Australia markets closed

DuPont (DD) Introduces Laminex Maxflow 4G Enzyme in Australia

Zacks Equity Research

DuPont de Nemours, Inc. DD introduced an enzyme solution — Laminex Maxflow 4G — in Australia.

Notably, the solution is from the DuPont brewing enzyme range and has an unparalleled capacity to optimize the flow of beer, especially on barley, which is a popular ingredient in Australia.

DuPont Laminex Maxflow 4G is formulated using a special combination of β-glucanase and xylanase, with a specific emphasis on beer filtration and suitability for use with all traditional forms of separation equipment used. Reportedly, it is highly effective in lowering high-molecular-weight β-glucan and pentosan levels in all wort forms, making mash separation and beer filtration much simpler and faster.

The advantages of using Laminex Maxflow 4G include 0.10% higher brewhouse yield, 0.15% lower beer losses and 17.5% higher beer filtration throughput. Notably, the use of Laminex Maxflow 4G will reduce the risk of off-flavor in the finished beer compared to other filtration enzymes on the market.

Reportedly, better beer filtration and reduced risk of filter cake failure would also ensure that cleaning operations will take place less frequently, enabling brewers to minimize the amount of time-consuming and costly production stops, and secure "right-the-first-time " approach.

In January, DuPont said that it expects adjusted earnings per share of $3.70-$3.90 for 2020. The guidance takes into account continued headwinds in nylon pricing and mix. Adjusted earnings for first-quarter 2020 are projected to be 70-74 cents per share.

The company also anticipates 2020 sales between $21.5 billion and $22 billion. Moreover, it expects first-quarter net sales to be down in mid-single digits, factoring in nylon-related headwinds.

DuPont de Nemours, Inc. Price and Consensus


DuPont de Nemours, Inc. Price and Consensus

DuPont de Nemours, Inc. price-consensus-chart | DuPont de Nemours, Inc. Quote

Zacks Rank & Stocks to Consider

DuPont currently carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the basic materials space are Franco-Nevada Corporation FNV, Barrick Gold Corporation GOLD and NovaGold Resources Inc. NG.

Franco-Nevada has a projected earnings growth rate of 24.2% for 2020. The company’s shares have rallied 30.1% in a year. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Barrick Gold currently has a Zacks Rank #2 (Buy) and a projected earnings growth rate of 43.1% for 2020. The company’s shares have gained 18.7% in a year.

NovaGold has a projected earnings growth rate of 11.1% for 2020. It currently flaunts a Zacks Rank #2. The company’s shares have surged 61.6% in a year.

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report
Franco-Nevada Corporation (FNV) : Free Stock Analysis Report
Barrick Gold Corporation (GOLD) : Free Stock Analysis Report
Novagold Resources Inc. (NG) : Free Stock Analysis Report
To read this article on click here.
Zacks Investment Research