Latest News for Nitto Denko Stock (OTC:NDEKY)

NITTO DENKO ADR

Nitto Denko

Nitto Denko Corp manufactures and sells a variety of industrial and electronics products. The company sells tape products, which include masking tape for painting and printed-circuit boards, double sided tapes, electrical tape, and sealant materials used in the construction industry. Nitto Denko also sells film products, which include surface protective film, fluoroplastic films used to seal pipes and air filters, and porous film that allows air to pass through but seals water and other liquids. The firm also produces electronics, which include flexible printed circuit boards for smartphones and tablets, and medical products such as drug delivery patches and adhesive sheets.

NITTO DENKO CORP UNSP/ADR by Nitto Denko Corp.

Nitto Denko Corp

<h3>Companies Reporting Before The Bell</h3>
&bull; Hasbro Inc. (NASDAQ:<a class="ticker" href="/stock/HAS#NASDAQ">HAS</a>) is expected to report quarterly earnings at $0.23 per share on revenue of $995.55 million.
&bull; Lincoln Electric Holdings Inc. (NASDAQ:<a class="ticker" href="/stock/LECO#NASDAQ">LECO</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $549.36 million.
&bull; RPM International Inc. (NYSE:<a class="ticker" href="/stock/RPM#NYSE">RPM</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $1.40 billion.
&bull; SAP Inc. (NYSE:<a class="ticker" href="/stock/SAP#NYSE">SAP</a>) is estimated to report quarterly earnings at $1.13 per share on revenue of $6.73 billion.
&bull; Ameris Bancorp Inc. (NASDAQ:<a class="ticker" href="/stock/ABCB#NASDAQ">ABCB</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $220.54 million.
&bull; Affiliated Managers Group Inc. (NYSE:<a class="ticker" href="/stock/AMG#NYSE">AMG</a>) is estimated to report quarterly earnings at $2.73 per share on revenue of $445.67 million.
&bull; Alliance Resource Inc. (NASDAQ:<a class="ticker" href="/stock/ARLP#NASDAQ">ARLP</a>) is estimated to report quarterly loss at $0.43 per share on revenue of $219.05 million.
&bull; Bank of Hawaii Inc. (NYSE:<a class="ticker" href="/stock/BOH#NYSE">BOH</a>) is estimated to report quarterly earnings at $0.90 per share on revenue of $166.72 million.
&bull; Bank7 Inc. (NASDAQ:<a class="ticker" href="/stock/BSVN#NASDAQ">BSVN</a>) is estimated to report quarterly earnings at $0.35 per share on revenue of $11.65 million.
&bull; Community Bank System Inc. (NYSE:<a class="ticker" href="/stock/CBU#NYSE">CBU</a>) is expected to report quarterly earnings at $0.60 per share on revenue of $148.04 million.
&bull; Cemex Inc. (NYSE:<a class="ticker" href="/stock/CX#NYSE">CX</a>) is expected to report quarterly loss at $0.02 per share on revenue of $2.95 billion.
&bull; Diana Shipping Inc. (NYSE:<a class="ticker" href="/stock/DSX#NYSE">DSX</a>) is expected to report quarterly loss at $0.08 per share on revenue of $40.79 million.
&bull; EQT Inc. (NYSE:<a class="ticker" href="/stock/EQT#NYSE">EQT</a>) is expected to report quarterly loss at $0.16 per share on revenue of $784.18 million.
&bull; Republic First Bancorp Inc. (NASDAQ:<a class="ticker" href="/stock/FRBK#NASDAQ">FRBK</a>) is estimated to report earnings for its second quarter.
&bull; HBT Financial Inc. (NASDAQ:<a class="ticker" href="/stock/HBT#NASDAQ">HBT</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $36.86 million.
&bull; Lakeland Financial Inc. (NASDAQ:<a class="ticker" href="/stock/LKFN#NASDAQ">LKFN</a>) is estimated to report quarterly earnings at $0.60 per share on revenue of $49.90 million.
&bull; Professional Holding Inc. (NASDAQ:<a class="ticker" href="/stock/PFHD#NASDAQ">PFHD</a>) is estimated to report earnings for its second quarter.
&bull; Pacific Premier Bancorp Inc. (NASDAQ:<a class="ticker" href="/stock/PPBI#NASDAQ">PPBI</a>) is estimated to report quarterly loss at $0.61 per share on revenue of $129.94 million.
&bull; Silvergate Capital Inc. (NYSE:<a class="ticker" href="/stock/SI#NYSE">SI</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $19.90 million.
&bull; Vermilion Energy Inc. (NYSE:<a class="ticker" href="/stock/VET#NYSE">VET</a>) is estimated to report quarterly earnings at $0.11 per share on revenue of $225.21 million.
&bull; Ryanair Holdings Inc. (NASDAQ:<a class="ticker" href="/stock/RYAAY#NASDAQ">RYAAY</a>) is estimated to report earnings for its first quarter.
&bull; Avery Dennison Inc. (NYSE:<a class="ticker" href="/stock/AVY#NYSE">AVY</a>) is estimated to report quarterly earnings at $1.10 per share on revenue of $1.50 billion.
&bull; Controladora Vuela Inc. (NYSE:<a class="ticker" href="/stock/VLRS#NYSE">VLRS</a>) is estimated to report quarterly loss at $0.83 per share on revenue of $47.66 million.
&nbsp;
&nbsp;
<h3>Companies Reporting After The Bell</h3>
&bull; Amkor Technology Inc. (NASDAQ:<a class="ticker" href="/stock/AMKR#NASDAQ">AMKR</a>) is expected to report quarterly loss at $0.03 per share on revenue of $1.05 billion.
&bull; Brown &amp; Brown Inc. (NYSE:<a class="ticker" href="/stock/BRO#NYSE">BRO</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $571.78 million.
&bull; Crane Inc. (NYSE:<a class="ticker" href="/stock/CR#NYSE">CR</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $623.02 million.
&bull; F5 Networks Inc. (NASDAQ:<a class="ticker" href="/stock/FFIV#NASDAQ">FFIV</a>) is expected to report quarterly earnings at $2.03 per share on revenue of $571.94 million.
&bull; NXP Semiconductors Inc. (NASDAQ:<a class="ticker" href="/stock/NXPI#NASDAQ">NXPI</a>) is estimated to report quarterly earnings at $0.85 per share on revenue of $1.80 billion.
&bull; Independent Bank Gr Inc. (NASDAQ:<a class="ticker" href="/stock/IBTX#NASDAQ">IBTX</a>) is expected to report quarterly earnings at $0.91 per share on revenue of $141.24 million.
&bull; Universal Health Services Inc. (NYSE:<a class="ticker" href="/stock/UHS#NYSE">UHS</a>) is expected to report earnings for its second quarter.
&bull; AGNC Investment Inc. (NASDAQ:<a class="ticker" href="/stock/AGNC#NASDAQ">AGNC</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $298.94 million.
&bull; Alexandria Real Estate Inc. (NYSE:<a class="ticker" href="/stock/ARE#NYSE">ARE</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $340.20 million.
&bull; BCB Bancorp Inc. (NASDAQ:<a class="ticker" href="/stock/BCBP#NASDAQ">BCBP</a>) is estimated to report earnings for its second quarter. 
&bull; Cathay General Inc. (NASDAQ:<a class="ticker" href="/stock/CATY#NASDAQ">CATY</a>) is estimated to report quarterly earnings at $0.57 per share on revenue of $145.43 million.
&bull; Cincinnati Financial Inc. (NASDAQ:<a class="ticker" href="/stock/CINF#NASDAQ">CINF</a>) is expected to report quarterly earnings at $0.67 per share on revenue of $1.61 billion.
&bull; Costamare Inc. (NYSE:<a class="ticker" href="/stock/CMRE#NYSE">CMRE</a>) is expected to report earnings for its second quarter.
&bull; Champions Oncology Inc. (NASDAQ:<a class="ticker" href="/stock/CSBR#NASDAQ">CSBR</a>) is estimated to report earnings for it&#39;s fourth quarter.
&bull; Donegal Group Inc. (NASDAQ:<a class="ticker" href="/stock/DGICA#NASDAQ">DGICA</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $192.37 million.
&bull; Donegal Group Inc. (NASDAQ:<a class="ticker" href="/stock/DGICB#NASDAQ">DGICB</a>) is expected to report earnings for its second quarter.
&bull; Encompass Health Inc. (NYSE:<a class="ticker" href="/stock/EHC#NYSE">EHC</a>) is estimated to report quarterly earnings at $0.51 per share on revenue of $1.08 billion.
&bull; First Interstate BancSys Inc. (NASDAQ:<a class="ticker" href="/stock/FIBK#NASDAQ">FIBK</a>) is expected to report quarterly earnings at $0.51 per share on revenue of $166.30 million.
&bull; Comfort Systems USA Inc. (NYSE:<a class="ticker" href="/stock/FIX#NYSE">FIX</a>) is estimated to report earnings for its second quarter.
&bull; First Bank Inc. (NASDAQ:<a class="ticker" href="/stock/FRBA#NASDAQ">FRBA</a>) is estimated to report quarterly earnings at $0.15 per share on revenue of $15.83 million.
&bull; Forterra Inc. (NASDAQ:<a class="ticker" href="/stock/FRTA#NASDAQ">FRTA</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $389.58 million.
&bull; Franklin Finl Network Inc. (NYSE:<a class="ticker" href="/stock/FSB#NYSE">FSB</a>) is expected to report earnings for its second quarter.
&bull; First National Inc. (NASDAQ:<a class="ticker" href="/stock/FXNC#NASDAQ">FXNC</a>) is expected to report earnings for its second quarter.
&bull; Gladstone Commercial Inc. (NASDAQ:<a class="ticker" href="/stock/GOOD#NASDAQ">GOOD</a>) is expected to report earnings for its second quarter.
&bull; Howard Bancorp Inc. (NASDAQ:<a class="ticker" href="/stock/HBMD#NASDAQ">HBMD</a>) is expected to report quarterly earnings at $0.16 per share on revenue of $17.96 million.
&bull; HomeStreet Inc. (NASDAQ:<a class="ticker" href="/stock/HMST#NASDAQ">HMST</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $76.18 million.
&bull; Heidrick &amp; Struggles Intl Inc. (NASDAQ:<a class="ticker" href="/stock/HSII#NASDAQ">HSII</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $127.32 million.
&bull; HealthStream Inc. (NASDAQ:<a class="ticker" href="/stock/HSTM#NASDAQ">HSTM</a>) is estimated to report earnings for its second quarter.
&bull; Heartland Financial Inc. (NASDAQ:<a class="ticker" href="/stock/HTLF#NASDAQ">HTLF</a>) is expected to report quarterly earnings at $0.45 per share on revenue of $141.32 million.
&bull; Hexcel Inc. (NYSE:<a class="ticker" href="/stock/HXL#NYSE">HXL</a>) is expected to report quarterly earnings at $0.20 per share on revenue of $371.11 million.
&bull; Industrias Bachoco SAB Inc. (NYSE:<a class="ticker" href="/stock/IBA#NYSE">IBA</a>) is expected to report quarterly earnings at $0.72 per share on revenue of $759.00 million.
&bull; Intevac Inc. (NASDAQ:<a class="ticker" href="/stock/IVAC#NASDAQ">IVAC</a>) is expected to report quarterly loss at $0.12 per share on revenue of $17.40 million.
&bull; John Bean Technologies Inc. (NYSE:<a class="ticker" href="/stock/JBT#NYSE">JBT</a>) is expected to report earnings for its second quarter.
&bull; J&amp;J Snack Foods Inc. (NASDAQ:<a class="ticker" href="/stock/JJSF#NASDAQ">JJSF</a>) is expected to report quarterly loss at $0.12 per share on revenue of $184.00 million.
&bull; Luxfer Holdings Inc. (NYSE:<a class="ticker" href="/stock/LXFR#NYSE">LXFR</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $85.15 million.
&bull; Medpace Hldgs Inc. (NASDAQ:<a class="ticker" href="/stock/MEDP#NASDAQ">MEDP</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $174.97 million.
&bull; Trxade Group Inc. (NASDAQ:<a class="ticker" href="/stock/MEDS#NASDAQ">MEDS</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $2.15 million.
&bull; Martin Midstream Partners Inc. (NASDAQ:<a class="ticker" href="/stock/MMLP#NASDAQ">MMLP</a>) is expected to report quarterly loss at $0.06 per share on revenue of $97.86 million.
&bull; NBT Bancorp Inc. (NASDAQ:<a class="ticker" href="/stock/NBTB#NASDAQ">NBTB</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $114.39 million.
&bull; National Oilwell Varco Inc. (NYSE:<a class="ticker" href="/stock/NOV#NYSE">NOV</a>) is expected to report quarterly loss at $0.13 per share on revenue of $1.55 billion.
&bull; ONE Gas Inc. (NYSE:<a class="ticker" href="/stock/OGS#NYSE">OGS</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $274.51 million.
&bull; OneMain Holdings Inc. (NYSE:<a class="ticker" href="/stock/OMF#NYSE">OMF</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $773.29 million.
&bull; PotlatchDeltic Inc. (NASDAQ:<a class="ticker" href="/stock/PCH#NASDAQ">PCH</a>) is expected to report earnings for its second quarter.
&bull; Principal Financial Group Inc. (NASDAQ:<a class="ticker" href="/stock/PFG#NASDAQ">PFG</a>) is expected to report quarterly earnings at $1.25 per share on revenue of $3.72 billion.
&bull; QCR Holdings Inc. (NASDAQ:<a class="ticker" href="/stock/QCRH#NASDAQ">QCRH</a>) is estimated to report quarterly earnings at $0.67 per share on revenue of $41.37 million.
&bull; QTS Realty Trust Inc. (NYSE:<a class="ticker" href="/stock/QTS#NYSE">QTS</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $129.99 million.
&bull; RBB Bancorp Inc. (NASDAQ:<a class="ticker" href="/stock/RBB#NASDAQ">RBB</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $26.96 million.
&bull; Renasant Inc. (NASDAQ:<a class="ticker" href="/stock/RNST#NASDAQ">RNST</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $153.74 million.
&bull; SB Financial Group Inc. (NASDAQ:<a class="ticker" href="/stock/SBFG#NASDAQ">SBFG</a>) is estimated to report earnings for it&#39;s second quarter.
&bull; Simpson Manufacturing Co Inc. (NYSE:<a class="ticker" href="/stock/SSD#NYSE">SSD</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $247.84 million.
&bull; TrueBlue Inc. (NYSE:<a class="ticker" href="/stock/TBI#NYSE">TBI</a>) is expected to report quarterly loss at $0.42 per share on revenue of $347.16 million.
&bull; TCF Finl Inc. (NASDAQ:<a class="ticker" href="/stock/TCF#NASDAQ">TCF</a>) is expected to report quarterly earnings at $0.53 per share on revenue of $526.69 million.
&bull; Tessco Technologies Inc. (NASDAQ:<a class="ticker" href="/stock/TESS#NASDAQ">TESS</a>) is estimated to report earnings for its first quarter.
&bull; Trinet Group Inc. (NYSE:<a class="ticker" href="/stock/TNET#NYSE">TNET</a>) is estimated to report quarterly earnings at $1.08 per share on revenue of $268.46 million.
&bull; USA Truck Inc. (NASDAQ:<a class="ticker" href="/stock/USAK#NASDAQ">USAK</a>) is expected to report quarterly loss at $0.09 per share on revenue of $119.23 million.
&bull; Vocera Communications Inc. (NYSE:<a class="ticker" href="/stock/VCRA#NYSE">VCRA</a>) is expected to report quarterly loss at $0.05 per share on revenue of $40.42 million.

Earnings

News

Pre-Market Outlook

Markets

ABCB

AGNC

AMKR

ARLP

BCBP

BSVN

CATY

CINF

CMRE

CSBR

DGICA

DGICB

FFIV

FIBK

FRBA

FRBK

FRTA

Financial Security Assurance Holdings Ltd

FXNC

GOOD

HBMD

HMST

HSII

HSTM

HTLF

IBTX

IVAC

JJSF

LECO

LKFN

LXFR

MEDP

MEDS

MMLP

NBTB

NDEKY

NXPI

PFHD

PPBI

QCRH

RNST

RYAAY

SBFG

TESS

TNET

USAK

VCRA

VLRS

Earnings Scheduled For July 27, 2020

Intraday Update

Movers

Trading Ideas

AACAF

AACAY

AAGIY

AAIGF

AAMMF

AAUKF

AAVMY

AAVVF

ABBRF

ABCP

ABILF

ABMC

ABNAF

ABSSF

ACDVF

ACGBY

ARCH BIOPARTNERS INC ORD by Arch Biopartners Inc.

ACHFF

ACKRF

ACNDF

ACNNF

ACOPF

ACRL

ACSAY

ACUIF

ADAD

ADDDF

ADDYY

ADMT

ADYEY

AEGOF

AERG

AETUF

AEXAY

AFLYY

AGCBF

AGESY

AGFAF

AGGFF

AHCHY

AHEXY

ALTERNATE HEALTH CORP ORD by Alternate Health Corp.

AHGIF

AHKSF

AHKSY

AHWSF

AIBGY

AIBRF

AIQUY

AIRRF

AISSF

AJMPF

AJXGF

AKAOQ

AKBTY

AKZOY

ALBY

ALEAFIA HEALTH INC ORD by Aleafia Health Inc.

ALEAF

ALFVY

ALIAF

ALIF

Allianz Ag Muenchen Namen-Akt Vinkuliert Shares

ALIZF

ALLVF

ALMTF

ALPMY

ALSMY

ALVOF

ALYI

AMADY

AMAZ

AMBBY

AMIGY

AMKAF

AMKBF

AMKBY

AMLZF

AMMX

AMRQQ

AMXEF

ANEWF

ANGPY

ANPDF

ANPDY

ANSLY

ANTH

ANACONDA MINING INC by Anaconda Mining Inc.

ANXGF

Australia and New Zealand Banking Group Limited

ANZBY

ANZLY

AOIFF

AOMFF

ASCOT RESOURCES LTD by Ascot Resources Ltd.

AOTVF

APELY

APHD

APMCF

AQARF

ARAFF

ARESF

ARGKF

ARKAY

ARNGF

ARREF

ARRRF

Stocks That Hit 52-Week Highs On Tuesday

Due to the varied usage of chemicals, the chemical industry's prospects look bright. Therefore, investing in fundamentally strong chemical stocks, Akzo Nobel (AKZOY), Nitto Denko Corp. (NDEKY), and Innospec Inc. (IOSP), this week might be wise. Read on… Due to its crucial role in global manufacturing, the chemical industry serves as a vital foundation for numerous sectors, including automotive, construction, electronics, healthcare, agriculture, etc. This broad range of applications ensures that the chemical industry remains resilient, even in the face of economic uncertainty.
Given this backdrop, it might be wise to consider fundamentally solid stocks Akzo Nobel N.V. (<a href="https://stocknews.com/stock/AKZOY/">AKZOY</a>), Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>), and Innospec Inc. (<a href="https://stocknews.com/stock/IOSP/">IOSP</a>) to capitalize on the growing demand for chemicals.
According to <a href="https://www.statista.com/markets/410/topic/445/chemical-industry/#statistic1">Statista</a>, the global chemical industry has experienced a consistent growth trajectory over the years, with its total revenue steadily increasing. However, the industry faced a significant setback due to the pandemic, resulting in a 35% decline in revenue in 2020.
Nevertheless, the chemical industry demonstrated signs of recovery in 2021, reaching an all-time high revenue of $4.7 trillion. Despite this volatility, the industry maintains its crucial role as a major contributor to the global economy. Furthermore, it is expected to continue evolving as innovations emerge, shaping its future growth and development.
According to the American Chemistry Council (ACC), the Global Chemical Production Regional Index (Global CPRI) rose by 0.4% in April after a revised 1.5 % increase in March, while the U.S. Chemical Production Regional Index (U.S. CPRI) <a href="https://www.americanchemistry.com/chemistry-in-america/news-trends/press-release/2023/global-and-us-chemical-production-trended-higher-in-april">rose 0.5% in April</a>. 
Moreover, the global specialty chemicals market is expected to reach $882.60 billion by 2028, exhibiting a <a href="https://www.fortunebusinessinsights.com/specialty-chemicals-market-105517">CAGR of 4.7%</a>. These figures indicate the positive trajectory and potential for expansion within the specialty chemicals market in the upcoming years.
The above statistics indicate that the industry might remain in a bright spot this year. With that being said, let us evaluate the fundamentals of the stocks mentioned above in detail.
Akzo Nobel N.V. (<a href="https://stocknews.com/stock/AKZOY/">AKZOY</a>)
Headquartered in Amsterdam, the Netherlands, AKZOY is engaged in the production and sale of paints and coatings globally. It offers decorative paints, including paints, lacquers, and varnishes, and a range of mixing machines and color concepts for the building and renovation industry, as well as specialty coatings.
On May 25, AKZOY Packaging Coatings introduced a new internal coating for beverage can ends called BPA-NI (Bisphenol A non-intent), which provides a viable alternative for makers and coil coaters as they accelerate their transition to bisphenol-free solutions. AKZOY places consumer safety and sustainability at the forefront of its approach to the transition from BPA and bisphenol.
The company is committed to responsible material substitutions that minimize disruptions within the value chain. It actively collaborates with customers to facilitate the rapid adoption of alternative solutions to bisphenol.
On April 19, AKZOY announced its plans to enhance its presence in China through the acquisition of Sherwin-Williams's Chinese Decorative Paints business.
AKZOY's CEO Greg Poux-Guillaume believes that this acquisition would facilitate the realization of their growth objectives in lower-tier regions of China while being strategically aligned with their current operations.
AKZOY's revenue increased 5.2% year-over-year to €2.66 billion ($2.86 billion) in the first quarter (ended March 31, 2023), while its <a href="https://www.investopedia.com/terms/g/grossprofit.asp">gross profit</a> rose marginally from the year-ago value to €982 million ($1.06 billion).
The company's net income attributable to shareholders and adjusted EPS amounted to €94 million ($100.98 million) and €0.73, respectively, in the same period. Also, its adjusted EBITDA came in at €305 million ($327.69 million) for the same period.
The consensus EPS estimate of $1.42 for the fiscal year 2023 (ending December 31) represents a 62.3% improvement year-over-year. The consensus revenue estimate of $11.67 billion for the current year represents a marginal increase from the same period last year. Moreover, it surpassed the revenue estimates in three of its trailing four quarters.
AKZOY's shares have gained 22.4% over the past nine months to close the last trading session at $26.03.
AKZOY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall B rating, which translates to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has a B grade for Growth and Stability. In the 84-stock <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry, it is ranked #6. To see additional ratings of AKZOY for Value, Momentum, Sentiment, and Quality, <a href="https://stocknews.com/stock/AKZOY/">click here</a>.
Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>)
Headquartered in Osaka, Japan, NDEKY is mainly engaged in the industrial tape, optronics, and life science businesses. The company also offers functional thermal transfer systems, medical products, electrical and electronic equipment tapes, dust removal products, fluoroplastic sheets, tapes, porous films, and materials.
On February 17, NDEKY was recognized as one of the "Clarivate Top 100 Global Innovators 2023." This prestigious list compiled by Clarivate Analytics highlights the 100 most inventive companies and research institutions worldwide.
Since its inception in 2012, this award is now celebrating its 12th year, and NDEKY has been honored for the 10th time, which reflects its commitment toward research and innovation.
For the fiscal year 2022, which ended on March 31, 2023, NDEKY's revenue increased 8.9% year-over-year to ¥929.04 billion ($6.66 billion). Its gross profit rose 11.6% from the year-ago value to ¥337.44 billion ($2.42 billion).
The company's net income and EPS amounted to ¥109.26 billion ($783.62 million) and ¥738.48, representing increases of 12.4% and 12.6% from the prior-year period, respectively. Also, its operating income increased 11.3% from the year-ago value to ¥147.17 billion ($1.06 billion).
Analysts expect NDEKY's revenue in the fiscal year 2023 (ending March 2024) to increase 62.9% year-over-year to $6.63 billion. The stock has gained 30.3% year-to-date to close the last trading session at $37.42.
NDEKY's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to Buy in our proprietary rating system.
It has an A grade for Quality and a B for Value and Stability. Within the same industry, it is ranked #8. <a href="https://stocknews.com/stock/NDEKY/">Click here</a> to see NDEKY's ratings for Growth, Momentum, and Sentiment.
Innospec Inc. (<a href="https://stocknews.com/stock/IOSP/">IOSP</a>)
IOSP is an international specialty chemicals company that develops, manufactures, blends, markets, and supplies specialty chemicals and products that are used as additives in various fuels. The company operates through three segments: Performance Chemicals; Fuel Specialties; and Oilfield Services.
On February 23, IOSP received recognition from Henkel for its exceptional innovation. IOSP was honored with the prestigious "Best Innovation Contributor Hair Care - 2022" award for developing a novel product that strengthens hair fibers and prevents protein loss in the hair.
Henkel highlighted this groundbreaking technology featured in its Hair Repair Expert Brand - Gliss Kur. This marks the third time in the last six years that IOSP has been bestowed with the Best Innovation Contributor Award.
IOSP's net sales increased 7.9% year-over-year to $509.60 million in the first quarter (ended March 31, 2023), while its gross profit rose 6.1% from the year-ago value to $147.80 million. The company's net income and EPS amounted to $33.20 million and $1.33, respectively, in the same period. Also, its operating income came in at $41 million for the same period.
During the same period, its total current liabilities amounted to $381.60 million, declining 5.9% compared to $405.80 million for the period that ended December 31, 2022.
Street expects IOSP's revenue for the second quarter (ending June 30, 2023) to increase 6.4% year-over-year to $497.63 million, while its EPS is expected to be $1.32 in the same period. EPS and revenue are expected to reach $6.95 and $2.12 billion in the fiscal year 2024, reflecting 16.6% and 4.4% year-over-year growths, respectively.
Additionally, it surpassed the revenue estimates in each of its trailing four quarters and EPS estimates in three of its trailing four quarters, which is impressive.
Over the past nine months, the stock has gained 14.8% to close the last trading session at $101.52.
It's no surprise that IOSP has an overall rating of B, which equates to Buy in our proprietary rating system. It has a B grade for Stability and Sentiment. Out of 84 stocks in the same industry, it is ranked #11.
In addition to the POWR Ratings we've stated above, we also have IOSP's ratings for Growth, Value, Momentum, and Quality. Get all IOSP ratings <a href="https://stocknews.com/stock/IOSP/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
AKZOY shares were trading at $25.49 per share on Friday afternoon, down $0.54 (-2.07%). Year-to-date, AKZOY has gained 16.16%, versus a 12.99% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Mukherjee</h2> <img src='https:/wp-content/uploads/2023/06/Anushka-Mukherjee_Headshot-2.jpg' style="float:left; padding:5px;width:125px;">Anushka's ultimate aim is to equip investors with essential knowledge that empowers them to make well-informed investment choices and attain sustained financial prosperity in the long run.<a href="https://stocknews.com/authors/?author=anushka-mukherjee">More...</a>The post <a href=https://stocknews.com/news/akzoy-ndeky-iosp-3-chemical-stocks-to-consider-this-week/>3 Chemical Stocks to Consider This Week</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Chemical Stocks to Consider This Week

Chemicals are essential inputs for several industries. With recovering industrial activities, the chemical industry is well-positioned to witness rising demand. Therefore, quality chemical stocks Brenntag SE (BNTGY), Nitto Denko (NDEKY), CSW Industrials (CSWI), and American Vanguard (AVD) could be solid buys in July. Read on… Several geopolitical and economic reasons dampened the chemical industry's performance last year. However, given the extensive use and relevance of chemicals as inputs for several sectors, the industry is poised to grow with recovering industrial activities.
Given this backdrop, I think chemical stocks Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>), Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>), CSW Industrials, Inc. (<a href="https://stocknews.com/stock/CSWI/">CSWI</a>), and American Vanguard Corporation (<a href="https://stocknews.com/stock/AVD/">AVD</a>) are wise additions to one's portfolio now.
Let us briefly discuss what's shaping the chemical industry's prospects before digging deeper into the fundamentals of these stocks.
The chemical industry's end products range from consumer essentials to inputs for manufacturing and construction activities. Hence, its relevance is exceptional.
The U.S. chemical industry is responsible for more than a quarter of the <a href="https://www.cisa.gov/sites/default/files/2023-02/chemical_sector_profile_final_508_2022_0.pdf">U.S. GDP</a>, and it supports the production of almost all commercial and household goods and is essential to economic growth.
To keep pace in the global biomanufacturing race, the U.S. government's initiative to boost domestic manufacturing of plastics, <a href="https://www.spokesman.com/stories/2023/mar/22/biden-administration-plans-to-spur-biological-prod/">chemicals</a>, foods, fuels, and other products using biological processes could fortify the chemical industry.
ABI Research forecasts the chemical industry to spend $4.4 billion on <a href="https://www.abiresearch.com/blogs/2023/02/01/digital-transformation-in-chemical-industry/">digital transformation technologies</a> in 2023, and by 2031, the industry will spend $7.4 billion on the digitalization of its plants, led by the Asia-Pacific region. The global chemical market is anticipated to grow at a <a href="https://www.thebusinessresearchcompany.com/report/chemicals-global-market-report">CAGR of 7.8%</a> to $6.85 trillion in 2027.
Given the tailwinds, chemical stocks BNTGY, NDEKY, CSWI, and AVD, with strong fundamentals, could be wise portfolio additions next month.
Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>)
Headquartered in Essen, Germany, BNTGY purchases and supplies various industrial and specialty chemicals and ingredients in Germany and internationally. The company operates in two segments: Brenntag Essentials and Brenntag Specialties.
On June 29, BNTGY announced a partnership with Coöperatie Koninklijke Avebe U.A. (Royal Avebe), an international farmer cooperative producing potato starch and protein.
The partnership expands the portfolio of supply partners of BNTGY Specialties, offering a broad portfolio of innovative and sustainable products and services to customers around the world.
BNTGY's trailing-12-month cash from operations of $1.43 billion is 558.3% higher than the industry average of $217.77 million. Its trailing-12-month ROCE, ROTC, and ROTA of 19.72%, 11.25%, and 7.73% are 41.4%, 60.8%, and 51.7% higher than the industry averages of 13.94%, 7%, and 5.09%, respectively.
BNTGY's revenue has grown 14.8% and 10.6% CAGRs, over the past three and five years, respectively. Its <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> and net income grew at CAGRs of 20.4% and 21.5%, respectively, over the past three years.
BNTGY's net revenues for the fiscal first quarter that ended March 31, 2023, came in at €4.53 billion ($4.93 billion), while its operating gross profit grew marginally year-over-year to €1.05 billion ($1.14 billion). Its operating EBITA stood at €345.10 million ($375.84 million).
Moreover, profit attributable to BNTGY shareholders and earnings per share came in at €215.90 million ($235.13 million) and €1.40, respectively. For the same quarter, the company's free cash flow increased 822.4% year-over-year to €449.20 million ($489.21 million).
BNTGY's revenue for the fiscal second quarter ending June 2023 is expected to increase 1% year-over-year to $5.27 billion. Moreover, its revenue for the fiscal year ending December 2023 is expected to be $20.54 billion, up marginally year-over-year.
The stock has gained 19.5% over the past six months to close the last trading session at $15.23. Over the past three months, the stock gained 3.3%.
BNTGY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by accounting for 118 distinct factors, with each factor weighted to an optimal degree.
It has an A grade for Momentum and Stability and a B for Value. Within the <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry, it is ranked #17 out of 84 stocks.
<a href="https://stocknews.com/stock/BNTGY/">Click here</a> for BNTGY's additional POWR ratings (Growth, Sentiment, and Quality).
Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>)
Headquartered in Osaka, Japan, NDEKY mainly engages in the industrial tape, optronics, and life science businesses. The company also offers functional thermal transfer systems, medical products, electrical and electronic equipment tapes, dust removal products, fluoroplastic sheets, tapes, porous films, and materials.
As of May 31, 2023, NDEKY repurchased 4,357,200 shares, and the total repurchased amount was approximately ¥37,99 billion ($262.82 million).
NDEKY pays a $0.84 per share dividend annually, translating to a 2.24% yield on the current price. Its four-year average dividend yield is 2.91%.
NDEKY's trailing-12-month gross profit margin of 36.3% is 30.4% higher than the 27.86% industry average. Its trailing-12-month ROCE, ROTC, and ROTA of 12.67%, 10.66%, and 9.46% are 18.6%, 75.2%, and 102.1% higher than the industry averages of 10.68%, 6.08%, and 4.68%, respectively.
NDEKY's revenue has grown 7.8% and 1.6% CAGRs, over the past three and five years, respectively. Its EBITDA and net income grew at CAGRs of 20.7% and 32.3%, respectively, over the past three years.
For the fiscal year which ended on March 31, 2023, NDEKY's revenue increased 8.9% year-over-year to ¥929.04 billion ($6.43 billion). Its gross profit rose 11.6% from the year-ago value to ¥337.44 billion ($2.33 billion), while its operating income increased 11.3% from the year-ago value to ¥147.17 billion ($1.02 billion).
Net income and earnings per share attributable to owners of the parent company amounted to ¥109.26 billion ($755.73 million) and ¥738.48, representing increases of 12.4% and 12.6% from the prior-year period, respectively.
Analysts expect NDEKY's revenue in the fiscal year ending March 2024 to increase 58.3% year-over-year to $6.44 billion.
The stock has gained 25.3% over the past six months to close the last trading session at $36.56. Over the past three months, the stock gained 13%.
NDEKY's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to Buy in our proprietary rating system.
It has an A grade for Quality and B for Value and Stability. Within the Chemicals industry, it is ranked #9.
To see NDEKY's ratings for Growth, Momentum, and Sentiment, <a href="https://stocknews.com/stock/NDEKY/">click here</a>.
CSW Industrials, Inc. (<a href="https://stocknews.com/stock/CSWI/">CSWI</a>)
CSWI operates as a diversified industrial company worldwide. It operates through three segments: Contractor Solutions; Engineered Building Solutions; and Specialized Reliability Solutions.
On April 14, CSWI declared a regular quarterly dividend of $0.19 per share, which was paid to the shareholders on May 12. This represents an increase of $0.02 per share, or approximately 12%, as compared to the declared dividend in the prior quarter.
It pays a $0.76 per share dividend annually, which translates to a 0.47% yield on the current price. Its four-year average dividend yield is 0.54%. The company's dividend payout has grown at a 9% CAGR over the past three years.
CSWI's trailing-12-month gross profit margin of 41.99% is 40.7% higher than the 29.83% industry average. Its trailing-12-month ROCE, ROTC, and ROTA of 19.39%, 10.38%, and 9.24% are 39.1%, 48.3%, and 81.5% higher than the industry averages of 13.94%, 7%, and 5.09%, respectively.
CSWI's revenue has grown 25.2% and 18.4% CAGRs, over the past three and five years, respectively. Its EBITDA and net income grew at CAGRs of 28.7% and 28.3%, respectively, over the past three years.
CSWI's net revenues for the fiscal fourth quarter that ended March 31, 2023, increased 12.9% year-year-over-year to $195.69 million, while its gross profit grew 18% year-over-year to $85.35 million. Its operating income stood at $39.77 million, up 37.4% year-over-year.
Moreover, its adjusted net income attributable to CSWI increased 46.7% year-over-year to $27.06 million, while its adjusted net income per share came in at $1.74, representing a 48.7% increase over the prior-year quarter.
CSWI's revenue and EPS for the fiscal first quarter ending June 2023 are expected to increase 6.8% and 2.4% year-over-year to $213.50 million and $1.93, respectively. It surpassed its consensus EPS and revenue estimates in three of the trailing four quarters, which is promising.
Over the past year, the stock has gained 61.9% to close the last trading session at $163.81. The stock has gained 20.3% over the past three months.
CSWI's POWR Ratings reflect solid prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Momentum and Sentiment and a B for Quality. It is ranked #8 in the same industry.
Beyond what we have stated above, we have also given CSWI grades for Growth, Value, and Stability. <a href="https://stocknews.com/stock/CSWI/">Click here</a> to access all the ratings.
American Vanguard Corporation (<a href="https://stocknews.com/stock/AVD/">AVD</a>)
AVD is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management, and public and animal health. Its products include insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, and soil fumigants, which are marketed in liquid, powder, and granular forms.
On May 25, AVD announced that its Board of Directors approved a program for repurchasing up to $15 million of common stock. AVD's Chairman and CEO, Eric Wintemute, stated, "This authorization to repurchase shares reflects the strong degree of confidence that our Board of Directors has in the strength of AVD's core business, as well as our strategic growth initiatives."
In June, AVD declared a quarterly dividend of $0.03 per share of its common stock for distribution on July 14, 2023. It pays a $0.12 per share dividend annually, which translates to a 0.68% yield on the current price.
Its four-year average dividend yield is 0.44%. The company's dividend payouts have grown at 24.2% and 10.4% CAGRs over the past three and five years, respectively.
AVD's trailing-12-month gross profit margin of 39.07% is 40.2% higher than the 27.86% industry average. Also, its trailing-12-month levered FCF margin of 5.79% is 62.8% higher than the industry average of 3.55%.
AVD's revenue has grown 8% and 8.5% CAGRs, over the past three and five years, respectively. Its EBITDA and net income grew at CAGRs of 7.7% and 23.8%, respectively, over the past three years.
For the fiscal first quarter that ended March 31, 2023, AVD's net sales came in at $124.89 million, while its gross profit stood at $38.54 million. The company's net income and earnings per common share were $1.92 million and $0.07, respectively.
In addition, AVD's net cash provided by financing activities increased 16.9% year-over-year to $43.78 million, while cash and cash equivalents for the same quarter stood at $19.57 million, up 9.7% from the prior-year quarter.
Analysts expect AVD's revenue and EPS for the fiscal second quarter (ending June 2023) to increase 11.2% and 39.1% year-over-year to $164.70 million and $0.32, respectively. For the fiscal year ending December 2023, the company's revenue and EPS are expected to come at $643.20 million and $1.04, up 5.5% and 13% year-over-year, respectively.
Over the past month, AVD has gained 3.2% to close the last trading session at $17.83. The stock has gained 1.3% intraday.
Unsurprisingly, AVD has an overall B rating, equating to a Buy in the POWR Ratings system.
It has a B grade for Value, Sentiment, and Quality. In the Chemicals industry, it is ranked #11.
<a href="https://stocknews.com/stock/AVD/">Click here</a> to view the other ratings of AVD for Growth, Momentum, and Stability.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
BNTGY shares were unchanged in premarket trading Friday. Year-to-date, BNTGY has gained 20.01%, versus a 16.16% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Sristi Suman Jayaswal</h2> <img src='https:/wp-content/uploads/2022/11/Sristi-Suman-Jayaswal_Headshot3.jpg' style="float:left; padding:5px;width:125px;">The stock market dynamics sparked Sristi's interest during her school days, which led her to become a financial journalist. Investing in undervalued stocks with solid long-term growth prospects is her preferred strategy.

Having earned a master's degree in Accounting and Finance, Sristi hopes to deepen her investment research experience and better guide investors.<a href="https://stocknews.com/authors/?author=sristi-sumanjayaswal">More...</a>The post <a href=https://stocknews.com/news/bntgy-ndeky-cswi-avd-4-chemical-stocks-to-buy-in-july/>4 Chemical Stocks to Buy In July</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

4 Chemical Stocks to Buy In July

Chemicals are essential inputs for several industries. With recovering industrial activities, the chemical industry is well-positioned to witness rising demand. Therefore, quality chemical stocks Brenntag SE (BNTGY), Nitto Denko (NDEKY), CSW Industrials (CSWI), and American Vanguard (AVD) could be solid buys in July. Read on… Several geopolitical and economic reasons dampened the chemical industry's performance last year. However, given the extensive use and relevance of chemicals as inputs for several sectors, the industry is poised to grow with recovering industrial activities.
Given this backdrop, I think chemical stocks Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>), Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>), CSW Industrials, Inc. (<a href="https://stocknews.com/stock/CSWI/">CSWI</a>), and American Vanguard Corporation (<a href="https://stocknews.com/stock/AVD/">AVD</a>) are wise additions to one's portfolio now.
Let us briefly discuss what's shaping the chemical industry's prospects before digging deeper into the fundamentals of these stocks.
The chemical industry's end products range from consumer essentials to inputs for manufacturing and construction activities. Hence, its relevance is exceptional.
The U.S. chemical industry is responsible for more than a quarter of the <a href="https://www.cisa.gov/sites/default/files/2023-02/chemical_sector_profile_final_508_2022_0.pdf">U.S. GDP</a>, and it supports the production of almost all commercial and household goods and is essential to economic growth.
To keep pace in the global biomanufacturing race, the U.S. government's initiative to boost domestic manufacturing of plastics, <a href="https://www.spokesman.com/stories/2023/mar/22/biden-administration-plans-to-spur-biological-prod/">chemicals</a>, foods, fuels, and other products using biological processes could fortify the chemical industry.
ABI Research forecasts the chemical industry to spend $4.4 billion on <a href="https://www.abiresearch.com/blogs/2023/02/01/digital-transformation-in-chemical-industry/">digital transformation technologies</a> in 2023, and by 2031, the industry will spend $7.4 billion on the digitalization of its plants, led by the Asia-Pacific region. The global chemical market is anticipated to grow at a <a href="https://www.thebusinessresearchcompany.com/report/chemicals-global-market-report">CAGR of 7.8%</a> to $6.85 trillion in 2027.
Given the tailwinds, chemical stocks BNTGY, NDEKY, CSWI, and AVD, with strong fundamentals, could be wise portfolio additions next month.
Brenntag SE (<a href="https://stocknews.com/stock/BNTGY/">BNTGY</a>)
Headquartered in Essen, Germany, BNTGY purchases and supplies various industrial and specialty chemicals and ingredients in Germany and internationally. The company operates in two segments: Brenntag Essentials and Brenntag Specialties.
On June 29, BNTGY announced a partnership with Coöperatie Koninklijke Avebe U.A. (Royal Avebe), an international farmer cooperative producing potato starch and protein.
The partnership expands the portfolio of supply partners of BNTGY Specialties, offering a broad portfolio of innovative and sustainable products and services to customers around the world.
BNTGY's trailing-12-month cash from operations of $1.43 billion is 558.3% higher than the industry average of $217.77 million. Its trailing-12-month ROCE, ROTC, and ROTA of 19.72%, 11.25%, and 7.73% are 41.4%, 60.8%, and 51.7% higher than the industry averages of 13.94%, 7%, and 5.09%, respectively.
BNTGY's revenue has grown 14.8% and 10.6% CAGRs, over the past three and five years, respectively. Its <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> and net income grew at CAGRs of 20.4% and 21.5%, respectively, over the past three years.
BNTGY's net revenues for the fiscal first quarter that ended March 31, 2023, came in at €4.53 billion ($4.93 billion), while its operating gross profit grew marginally year-over-year to €1.05 billion ($1.14 billion). Its operating EBITA stood at €345.10 million ($375.84 million).
Moreover, profit attributable to BNTGY shareholders and earnings per share came in at €215.90 million ($235.13 million) and €1.40, respectively. For the same quarter, the company's free cash flow increased 822.4% year-over-year to €449.20 million ($489.21 million).
BNTGY's revenue for the fiscal second quarter ending June 2023 is expected to increase 1% year-over-year to $5.27 billion. Moreover, its revenue for the fiscal year ending December 2023 is expected to be $20.54 billion, up marginally year-over-year.
The stock has gained 19.5% over the past six months to close the last trading session at $15.23. Over the past three months, the stock gained 3.3%.
BNTGY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by accounting for 118 distinct factors, with each factor weighted to an optimal degree.
It has an A grade for Momentum and Stability and a B for Value. Within the <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry, it is ranked #17 out of 84 stocks.
<a href="https://stocknews.com/stock/BNTGY/">Click here</a> for BNTGY's additional POWR ratings (Growth, Sentiment, and Quality).
Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>)
Headquartered in Osaka, Japan, NDEKY mainly engages in the industrial tape, optronics, and life science businesses. The company also offers functional thermal transfer systems, medical products, electrical and electronic equipment tapes, dust removal products, fluoroplastic sheets, tapes, porous films, and materials.
As of May 31, 2023, NDEKY repurchased 4,357,200 shares, and the total repurchased amount was approximately ¥37,99 billion ($262.82 million).
NDEKY pays a $0.84 per share dividend annually, translating to a 2.24% yield on the current price. Its four-year average dividend yield is 2.91%.
NDEKY's trailing-12-month gross profit margin of 36.3% is 30.4% higher than the 27.86% industry average. Its trailing-12-month ROCE, ROTC, and ROTA of 12.67%, 10.66%, and 9.46% are 18.6%, 75.2%, and 102.1% higher than the industry averages of 10.68%, 6.08%, and 4.68%, respectively.
NDEKY's revenue has grown 7.8% and 1.6% CAGRs, over the past three and five years, respectively. Its EBITDA and net income grew at CAGRs of 20.7% and 32.3%, respectively, over the past three years.
For the fiscal year which ended on March 31, 2023, NDEKY's revenue increased 8.9% year-over-year to ¥929.04 billion ($6.43 billion). Its gross profit rose 11.6% from the year-ago value to ¥337.44 billion ($2.33 billion), while its operating income increased 11.3% from the year-ago value to ¥147.17 billion ($1.02 billion).
Net income and earnings per share attributable to owners of the parent company amounted to ¥109.26 billion ($755.73 million) and ¥738.48, representing increases of 12.4% and 12.6% from the prior-year period, respectively.
Analysts expect NDEKY's revenue in the fiscal year ending March 2024 to increase 58.3% year-over-year to $6.44 billion.
The stock has gained 25.3% over the past six months to close the last trading session at $36.56. Over the past three months, the stock gained 13%.
NDEKY's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to Buy in our proprietary rating system.
It has an A grade for Quality and B for Value and Stability. Within the Chemicals industry, it is ranked #9.
To see NDEKY's ratings for Growth, Momentum, and Sentiment, <a href="https://stocknews.com/stock/NDEKY/">click here</a>.
CSW Industrials, Inc. (<a href="https://stocknews.com/stock/CSWI/">CSWI</a>)
CSWI operates as a diversified industrial company worldwide. It operates through three segments: Contractor Solutions; Engineered Building Solutions; and Specialized Reliability Solutions.
On April 14, CSWI declared a regular quarterly dividend of $0.19 per share, which was paid to the shareholders on May 12. This represents an increase of $0.02 per share, or approximately 12%, as compared to the declared dividend in the prior quarter.
It pays a $0.76 per share dividend annually, which translates to a 0.47% yield on the current price. Its four-year average dividend yield is 0.54%. The company's dividend payout has grown at a 9% CAGR over the past three years.
CSWI's trailing-12-month gross profit margin of 41.99% is 40.7% higher than the 29.83% industry average. Its trailing-12-month ROCE, ROTC, and ROTA of 19.39%, 10.38%, and 9.24% are 39.1%, 48.3%, and 81.5% higher than the industry averages of 13.94%, 7%, and 5.09%, respectively.
CSWI's revenue has grown 25.2% and 18.4% CAGRs, over the past three and five years, respectively. Its EBITDA and net income grew at CAGRs of 28.7% and 28.3%, respectively, over the past three years.
CSWI's net revenues for the fiscal fourth quarter that ended March 31, 2023, increased 12.9% year-year-over-year to $195.69 million, while its gross profit grew 18% year-over-year to $85.35 million. Its operating income stood at $39.77 million, up 37.4% year-over-year.
Moreover, its adjusted net income attributable to CSWI increased 46.7% year-over-year to $27.06 million, while its adjusted net income per share came in at $1.74, representing a 48.7% increase over the prior-year quarter.
CSWI's revenue and EPS for the fiscal first quarter ending June 2023 are expected to increase 6.8% and 2.4% year-over-year to $213.50 million and $1.93, respectively. It surpassed its consensus EPS and revenue estimates in three of the trailing four quarters, which is promising.
Over the past year, the stock has gained 61.9% to close the last trading session at $163.81. The stock has gained 20.3% over the past three months.
CSWI's POWR Ratings reflect solid prospects. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Momentum and Sentiment and a B for Quality. It is ranked #8 in the same industry.
Beyond what we have stated above, we have also given CSWI grades for Growth, Value, and Stability. <a href="https://stocknews.com/stock/CSWI/">Click here</a> to access all the ratings.
American Vanguard Corporation (<a href="https://stocknews.com/stock/AVD/">AVD</a>)
AVD is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management, and public and animal health. Its products include insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, and soil fumigants, which are marketed in liquid, powder, and granular forms.
On May 25, AVD announced that its Board of Directors approved a program for repurchasing up to $15 million of common stock. AVD's Chairman and CEO, Eric Wintemute, stated, "This authorization to repurchase shares reflects the strong degree of confidence that our Board of Directors has in the strength of AVD's core business, as well as our strategic growth initiatives."
In June, AVD declared a quarterly dividend of $0.03 per share of its common stock for distribution on July 14, 2023. It pays a $0.12 per share dividend annually, which translates to a 0.68% yield on the current price.
Its four-year average dividend yield is 0.44%. The company's dividend payouts have grown at 24.2% and 10.4% CAGRs over the past three and five years, respectively.
AVD's trailing-12-month gross profit margin of 39.07% is 40.2% higher than the 27.86% industry average. Also, its trailing-12-month levered FCF margin of 5.79% is 62.8% higher than the industry average of 3.55%.
AVD's revenue has grown 8% and 8.5% CAGRs, over the past three and five years, respectively. Its EBITDA and net income grew at CAGRs of 7.7% and 23.8%, respectively, over the past three years.
For the fiscal first quarter that ended March 31, 2023, AVD's net sales came in at $124.89 million, while its gross profit stood at $38.54 million. The company's net income and earnings per common share were $1.92 million and $0.07, respectively.
In addition, AVD's net cash provided by financing activities increased 16.9% year-over-year to $43.78 million, while cash and cash equivalents for the same quarter stood at $19.57 million, up 9.7% from the prior-year quarter.
Analysts expect AVD's revenue and EPS for the fiscal second quarter (ending June 2023) to increase 11.2% and 39.1% year-over-year to $164.70 million and $0.32, respectively. For the fiscal year ending December 2023, the company's revenue and EPS are expected to come at $643.20 million and $1.04, up 5.5% and 13% year-over-year, respectively.
Over the past month, AVD has gained 3.2% to close the last trading session at $17.83. The stock has gained 1.3% intraday.
Unsurprisingly, AVD has an overall B rating, equating to a Buy in the POWR Ratings system.
It has a B grade for Value, Sentiment, and Quality. In the Chemicals industry, it is ranked #11.
<a href="https://stocknews.com/stock/AVD/">Click here</a> to view the other ratings of AVD for Growth, Momentum, and Stability.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
BNTGY shares were unchanged in premarket trading Friday. Year-to-date, BNTGY has gained 20.01%, versus a 16.16% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Sristi Suman Jayaswal</h2> <img src='https:/wp-content/uploads/2022/11/Sristi-Suman-Jayaswal_Headshot3.jpg' style="float:left; padding:5px;width:125px;">The stock market dynamics sparked Sristi's interest during her school days, which led her to become a financial journalist. Investing in undervalued stocks with solid long-term growth prospects is her preferred strategy.

Having earned a master's degree in Accounting and Finance, Sristi hopes to deepen her investment research experience and better guide investors.<a href="https://stocknews.com/authors/?author=sristi-sumanjayaswal">More...</a>The post <a href=https://stocknews.com/news/bntgy-ndeky-cswi-avd-4-chemical-stocks-to-buy-in-july/>The 4 Chemical Stocks to Buy Hand Over Fist</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

The 4 Chemical Stocks to Buy Hand Over Fist

The chemical sector is growing steadily thanks to strong demand and its indispensability in several industries. Therefore, investors could look to buy chemical stocks Nitto Denko (NDEKY), CSW Industrials (CSWI), and Orion S.A. (OEC). Keep reading... Despite the current macroeconomic volatility, the chemical industry remains a significant contributor to the global economy, given its widespread demand, and is expected to continue evolving amid innovations. To that end, investors could benefit from fundamentally strong chemical stocks Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>), CSW Industrials, Inc. (<a href="https://stocknews.com/stock/CSWI/">CSWI</a>), and Orion S.A. (<a href="https://stocknews.com/stock/OEC/">OEC</a>).
The chemical sector benefits from being tightly linked with several other industries. The chemistry business is linked with 96% of all manufactured goods, supporting industries such as automotive, agriculture, healthcare, construction, textiles and apparel, and electronics. Therefore, speeding up innovation in the chemical industry arguably fuels advancements in many other sectors.
Amid a rapidly evolving world with the need for sustainable solutions, digitalization has scaled up the operations of chemical companies. Moreover, cloud-based platforms have reinvented the chemical industry by automating data analytics and optimizing spend.
Additionally, the global chemicals market is <a href="https://www.globenewswire.com/en/news-release/2022/06/08/2458592/28124/en/Chemicals-Global-Market-Forecast-Report-2022-2026-CAGR-of-8-4-with-Market-Set-to-Reach-6-371-09-Billion-in-2026.html">expected to grow to $6.37 trillion</a> in 2026 at a CAGR of 8.4%.
Given these factors, investors could look to buy the featured chemical stocks. Let's take a closer look at their fundamentals.
Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>)
Headquartered in Osaka, Japan, NDEKY primarily engages in the adhesive tapes business. The company offers its products to automotive and transportation, housing/housing equipment, infrastructure, material, home appliance and electrical, display, electronic device, medical, packaging, and consumer/personal care industries.
In terms of the trailing-12-month levered FCF margin, NDEKY's 7.54% is 112.3% higher than the 3.55% industry average. Its 9.46% trailing-12-month return on total assets is 102.1% higher than the industry average of 4.68%. Likewise, its 11.75% trailing-12-month <a href="https://www.investopedia.com/terms/n/net_margin.asp">net income margin</a> is 65% higher than the 7.12% industry average.
NDEKY's revenue increased 8.9% year-over-year to ¥929.04 billion ($6.61 billion) for the fiscal year that ended March 31, 2023. Its gross profit increased 11.6% year-over-year to ¥337.44 billion ($2.40 billion). The company's net income increased 12.4% year-over-year to ¥109.26 billion ($777.12 million). Also, its net EPS came in at ¥738.48, representing a 12.6% increase over the prior-year quarter.
Over the past nine months, NDEKY has gained 32.3% to close the last trading session at $35.54
NDEKY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
Within the <a href="https://stocknews.com/category%20Chemicals">Chemicals</a> industry, it is ranked #5 of 85 stocks. The stock has an A grade for Quality and a B for Value and Stability. <a href="https://stocknews.com/stock/NDEKY/">Click here</a> to see the additional ratings of NDEKY for Momentum, Growth, and Sentiment.
CSW Industrials, Inc. (<a href="https://stocknews.com/stock/CSWI/">CSWI</a>)
CSWI operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions; Engineered Building Solutions; and Specialized Reliability Solutions.
In terms of the trailing-12-month levered FCF margin, CSWI's 11.04% is 110.5% higher than the 5.24% industry average. Its 12.72% trailing-12-month net income margin is 100.5% higher than the industry average of 6.35%. Likewise, its 18.34% trailing-12-month EBIT margin is 88.4% higher than the 9.73% industry average.
CSWI's EBITDA for the fiscal fourth quarter ended March 31, 2023, increased 32.8% year-over-year to $49.39 million. Its adjusted net income increased 46.7% year-over-year to $27.06 million, and its adjusted net EPS attributable to CSWI came in at $1.74, representing a 48.7% increase over the prior-year quarter.
CSWI's EPS and revenue estimates for the quarter ending September 30, 2023, are expected to increase 15.3% and 8.6% year-over-year to $1.81 and $207.60 million, respectively. It has a commendable earnings surprise history, surpassing its consensus EPS estimates in two of the trailing four quarters. Over the past nine months, CSWI has gained 33.4% to close the last trading session at $158.18.
CSWI's solid prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. It is ranked #8 in the same industry. It has an A grade for Sentiment and a B for Momentum and Quality. We have also given CSWI grades for Growth, Value, and Stability. Get all CSWI ratings <a href="https://stocknews.com/stock/CSWI/">here</a>.
Orion S.A. (<a href="https://stocknews.com/stock/OEC/">OEC</a>)
Headquartered in Senningerberg, Luxembourg, OEC manufactures and sells carbon black products in Luxembourg and internationally. It operates in two segments: Specialty Carbon Black and Rubber Carbon Black.
In terms of the trailing-12-month Return on Common Equity, OEC's 27.67% is 159.1% higher than the 10.68% industry average. Its 10.63% trailing-12-month return on total capital is 73.8% higher than the 6.12% industry average. Likewise, its 10.48% trailing-12-month CAPEX/Sales is 65.3% higher than the industry average of 6.34%.
OEC's adjusted EBITDA for the fiscal first quarter ended March 31, 2023, increased 21.5% year-over-year to $101.10 million. Its adjusted net income increased 30.7% year-over-year to $45.10 million. The company's gross profit increased 15.7% year-over-year to $136.40 million, and its net EPS came in at $0.74, representing a 29.8% increase over the prior-year quarter.
OEC's EPS and revenue for the fiscal quarter ending September 30, 2023, are expected to increase 7.6% and 1.4% year-over-year to $0.61 and $550.67 million, respectively. It has an impressive earnings surprise history, surpassing its consensus EPS estimates in three of the trailing four quarters. Over the past nine months, OEC has gained 63.4% to close the last trading session at $21.86.
OEC's positive outlook is reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system. It is ranked #7 in the Chemicals industry. It has a B grade for Value and Quality. <a href="https://stocknews.com/stock/OEC/">Click here</a> to see the other ratings of OEC for Growth, Momentum, Stability, and Sentiment.
Is the Bear Market Over?
43 year investment veteran Steve Reitmeister shares his updated stock market outlook &amp; top picks for the rest of 2023. Spoiler Alert: Steve still believes bear case most likely.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2023/?formplacement=artbotad_smo23_rep">Get Stock Market Outlook &amp; Top Picks &gt;</a>

<hr />
NDEKY shares were trading at $35.58 per share on Wednesday morning, up $0.04 (+0.12%). Year-to-date, NDEKY has gained 23.84%, versus a 17.73% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Malaika Alphonsus</h2> <img src='https:/wp-content/uploads/2022/11/Malaika-Alphonsus_Headshot-1.png' style="float:left; padding:5px;width:125px;">Malaika's passion for writing and interest in financial markets led her to pursue a career in investment research.

With a degree in Economics and Psychology, she intends to assist investors in making informed investment decisions.<a href="https://stocknews.com/authors/?author=malaika-alphonsus">More...</a>The post <a href=https://stocknews.com/news/ndeky-cswi-oec-3-chemical-stocks-to-buy-in-july/>3 Chemical Stocks to Buy in July</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Chemical Stocks to Buy in July

With its widespread application across diverse industries and the increasing adoption of sustainable practices, the chemical industry should have a promising future. Amid this, should you invest in three chemical stocks Nitto Denko Corp (NDEKY), NewMarket Corp (NEU), and FutureFuel (FF)? Keep reading to find out… The chemical industry plays a fundamental role in various sectors, such as agriculture, healthcare, automotive, construction, electronics, and more. As a result, the industry benefits from a consistent and stable demand for its products, showcasing resilience even in the face of economic downturns.
Given the backdrop, I have highlighted three fundamentally strong chemical stocks Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>), NewMarket Corporation (<a href="https://stocknews.com/stock/NEU/">NEU</a>), and FutureFuel Corp. (<a href="https://stocknews.com/stock/FF/">FF</a>), which could prove to be wise additions to your portfolio.
Before jumping into the fundamentals of featured stocks and explaining what makes me bullish about them, let us take a look at the factors that could shape the future of this industry.
The chemical sector is known for its focus on research and development. By fostering a culture of continuous innovation, the chemical industry continually generates novel and enhanced products, propelling the market expansion and fortifying its long-term outlook.
The chemicals market witnessed substantial growth, increasing from $4.70 trillion in 2022 to $5.08 trillion in 2023, exhibiting an impressive <a href="https://www.globenewswire.com/news-release/2023/04/21/2652045/0/en/Chemicals-Global-Market-Report-2023.html">CAGR of 8.1%</a>. Looking ahead, the chemicals market is projected to hit $6.85 trillion by 2027, growing at a CAGR of 7.8%, indicating sustained expansion in the coming years.
As the chemical industry is <a href="https://www.iea.org/energy-system/industry/chemicals#tracking">one of the largest emitters of carbon dioxide</a>, environmental concerns and sustainability initiatives have led to a growing focus on eco-friendly and green chemicals, creating new investment opportunities.
In 2022, the global market for <a href="https://www.gep.com/blog/mind/is-the-chemical-industry-on-track-to-achieve-sustainability-targets">green chemicals was valued at approximately $1.70 billion</a> and is projected to grow at a CAGR of around 8%-10% to reach $3.30 billion by the year 2030.
On top of it, the adoption of Artificial Intelligence (AI) is gaining significant attention in chemistry research. AI's predictive capabilities also extend to material costs, making manufacturing processes more efficient and reducing company losses. The global generative AI in the chemical market is expected to reach $1.42 billion by 2032, growing at a <a href="https://techmarketreports.com/report/generative-ai-in-chemical-market/">CAGR of 27.4%</a>.
Considering the industry's varied usage coupled with technology advancements and sustainable practices, the chemical industry should continue to be in a bright spot. That being said, let us now delve deeper into the fundamentals of the featured stocks:
Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>)
Headquartered in Osaka, Japan, NDEKY mainly engages in the adhesive tapes business in Japan and internationally. The company also offers functional thermal transfer systems, medical products, electrical and electronic equipment tapes, dust removal products, fluoroplastic sheets, tapes, porous films, and materials.
On May 31, NDEKY entered a partnership agreement with Crysalis Biosciences Inc. The collaboration aims to co-develop a bio-based solvent using plant-derived acetonitrile, aligning with NDEKY's commitment to carbon neutrality. Additionally, NDEKY will also make strategic investments in Crysalis to further support their joint efforts toward sustainable and eco-friendly solutions.
On February 17, NDEKY was recognized as one of the "Clarivate Top 100 Global Innovators 2023." This prestigious list compiled by Clarivate Analytics highlights the 100 most inventive companies and research institutions worldwide.
Since its inception in 2012, this award is now celebrating its 12th year, and NDEKY was honored for the 10th time, which reflects its commitment to research and innovation.
The stock's trailing-12-month levered FCF and ROTC of 7.54% and 10.44% are 112.3% and 70.7% higher than the industry averages of 3.55% and 6.12%, respectively. Likewise, its trailing-12-month <a href="https://www.investopedia.com/terms/r/return_on_total_assets.asp">ROTA</a> of 9.46% is 102.1% higher than the industry average of 4.68%.
For the fiscal year 2022, which ended on March 31, 2023, NDEKY's revenue increased 8.9% year-over-year to ¥929.04 billion ($6.70 billion). Its gross profit rose 11.6% from the year-ago value to ¥337.44 billion ($2.43 billion).
The company's net income and EPS amounted to ¥109.26 billion ($788.20 million) and ¥738.48, representing increases of 12.4% and 12.6% from the prior-year period, respectively. Also, its operating income increased 11.3% from the year-ago value to ¥147.17 billion ($1.06 billion).
Analysts expect NDEKY's revenue for the first quarter (ended June 30, 2023) to be $1.45 billion. Further, its revenue in the fiscal year 2023 (ending March 2024) is projected to increase 63.9% year-over-year to $6.68 billion.
Over the past three years, its revenue and EBIT have grown at CAGRs of 7.8% and 29.2%, respectively. While its net income and EPS improved at 32.3% and 34.9% CAGRs over the same period, respectively.
The stock has gained 35.9% over the past nine months to close the last trading session at $36.48.
NDEKY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall B rating, translating to Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Quality and a B for Value and Stability. In the 85-stock <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry, it is ranked #5. <a href="https://stocknews.com/stock/NDEKY/">Click here</a> to see NDEKY's ratings for Growth, Momentum, and Sentiment.
NewMarket Corporation (<a href="https://stocknews.com/stock/NEU/">NEU</a>)
NEU engages in the manufacture and sale of petroleum additives. The company provides lubricant additives for use in various vehicle and industrial applications, engine oil additives, and industrial additives designed for products for industrial applications and industrial specialty applications.
On July 3, the company paid its shareholders a quarterly dividend of $2.25 per share on its common stock, reflecting an increase of $0.15 from the last quarterly dividend of $2.10 per share.
NEU pays a $9 per share dividend annually, translating to a 2.06% yield on the current price level. The company's dividend payments have grown at a CAGR of 4.1% over the past five years, and its four-year average dividend yield is 2.17%
NEU's trailing-12-month ROCE and ROTA of 40.05% and 13.52% are 275% and 188.7% higher than the industry averages of 10.68% and 4.68%, respectively. Likewise, its trailing-12-month levered FCF margin of 6.85% is 92.8% higher than the industry average of 3.55%.
During the first quarter that ended March 31, 2023, NEU's total revenue increased 6.1% year-over-year to $702.79 million, while its gross profit rose 27.6% from the year-ago value to $198.04 million.
In addition, the company's net income improved by 64.5% year-over-year to $97.58 million, while its EPS amounted to $10.09, reflecting an increase of 75.5% from the prior-year quarter. Also, its EBITDA came in at $155.89 million, up 40.6% year-over-year.
NEU's revenue and net income have grown at CAGRs of 8.2% and 4.6% over the past three years, respectively. Also, its EPS increased at a CAGR of 8.9% over the same period.
Over the past year, the stock has gained 46.9% to close the last trading session at $437.60.
NEU's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
It has a B grade for Growth, Value, Stability, Sentiment, and Quality. Within the same industry, it is ranked #3. <a href="https://stocknews.com/stock/NEU/">Click here</a> to see NEU's rating for Momentum.
FutureFuel Corp. (<a href="https://stocknews.com/stock/FF/">FF</a>)
FF manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. Its product portfolio includes various custom chemicals used in coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, etc.
On January 4, FF declared a regular quarterly dividend of $0.06 per share to its shareholders, payable on September 15, 2023, and December 15, 2023. The company's annual dividend of $0.24 translates to a 2.55% yield on its prevailing prices, while its four-year average dividend yield is 17.50%.
The stock's trailing-12-month ROCE and ROTC of 17.08% and 9.94% are 59.9% and 62.4% higher than the 10.68% and 6.12% industry averages. Likewise, its trailing-12-month ROTA of 13.04% is 178.6% higher than the industry average of 4.68%.
In the fiscal first quarter that ended March 31, 2023, FF's revenue increased 76.3% year-over-year to $74.16 million, while its gross profit came in at $21.62 million.
The company's net income and EPS amounted to $21.08 million and $0.48 compared to a net loss and loss per share of $12.39 million and $0.28 in the prior-year period, respectively. Also, during the same period, its total current assets stood at $291.49 million, up 6.5% versus $273.78 million as of December 31, 2022.
The company has an impressive earnings surprise history, surpassing the EPS estimates in three of its trailing four quarters. In addition, its revenue has grown at CAGRs of 26.8% and 9.1% over the past three and five years, respectively.
FF's shares have gained 44.8% over the past nine months and 39.1% over the past year to close the last trading session at $9.40
It's no surprise that FF has an overall rating of A, which equates to a Strong Buy in our proprietary rating system. It has a B grade for Growth, Value, and Quality. Out of 85 stocks in the same industry, it is ranked #4.
In addition to the POWR Ratings we've stated above, we also have FF's ratings for Momentum, Stability, and Sentiment. Get all FF ratings <a href="https://stocknews.com/stock/FF/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
NDEKY shares were trading at $35.83 per share on Wednesday afternoon, down $0.65 (-1.78%). Year-to-date, NDEKY has gained 24.71%, versus a 19.83% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Mukherjee</h2> <img src='https:/wp-content/uploads/2023/06/Anushka-Mukherjee_Headshot-2.jpg' style="float:left; padding:5px;width:125px;">Anushka's ultimate aim is to equip investors with essential knowledge that empowers them to make well-informed investment choices and attain sustained financial prosperity in the long run.<a href="https://stocknews.com/authors/?author=anushka-mukherjee">More...</a>The post <a href=https://stocknews.com/news/ndeky-neu-ff-should-you-invest-in-these-3-chemical-stocks/>Should You Invest in These 3 Chemical Stocks?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should You Invest in These 3 Chemical Stocks?

The chemical industry is expected to expand due to robust demand and integration of emerging technologies. Therefore, quality chemical stocks, Nitto Denko (NDEKY), Cabot (CBT) and Fuchs (FUPBY), might be ideal buys for gains this January. Read more... The chemical industry is expected to expand due to strong demand, emerging technologies, and the need for sustainable solutions in the renewable energy and healthcare sectors, as well as improved operational efficiency.
Therefore, fundamentally sound chemical stocks Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>), Cabot Corporation (<a href="https://stocknews.com/stock/CBT/">CBT</a>) and Fuchs SE (<a href="https://stocknews.com/stock/FUPBY/">FUPBY</a>) could be wise portfolio additions.
Before delving deeper into their fundamentals, let's discuss what's happening in the chemical industry.
The chemical industry is poised to embrace industry 4.0, often known as the fourth industrial revolution, by incorporating <a href="https://www.deskera.com/blog/the-latest-trends-in-chemical-manufacturing-technology/">advanced digital technologies</a> such as IoT, AI, and machine learning into its operations. This will increase efficiency, lower costs, and allow for predictive maintenance.
Data analytics will be utilized to obtain insights into operations, improve supply networks, and create innovative materials. This will result in new goods and uses, as well as new markets for chemical manufacturers. Overall, the chemical industry is projected to be transformed by Industry 4.0.
The global artificial intelligence (AI) in chemical market is expected to reach $10.1 billion by 2030, with a <a href="https://www.globenewswire.com/news-release/2023/11/14/2780095/0/en/Artificial-Intelligence-AI-in-Chemical-Market-projected-to-reach-USD-10-1-Billion-by-2030-growing-at-a-CAGR-of-31-9-during-the-forecast-period-of-2023-2030-pronounced-by-MarketDigi.html">31.9% CAGR</a>.
Furthermore, the global specialty chemicals market is expected to increase at a <a href="https://www.globenewswire.com/news-release/2023/12/22/2800690/0/en/Specialty-Chemicals-Market-Size-Estimated-to-Reach-USD-1-244-13-Billion-by-2032.html">CAGR of 4.1%</a> until 2032. The specialty chemicals market is being driven by rising R&amp;D investments, end-use demand, technical developments, and demand for bio-based chemicals.
Considering these conducive trends, let's take a look at the fundamentals of the three above-mentioned <a href="https://stocknews.com/category/chemicals/">Chemicals</a> stocks, starting with the third stock.
Stock #3: Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>)
Headquartered in Osaka, Japan, NDEKY mainly engages in the industrial tape, optronics, and life science businesses. The company also offers functional thermal transfer systems, medical products, electrical and electronic equipment tapes, dust removal products, fluoroplastic sheets, tapes, porous films, and materials.
NDEKY's forward <a href="https://www.investopedia.com/terms/e/enterprisevaluesales.asp">EV/Sales</a> of 1.34x is 17.3% lower than the industry average of 1.62x. Its forward EV/EBITDA of 6.11x is 27.1% lower than the industry average of 8.38x.
NDEKY's trailing-12-month levered FCF margin of 9.61% is 134% higher than the industry average of 4.11%. Its trailing-12-month ROTA of 7.47% is 125.9% higher than the industry average of 3.31%.
For the six-month ended on September 30, 2023, NDEKY's revenue came in at ¥449.34 billion ($3.12 billion). Net income and earnings per share attributable to owners of the parent company amounted to ¥44.22 billion ($307.11 million) and ¥308.77.
The company reported total current assets of ¥697.88 billion ($4.85 billion) as of September 30, 2023, compared to total current assets of ¥677.19 billion ($4.70 billion) as of March 31, 2023.
Street expects NDEKY's revenue to increase 53.4% year-over-year to $6.24 billion for the year ending March 2024. Shares of NDEKY have gained 26.5% over the past year to close the last trading session at $36.45.
NDEKY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
NDEKY also has an A grade for Quality and a B for Value and Stability. It is ranked #12 out of 84 stocks in the <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry. <a href="https://stocknews.com/stock/NDEKY/">Click here</a> for the additional POWR Ratings for Growth, Sentiment and Momentum for NDEKY.
Stock #2: Cabot Corporation (<a href="https://stocknews.com/stock/CBT/">CBT</a>)
CBT operates as a specialty chemicals and performance materials company. The company operates in two segments, Reinforcement Materials; and Performance Chemicals.
CBT's forward non-GAAP P/E of 11.91x is 28.4% lower than the industry average of 16.63x. Its forward EV/Sales of 1.39x is 13.7% lower than the industry average of 1.62x.
CBT's trailing-12-month ROCE of 40.43% is 431.6% higher than the 7.60% industry average. Its trailing-12-month asset turnover ratio of 1.10x is 56.9% higher than the 0.70x industry average.
For the third quarter that ended September 30, 2023, CBT's net sales and other operating revenues came in at $965 million. Its gross profit came in at $225 million and net income stood at $234 million, up 2.3% and 148.9% year-over-year, respectively. Its adjusted EPS of common stock attributable to CBT came in at $1.65, increased 6.5% year-over-year.
The consensus revenue came in at $4.05 billion for the fiscal year ending September 2024 represents a 2.9% increase year-over-year. Its EPS is expected to grow 23% year-over-year to $6.62 for the same year. It surpassed EPS estimates in three of four trailing quarters. CBT's shares have gained 20% over the past year to close the last trading session at $78.80.
CBT's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
It is ranked #6 in the same industry. It has a B grade for Value and Quality. To see additional CBT's ratings for Growth, Stability, Sentiment and Momentum, <a href="https://stocknews.com/stock/CBT/">click here</a>.
Stock #1: Fuchs SE (<a href="https://stocknews.com/stock/FUPBY/">FUPBY</a>)
Headquartered in Mannheim, Germany, FUPBY develops, produces, and sells lubricants and related specialties in Europe, the Middle East, Africa, the Asia Pacific, and North and South America.
FUPBY's forward EV/Sales of 1.35x is 16.6% lower than the industry average of 1.62x. Its forward EV/EBIT of 11.83x is 10.1% lower than the industry average of 13.15x.
FUPBY's trailing-12-month levered FCF margin of 11.90% is 189.6% higher than the industry average of 4.11%. Its trailing-12-month ROTA of 10.96% is 231.7% higher than the industry average of 3.31%.
FUPBY's sales revenue amounted to €876 million ($959.72 million) in the fiscal third quarter that ended September 30, 2023. Its gross profit grew 5.1% from the prior-year quarter to €288 million ($315.52 million), while its EBIT rose 13.4% year-over-year to €110 million ($120.51 million). Also, the company's earnings per share increased 16% from the year-ago value to €0.58.
Street expects FUPBY's revenue to increase marginally year-over-year to $3.96 billion for the year ending December 2024. Its EPS is expected to grow 13.8% year-over-year to $0.67 for the same period. The stock has gained 22.9% over the past year to close the last trading session at $10.76.
It's no surprise that FUPBY has an overall A rating, equating to a Strong Buy in our POWR Ratings system. It has an A grade for Stability and a B for Value, Sentiment and Quality. It is ranked first in the same industry.
Beyond what is stated above, we've also rated FUPBY for Growth and Momentum. Get all FUPBY ratings <a href="https://stocknews.com/stock/FUPBY/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
NDEKY shares were trading at $37.35 per share on Thursday morning, up $0.90 (+2.46%). Year-to-date, NDEKY has gained 0.30%, versus a -1.17% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/ndeky-fupby-cbt-3-chemical-stock-buys-for-january-2024-profits/>3 Chemical Stock Buys for January 2024 Profits</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Chemical Stock Buys for January 2024 Profits

The chemical industry is expected to grow as a result of rising demand and the integration of emerging technologies. Given the industry's growth prospects, chemical stocks RPM International (RPM), Akzo Nobel (AKZOY) and Nitto Denko (NDEKY) might be worth keeping track of. Read on... The chemical industry is well-positioned for long-term growth due to the strong demand for specialized chemicals and the integration of digital technology. Given the industry's growth prospects, fundamentally strong chemical stocks RPM International Inc. (<a href="https://stocknews.com/stock/RPM/">RPM</a>), Akzo Nobel N.V. (<a href="https://stocknews.com/stock/AKZOY/">AKZOY</a>) and Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>) might be ideal additions to your watchlists.
Before delving deeper into their fundamentals, let's discuss what's happening in the chemical industry.
According to the <a href="https://www.americanchemistry.com/chemistry-in-america/news-trends/press-release/2024/chemical-production-closed-the-year-on-an-upswing-both-globally-and-in-the-us">American Chemistry Council</a> (ACC), the Global Chemical Production Regional Index (Global CPRI) rose 0.1% in December, following a revised 0.5% increase in November. In the United States, the Chemical Production Regional Index (U.S. CPRI) increased 0.4% in December.
Martha Moore, ACC's chief economist, said, "The gain in December was led by North America and Asia-Pacific. Even though global production was higher on a year-over-year basis, Europe continued to see weakness as production remained below last year's level."
He further added, "In the U.S., chemical output rose in all regions except the Gulf Coast. There were signs of recovery in the output volumes of agricultural and coatings and other specialty chemicals that offset ongoing weakness in basic industrial chemicals and synthetic materials."
The global chemicals market is expected to be worth $7.79 trillion by 2028, with a <a href="https://www.thebusinessresearchcompany.com/report/chemicals-global-market-report">CAGR of 8.7%</a>. The rising demand for inorganic chemicals in the fertilizer industry is expected to propel the chemicals market forward, as these chemicals improve plant growth and productivity.
Furthermore, the global artificial intelligence (AI) in the chemical market is expected to reach $10.1 billion by 2030, with a <a href="https://www.globenewswire.com/news-release/2023/11/14/2780095/0/en/Artificial-Intelligence-AI-in-Chemical-Market-projected-to-reach-USD-10-1-Billion-by-2030-growing-at-a-CAGR-of-31-9-during-the-forecast-period-of-2023-2030-pronounced-by-MarketDigi.html">31.9% CAGR</a>. Government investments and the incorporation of modern technologies such as IoT and VR are also fueling this expansion.
Considering these conducive trends, let's take a look at the fundamentals of the three above-mentioned <a href="https://stocknews.com/category/chemicals/">Chemicals</a> stocks, starting with the third stock.
Stock #3: RPM International Inc. (<a href="https://stocknews.com/stock/RPM/">RPM</a>)
RPM manufactures and sells specialty chemicals for the industrial, specialty, and consumer markets worldwide.
RPM's trailing-12-month <a href="https://www.investopedia.com/terms/r/roce.asp">ROCE</a> of 23.48% is 224.3% higher than the industry average of 7.24%. Its trailing-12-month ROTA of 8.03% is 133.3% higher than the industry average of 3.44%.
For the fiscal second quarter ended November 30, 2023, RPM's net sales increased marginally from the year-ago quarter to $1.79 billion. Also, adjusted EBIT increased 10.4% year-over-year to $236.89 million and adjusted EPS increased 10.9% year-over-year to $1.22.
Analysts expect RPM's revenue to increase 2% year-over-year to $7.40 billion for the year ending May 2024. Its EPS is expected to grow 15.5% year-over-year to $4.97 for the same period. It surpassed EPS estimates in three of four trailing quarters. The stock has gained 29.1% over the past nine months to close the last trading session at $104.87.
RPM's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this promising outlook. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
RPM has a B grade for Growth and Quality. Within the <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry, it is ranked #9 out of 84 stocks. To see additional POWR Ratings for Value, Stability, Momentum and Sentiment for RPM, <a href="https://stocknews.com/stock/RPM/">click here</a>.
Stock #2: Akzo Nobel N.V. (<a href="https://stocknews.com/stock/AKZOY/">AKZOY</a>)
Based in Amsterdam, Netherlands, AKZOY engages in the production and sale of paints and coatings internationally. It provides decorative paints, lacquers, and varnishes, and a range of mixing machines and color concepts for building, renovation, and specialty coatings segments. It also offers performance coatings for ships, cars, aircraft, and yachts.
AKZOY's trailing-12-month gross profit margin of 38.54% is 35% higher than the industry average of 28.55%. Its 6.67% trailing-12-month levered FCF margin is 43.9% higher than the 4.63% industry average.
During the third quarter that ended September 30, 2023, AKZOY's gross profit grew at 14.7% year-over-year to €1.12 billion ($1.22 billion). The company's adjusted operating income rose 76.1% from the year-ago value to €324 million ($353.31 million). Its adjusted EBITDA grew 46.3% from the prior year's quarter to €414 million ($451.45 million).
Also, the company's net income attributable to shareholders increased 125% year-over-year to €189 million ($206.01 million). Its adjusted earnings per share from continuing operations were €0.99, up 73.7% from the previous year's quarter.
Street expects AKZOY's revenue to increase marginally year-over-year to $11.76 billion for the year ending December 2024. Its EPS is expected to grow 11.9% year-over-year to $1.53 for the same period. AKZOY's shares have gained 12.5% over past three months to close the last trading session at $25.59.
It's no surprise that AKZOY has an overall B rating, equating to a Buy in our POWR Ratings system. It has an A grade for Growth and a B for Stability and Quality. It is ranked #8 in the same industry.
Beyond what is stated above, we've also rated AKZOY for Value, Sentiment and Momentum. Get all AKZOY ratings <a href="https://stocknews.com/stock/AKZOY/">here</a>.
Stock #1: Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>)
Headquartered in Osaka, Japan, NDEKY mainly engages in the industrial tape, optronics, and life science businesses. The company also offers functional thermal transfer systems, medical products, electrical and electronic equipment tapes, dust removal products, fluoroplastic sheets, tapes, porous films, and materials.
NDEKY's trailing-12-month levered FCF margin of 6.62% is 42.8% higher than the industry average of 4.63%. Its trailing-12-month ROTA of 7.93% is 130.3% higher than the industry average of 3.44%.
For the nine-month ended on December 31, 2023, NDEKY's revenue came in at ¥693.90 billion ($4.69 billion). Net income and earnings per share attributable to owners of the parent company amounted to ¥81.60 billion ($551.08 million) and ¥570.62.
The company reported total current assets of ¥693.57 billion ($4.68 billion) as of December 31, 2023, compared to total current assets of ¥677.19 billion ($4.70 billion) as of March 31, 2023.
The consensus revenue estimate of $6.25 billion for the year ending March 2024 reflects a 53.4% rise year-over-year. The stock has gained 36.2% over the past year to close the last trading session at $43.01.
NDEKY has an overall B rating, equating to a Buy in our POWR Ratings system.
NDEKY's is ranked #4 in the same industry. It has an A grade for Quality and a B for Stability. To see additional NDEKY's ratings for Momentum, Growth, Sentiment and Value, <a href="https://stocknews.com/stock/NDEKY/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
RPM shares were trading at $105.66 per share on Wednesday morning, up $0.79 (+0.75%). Year-to-date, RPM has declined -4.94%, versus a 4.65% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rashmi Kumari</h2> <img src='https:/wp-content/uploads/2022/10/Rashmi-Kumari_headshot_2-1.jpg' style="float:left; padding:5px;width:125px;">Rashmi is passionate about capital markets, wealth management, and financial regulatory issues, which led her to pursue a career as an investment analyst. With a master's degree in commerce, she aspires to make complex financial matters understandable for individual investors and help them make appropriate investment decisions.<a href="https://stocknews.com/authors/?author=rashmi-kumari">More...</a>The post <a href=https://stocknews.com/news/rpm-akzoy-ndeky-3-chemical-stocks-to-watch-for-weekly-profits/>3 Chemical Stocks to Watch for Weekly Profits</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Chemical Stocks to Watch for Weekly Profits

The chemical sector's growth prospects look promising thanks to growing demand from end-use industries, technological innovation, and robust government incentives. Therefore, it could be wise to buy quality chemical stocks Nitto Denko (NDEKY), Akzo Nobel (AKZOY), and Fuchs (FUPBY) for future gains. Read more... Several end-use industries, such as automotive, consumer goods, building &amp; construction, and electronics, rely heavily on chemicals for manufacturing processes. Further, numerous technological advancements and sustainability initiatives, including the shift toward bio-based chemicals and green chemistry practices, would create new growth opportunities.
Given the industry's rosy prospects, investors could consider buying fundamentally sound chemical stocks Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>), Akzo Nobel N.V. (<a href="https://stocknews.com/stock/AKZOY/">AKZOY</a>), and Fuchs SE (<a href="https://stocknews.com/stock/FUPBY/">FUPBY</a>) for potential returns.
The American Chemistry Council anticipates capital spending in the U.S. chemical industry will remain relatively stable in 2024 before accelerating to a growth rate of <a href="https://www2.deloitte.com/us/en/insights/industry/oil-and-gas/chemical-industry-outlook.html?id=us:2ps:3gl:chemout24:awa:industryoutlook:011824:chemical%20industry%20outlook:b:c:kwd-298218222617&amp;gad_source=1&amp;gclid=Cj0KCQiAzoeuBhDqARIsAMdH14HsFwgJADITYMg46e-TfYcieCncIA_-WgF13LelP3WQnMdGxcfk0PsaAnk7EALw_wcB">3%-4% annually in 2025-2026</a>.
The chemicals market is expected to reach $7.79 billion by 2028, growing at a <a href="https://www.thebusinessresearchcompany.com/report/chemicals-global-market-report">CAGR of 8.7%</a>. Key market trends include sustainability and green chemistry, advanced materials, and digitalization. Further, new government policies and incentives encouraging investment in energy transition have stimulated manufacturing activity reliant on chemicals.
In recent years, digitalization has transformed the chemicals industry, revolutionizing traditional manufacturing processes and operational paradigms. One of the most significant impacts of digital transformation is seen in the realm of smart manufacturing.
By leveraging advanced technologies like the Industrial Internet of Things (IIoT), Artificial Intelligence (AI), automation, and data analytics, chemical companies have achieved unprecedented levels of efficiency, agility, and quality control in their manufacturing processes. Also, digitalization has catalyzed innovation and product development within the sector.
The <a href="https://www.precedenceresearch.com/internet-of-things-in-chemical-market">global IoT in the chemical market</a> is projected to hit around $232.66 billion by 2032, expanding at a CAGR of 13.5%.
Considering these encouraging trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry stocks, beginning with the third choice.
Stock #3: Nitto Denko Corporation (<a href="https://stocknews.com/stock/NDEKY/">NDEKY</a>) 
Headquartered in Osaka, Japan, NDEKY mainly engages in the industrial tape, optronics, and life science businesses. The company also offers functional thermal transfer systems, medical products, electrical and electronic equipment tapes, dust removal products, fluoroplastic sheets, tapes, porous films, and materials.
NDEKY's trailing-12-month gross profit margin of 34.92% is 28.5% higher than the industry average of 22.64%. Also, the stock's  trailing-12-month ROTC and ROTA of 8.05% and 7.93% are significantly higher than the industry averages of 5.06% and 2.95%, respectively.
For the nine-month period that ended on December 31, 2023, NDEKY reported revenue of ¥693.90 billion ($4.58 billion). Its net income and earnings per share attributable to owners of the parent company amounted to ¥81.60 billion ($538.89 million) and ¥570.62, respectively.
Additionally, the company's total current assets stood at  ¥693.57 billion ($4.58 billion) as of December 31, 2023, compared to ¥677.19 billion ($4.47 billion) as of March 31, 2023.
For the fourth quarter ending March 2024, Street expects NDEKY's revenue to increase 5.1% year-over-year to $1.49 billion. Likewise, the consensus revenue estimate of $6.10 billion for the fiscal year 2024 reflects a 49.86% rise year-over-year.
NDEKY's stock has soared 39.5% over the past six months to close the last trading session at $46.78.
NDEKY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade for Quality and a B in Stability. It is ranked #6 in the 82-stock B-rated <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry.
Beyond what is stated above, we've also rated NDEKY for Growth, Momentum, Value, and Sentiment. Get all NDEKY ratings <a href="https://stocknews.com/stock/NDEKY/">here</a>.
Stock #2: Akzo Nobel N.V. (<a href="https://stocknews.com/stock/AKZOY/">AKZOY</a>)
Based in Amsterdam, Netherlands, AKZOY engages in the production and sale of paints and coatings internationally. It provides decorative paints, lacquers, and varnishes, and a wide range of mixing machines and color concepts for building, renovation, and specialty coatings segments. It also offers performance coatings for ships, cars, aircraft, and yachts.
AKZOY's trailing-12-month gross profit margin of 36.69% is 39.4% higher than the industry average of negative 28.48%. Its trailing-12-month ROTC margin of 6.47% is 27.9% higher than the 5.06% industry average. Also, the stock's trailing-12-month levered FCF margin of 8.71% is 67.1% higher than the 5.21% industry average.
For the fiscal fourth quarter that ended December 31, 2023, AKZOY's total revenues came in at €10.67 billion ($11.57 billion). Its gross profit rose 7.9% year-over-year to €4.23 billion ($4.59 billion). Also, its operating income and profit for the period increased 45.3% and 27.8% year-over-year to €1.03 billion ($1.12 billion) and €483 million ($523.61 billion), respectively.
Analysts expect AKZOY's revenue for the fiscal year ending December 2024 to increase 1.3% year-over-year to $11.64 million. The company's EPS is estimated to grow 35.3% year-over-year to $1.48 for the ongoing year. Moreover, the company has surpassed the consensus revenue estimates in three of the trailing four quarters, which is remarkable.
Shares of AKZOY have gained 3% over the past three months to close the last trading session at $24.91.
AKZOY's POWR Ratings reflect bright prospects. The stock has an overall rating of A, which equates to Strong Buy in our proprietary rating system.
AKZOY has a B grade for Value, Quality, Stability, and Growth. It is ranked #5 in the B-rated Chemicals industry.
In addition to the POWR Ratings highlighted above, one can access AKZOY's ratings for Sentiment and Momentum <a href="https://stocknews.com/stock/AKZOY/">here</a>.
Stock #1: Fuchs SE (<a href="https://stocknews.com/stock/FUPBY/">FUPBY</a>)
Headquartered in Mannheim, Germany, FUPBY develops, produces, and sells lubricants and related specialties in Europe, the Middle East, Africa, the Asia Pacific, and North and South America.
FUPBY's trailing-12-month EBIT margin of 11.69% is 6.4% higher than the industry average of 10.99%, and its trailing-12-month gross profit margin of 32.08% is 12.7% higher than the industry average of 28.48%. In addition, the stock's trailing-12-month levered FCF margin of 12.78% is 145.3% higher than the 5.21% industry average.
During the fourth quarter, which ended December 31, 2023, FUPBY reported sales revenues of €843 million ($913.88 million). Its gross profit increased 10.5% from the previous-year quarter to €283 million ($306.80 million). The company's earnings after tax and EPS were €64 million ($69.38 million) and €0.47, up 4.9% and 4.4% year-over-year, respectively.
Analysts expect FUPBY's revenue to increase marginally year-over-year to $3.90 billion for the fiscal year ending December 2024. Its EPS is expected to grow 12.4% year-over-year to $0.64 for the current year. Also, the company has surpassed the consensus revenue estimates in three of the trailing four quarters.
Shares of FUPBY have surged  32.8% over the past six months to close the last trading session at $12.24.
FUPBY's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of A, which equates to Strong Buy in our proprietary rating system.
FUPBY has an A grade for Stability and a B in Sentiment and Quality. It is ranked #4 in the same industry.
<a href="https://stocknews.com/stock/FUPBY/">Click here</a> to access the additional FUPBY ratings (Momentum, Growth, and Value).
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
NDEKY shares were trading at $46.72 per share on Wednesday morning, down $0.06 (-0.14%). Year-to-date, NDEKY has gained 25.46%, versus a 9.73% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/ndeky-akzoy-fupby-3-chemical-stocks-to-buy-for-future-success/>3 Chemical Stocks to Buy for Future Success</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Latest News for Nitto Denko Stock (OTC:NDEKY)

Monday, July 27, 2020

Tuesday, March 24, 2020