Research Analysts Offer Predictions for DuPont de Nemours, Inc.’s Q3 2024 Earnings (NYSE:DD)

DuPont de Nemours, Inc. (NYSE:DD) – Investment analysts at KeyCorp issued their Q3 2024 earnings estimates for DuPont de Nemours in a note issued to investors on Sunday, October 6th. KeyCorp analyst A. Yefremov forecasts that the basic materials company will post earnings of $1.05 per share for the quarter. The consensus estimate for DuPont de Nemours’ current full-year earnings is $3.74 per share. KeyCorp also issued estimates for DuPont de Nemours’ Q4 2024 earnings at $1.03 EPS, FY2024 earnings at $3.84 EPS and FY2025 earnings at $4.50 EPS.

DD has been the topic of a number of other reports. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $88.00 to $84.00 in a report on Monday. Citigroup reduced their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.91.

DuPont de Nemours Stock Performance

NYSE:DD opened at $86.31 on Wednesday. The firm has a market capitalization of $36.09 billion, a P/E ratio of 105.26, a P/E/G ratio of 2.23 and a beta of 1.34. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a fifty day moving average of $82.45 and a 200-day moving average of $79.91. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share.

Hedge Funds Weigh In On DuPont de Nemours

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fortitude Family Office LLC boosted its position in DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares in the last quarter. Crestwood Advisors Group LLC grew its stake in DuPont de Nemours by 3.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 132 shares during the period. Triangle Securities Wealth Management grew its stake in DuPont de Nemours by 0.7% in the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock worth $1,456,000 after purchasing an additional 134 shares during the period. Moody National Bank Trust Division raised its holdings in DuPont de Nemours by 0.6% in the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after purchasing an additional 134 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in DuPont de Nemours by 3.7% during the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 73.96% 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.