The Chemours Company (CC) provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.
It operates through four segments: Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions.
The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure and BaiMax brands for delivering whiteness, brightness, opacity, and protection in various of applications. The Thermal & Specialized Solutions segment offers of refrigerants, propellants, blowing agents, and specialty solvents. The Advanced Performance Materials segment provides polymers and advanced materials.
Its Chemical Solutions segment offers industrial chemicals used in gold production, industrial, and consumer applications. The company sells its products through direct channels, as well as through a network of resellers and distributors.
Chemours reported 1st Quarter March 2021 earnings of $0.71 per share on revenue of $1.4 billion. The consensus earnings estimate was $0.68 per share on revenue of $1.4 billion. Revenue grew 10.0% on a year-over-year basis.
The company said it expects 2021 earnings of $2.84 to $3.56 per share. The company's previous guidance was earnings of $2.40 to $3.12 per share and the current consensus earnings estimate is $2.66 per share for the year ending December 31, 2021.
This stock should be a great value stock and the stock's operating cash flow should be strong.
Entry Point: $36.50
Stop Loss: $34.50
Trading Range: $41.17 - $100.71
Target Price: $40.75