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Stock Update (NYSE:DD): Dyadic International, Inc. Announces Closing of Sale of Industrial Technology Business to Dupont Industrial Biosciences

[GlobeNewswire] – JUPITER, Fla., Dec. 31, 2015– Dyadic International, Inc. announced the closing of the previously announced sale of substantially all of the assets of its Industrial Technology business to DuPont’ s Industrial … Read more on this. E. I. du Pont de Nemours and Company (DD) , valued at $58.37B, started trading this morning at $67.20. Looking at today’s trading action, the company’s one day range from $66.58 to $67.64 with its 52-week range being $47.11 to $76.59. DD shares are currently priced at 24.39x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.58x earnings multiple. And for dividend hunters, the company pays shareholders $1.52 per share annually in dividends, yielding 2.25%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $0.27 per share, which would be $0.30 worse than the year-ago quarter and a $0.26 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.77 is a $0.59 worse when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.39 Billion. If reported, that would be a 26.96% decrease over the year-ago quarter. Recently, BofA/Merrill upgraded DD from Underperform to Buy (Dec 18, 2015). Previously, Citigroup upgraded DD from Neutral to Buy. Investors should keep in mind is that the average price target is $71.50, which is 6.40% above where the stock opened this morning. See more in (NYSE:DD) Similar Articles: Market Update: E I du Pont de Nemours and Company (NYSE:DD) – DuPont Announces 2015 Safety and Sustainability Award Recipients Stock Update: E I du Pont de Nemours and Company (NYSE:DD) – Tessenderlo Kerley, Inc. Acquires Global Hexazinone Herbicide Business Assets from DuPont Crop Protection Company Update (NYSE:DD): DuPont Names Rose Lee as President, DuPont Protection Technologies
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