Corteva (NYSE:CTVA) Updates FY 2025 Earnings Guidance

Corteva (NYSE:CTVA) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.000-3.200 for the period, compared to the consensus earnings per share estimate of 3.140. The company issued revenue guidance of $17.6 billion-$17.8 billion, compared to the consensus revenue estimate of $17.6 billion.

Analyst Ratings Changes

Several brokerages recently commented on CTVA. Citigroup lowered Corteva from a “neutral” rating to a “mixed” rating in a research note on Friday, September 5th. Wells Fargo & Company reiterated an “overweight” rating and issued a $83.00 price objective (up previously from $82.00) on shares of Corteva in a research report on Friday, August 8th. Jefferies Financial Group restated a “buy” rating on shares of Corteva in a research report on Friday, June 6th. Oppenheimer set a $87.00 target price on Corteva and gave the stock an “outperform” rating in a research report on Tuesday, July 15th. Finally, Barclays raised Corteva from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $75.00 to $84.00 in a research report on Wednesday, August 13th. Thirteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.00.

Corteva Trading Down 9.2%

Shares of CTVA stock opened at $61.41 on Thursday. The stock’s fifty day moving average price is $71.64 and its two-hundred day moving average price is $68.83. The company has a market cap of $41.70 billion, a PE ratio of 29.95, a P/E/G ratio of 1.55 and a beta of 0.77. Corteva has a fifty-two week low of $53.40 and a fifty-two week high of $77.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.23 and a current ratio of 1.68.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Wednesday, August 6th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.31. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.26 billion. Corteva had a return on equity of 8.68% and a net margin of 8.16%.Corteva’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $1.83 EPS. Equities analysts predict that Corteva will post 2.96 EPS for the current fiscal year.

Corteva Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Corteva’s previous quarterly dividend of $0.17. Corteva’s dividend payout ratio is presently 35.12%.

Insider Transactions at Corteva

In other Corteva news, EVP Robert D. King sold 37,280 shares of Corteva stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $74.20, for a total transaction of $2,766,176.00. Following the completion of the transaction, the executive vice president owned 49,262 shares in the company, valued at approximately $3,655,240.40. The trade was a 43.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On Corteva

Institutional investors have recently bought and sold shares of the company. Cresset Asset Management LLC lifted its holdings in Corteva by 2.6% in the second quarter. Cresset Asset Management LLC now owns 7,063 shares of the company’s stock valued at $526,000 after buying an additional 181 shares during the period. Binnacle Investments Inc lifted its holdings in Corteva by 54.7% in the second quarter. Binnacle Investments Inc now owns 512 shares of the company’s stock valued at $38,000 after buying an additional 181 shares during the period. HUB Investment Partners LLC lifted its holdings in Corteva by 9.3% in the second quarter. HUB Investment Partners LLC now owns 6,448 shares of the company’s stock valued at $481,000 after buying an additional 548 shares during the period. IHT Wealth Management LLC lifted its holdings in Corteva by 20.7% in the second quarter. IHT Wealth Management LLC now owns 3,935 shares of the company’s stock valued at $293,000 after buying an additional 675 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Corteva by 62.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,559 shares of the company’s stock valued at $191,000 after buying an additional 980 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.