DuPont de Nemours (NYSE:DD) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

DuPont de Nemours (NYSE:DD) released its earnings results on Tuesday. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15, Briefing.com reports. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the business earned $0.92 EPS. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. DuPont de Nemours updated its FY 2024 guidance to 3.900-3.900 EPS and its Q4 2024 guidance to 0.980-0.980 EPS.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded down $0.96 on Wednesday, hitting $84.71. 1,738,302 shares of the company were exchanged, compared to its average volume of 2,493,737. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $35.38 billion, a price-to-earnings ratio of 56.15, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35. The company has a 50-day moving average price of $84.22 and a 200 day moving average price of $81.09.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DD. Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted 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. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday. Finally, Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $95.25.

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.