Du Pont focuses on what’s important: profitable operations
Posted by: in Stocks Money NewsFiled under: duPont(E.I.)deNemours (DD), Agriculture, Stocks to Buy
Change is rarely easy for any corporation, and when you’re the size of Du Pont, it’s practically an undertaking of epic proportions.
E.I. du Pont de Nemours & Company (NYSE: DD) is the No. 3 chemical maker in the U.S. Analysts say DD’s restructured business operations, which reduced its business units to 5 from 8, including an exit from the pharmaceutical and fibers business, should begin to produce results in 2008.
Analysts see 2008 revenue advancing about 5%-8%, after a 5-7% gain in 2007. DD’s agriculture segment will continue to shine, with revenues increasing about 10-12%, aided by strong seed sales. Further, global chemical demand should offset softness in the U.S. The Reuters FY 2007/FY 2008 EPS consensus estimates for DD are $3.19 to $3.41.
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