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

DuPont de Nemours (NYSE:DD) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 3.450-3.750 for the period, compared to the consensus EPS estimate of 3.630. The company issued revenue guidance of $12.1 billion-$12.4 billion, compared to the consensus revenue estimate of $12.3 billion. DuPont de Nemours also updated its Q2 2024 guidance to 0.840-0.840 EPS.

DuPont de Nemours Stock Down 0.1 %

DD opened at $79.83 on Friday. The business has a 50 day moving average price of $78.12 and a two-hundred day moving average price of $74.20. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $82.63. The company has a market cap of $33.38 billion, a PE ratio of 97.35, a P/E/G ratio of 2.49 and a beta of 1.36. The company has a quick ratio of 1.61, a current ratio of 2.33 and a debt-to-equity ratio of 0.32.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. As a group, research analysts anticipate that DuPont de Nemours will post 3.63 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a dividend of $0.38 per share. The ex-dividend date was Friday, May 31st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analysts Forecast Growth

DD has been the topic of several recent analyst reports. BMO Capital Markets upgraded DuPont de Nemours from a market perform rating to an outperform rating and boosted their target price for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. Wells Fargo & Company upgraded DuPont de Nemours from an equal weight rating to an overweight rating and increased their price objective for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an overweight rating in a research report on Thursday, May 2nd. Wolfe Research began coverage on shares of DuPont de Nemours in a report on Friday, March 1st. They issued a peer perform rating for the company. Finally, Barclays raised 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 research note on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $91.09.

Insider Buying and Selling

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the sale, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the transaction, the insider now directly owns 14,012 shares in the company, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. Insiders own 0.56% of the company’s stock.

About DuPont de Nemours

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.