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Tuesday, December 13, 2011

DuPont earnings per share forecast 2012

DuPont earnings per share forecast 2012 ; E.I. du Pont de Nemours (DuPont) (NYSE:DD) reported its sales and earnings guidance for the full year 2012, which was in line with Street estimates. For the full year 2012, DuPont said it expects earnings to be between $4.20 and $4.40 per share. The chemicals company said this represents a seven percent to 12 percent increase over the midpoint of its full-year 2011 guidance.

Late last week, the company cut its earnings in the range of $3.87 to $3.95 per share, down from its earlier forecast of $3.97 to $4.05 issued in November.

Analysts were expecting full-year earnings of $4.04 per share, according to Bloomberg. For 2012, analysts expect $4.26 per share.

Revenues for 2012 are expected between $40 billion and $42 billion, with analysts expecting $41.6 billion. For 2011, DuPont said it expects revenues to be up about 20 percent, representing about $37.8 billion in sales.

DuPont CEO Ellen Kullman commented: "DuPont expects nearly $12 billion of revenue from products introduced in the previous four years, roughly 30 percent of company sales in 2011. That demonstrates the power of our innovation."

Looking forward, DuPont said it expects double-digit long-term compound annual sales growth throughout most of its business segments.

In agriculture, DuPont said it anticipates growth between eight percent and 10.0 percent, largely on international seed growth and the North American introduction of the Optimum AcreMax family of products, as well as new product-driven volume and price growth in crop protection.

In electronics and communications, sales are expected to rise between 10.0 percent and 12.0 percent, as photovoltaic installations increase about 10.0 percent in 2012.

Performance chemicals sales are expected to rise between six percent and eight percent, while revenues from the sale of performance materials is expected to rise between four percent and six percent, despite the devastating effects of the Japanese earthquake and tsunami in March 2011.

The company also said it expects synergies from its January 2011, $6.3 billion acquisition of specialty foods ingredients maker, Danisco, to deliver $130 million in savings.

In New York, DuPont shares rose 1.82 percent to $44.71, as of 10:00 am EDT. So far this year, the company's stock has shed 10.16 percent. For the latest updates on the stock market, visit Stock Market Today

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