently carries a Zacks Rank #2 (Buy).
Pretium Resources has an expected earnings growth rate of 25.5% for the current year. The company’s shares have gained around 13% in the past year. It currently carries a Zacks Rank #2.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Image: Bigstock
Eastman (EMN) to Expand Tertiary Amines Capacity at Ghent Plant
Eastman Chemical Company (EMN - Free Report) announced that it will expand its capacity to produce tertiary amines at its Ghent, Belgium, plant to meet the increasing demand for hand sanitizers, wipes, sprays, liquid dish soap and other household cleaning products.
In the wake of COVID-19 pandemic, Eastman is taking its responsibilities toward customers seriously to enhance cleanliness and safety. It is the world’s leading producer of tertiary amines and hence is making significant investments to cater to this important market.
Eastman has already expanded its capacity at the Pace, Florida unit, making it the largest tertiary amine unit in the world. Further investments are being considered there as well.
Shares of Eastman have rallied 30.9% over a year compared with 11.6% rise of its industry.
Eastman’s adjusted earnings and sales in the third quarter beat the respective Zacks Consensus Estimate. It entered the fourth quarter with strong momentum and expects adjusted earnings per share (EPS) for fourth quarter to be similar to fourth-quarter 2019 adjusted EPS of $1.42.
The company is also on track to deliver roughly $150 million of cost savings in 2020 with around $40 million expected in the fourth quarter. Moreover, it expects to generate more than $1 billion of free cash flow this year.
Eastman Chemical Company Price and Consensus
Eastman Chemical Company price-consensus-chart | Eastman Chemical Company Quote
Zacks Rank and Key Picks
Eastman currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks worth considering in the basic materials space are Bunge Limited (BG - Free Report) , Silvercorp Metals Inc. (SVM - Free Report) , and Pretium Resources Inc. .
Bunge has a projected earnings growth rate of 43% for the current year. The company’s shares have gained around 11% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Silvercorp has an expected earnings growth rate of 40% for the current year. The company’s shares have rallied around 24% in the past year. It currently carries a Zacks Rank #2 (Buy).
Pretium Resources has an expected earnings growth rate of 25.5% for the current year. The company’s shares have gained around 13% in the past year. It currently carries a Zacks Rank #2.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>