DuPont de Nemours (NYSE:DD) Releases FY 2024 Earnings Guidance

DuPont de Nemours (NYSE:DD) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share guidance of 3.700-3.800 for the period, compared to the consensus earnings per share estimate of 3.630. The company issued revenue guidance of $12.4 billion-$12.5 billion, compared to the consensus revenue estimate of $12.3 billion.

DuPont de Nemours Stock Performance

Shares of DD opened at $78.53 on Monday. The stock has a market capitalization of $32.83 billion, a PE ratio of 95.77, a price-to-earnings-growth ratio of 2.54 and a beta of 1.34. The business’s fifty day moving average price is $80.02 and its 200 day moving average price is $75.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.61. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $85.12.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities research analysts forecast that DuPont de Nemours will post 3.69 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.94%. DuPont de Nemours’s payout ratio is currently 185.37%.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an outperform rating in a research report on Monday, August 5th. Barclays increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an equal weight rating in a report on Tuesday, May 28th. Mizuho boosted their target price on DuPont de Nemours from $83.00 to $100.00 and gave the stock a buy rating in a report on Thursday, May 23rd. UBS Group increased their price target on DuPont de Nemours from $93.00 to $98.00 and gave the company a buy rating in a research note on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a buy rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $95.00.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.