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.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group increased their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a buy rating in a research report on Wednesday, May 29th. Jefferies Financial Group upgraded DuPont de Nemours from a hold rating to a buy rating and lifted their price target for the company from $78.00 to $101.00 in a research report on Friday, May 17th. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $94.00 and set a buy rating on the stock in a research report on Friday, July 12th. Mizuho raised their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a buy rating in a research note on Thursday, May 23rd. Finally, BMO Capital Markets upgraded shares of DuPont de Nemours from a market perform rating to an outperform rating and boosted their target price for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $95.00.

DuPont de Nemours Stock Up 0.0 %

DD opened at $78.53 on Monday. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $85.12. The company has a market cap 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 company has a 50-day moving average price of $80.02 and a 200 day moving average price of $75.67.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. Sell-side analysts expect that DuPont de Nemours will post 3.69 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.94%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

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.