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

DuPont de Nemours (NYSE:DD) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.450-3.750 for the period, compared to the consensus earnings per share estimate of 3.450. The company issued revenue guidance of $12.1 billion-$12.4 billion, compared to the consensus revenue estimate of $12.1 billion. DuPont de Nemours also updated its FY24 guidance to $3.45-3.75 EPS.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of analyst reports. Wolfe Research assumed coverage on DuPont de Nemours in a report on Friday, March 1st. They issued a peer perform rating for the company. Barclays lifted their target price on DuPont de Nemours from $70.00 to $81.00 and gave the company an equal weight rating in a report on Thursday. JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $85.00 to $88.00 and gave the company an overweight rating in a research report on Thursday. Citigroup raised their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a neutral rating in a research report on Wednesday, April 10th. Finally, StockNews.com raised shares of DuPont de Nemours from a sell rating to a hold rating in a report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $80.00.

DuPont de Nemours Stock Down 0.1 %

Shares of NYSE:DD opened at $77.71 on Friday. The stock has a market capitalization of $32.49 billion, a P/E ratio of 94.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.39. The stock’s 50-day moving average price is $73.77 and its 200-day moving average price is $72.11. The company has a current ratio of 2.33, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $79.19.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The business’s revenue was down 2.9% on a year-over-year basis. On average, equities analysts anticipate that DuPont de Nemours will post 3.59 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.96%. DuPont de Nemours’s dividend payout ratio is 185.37%.

Insiders Place Their Bets

In related news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by company insiders.

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.