DuPont de Nemours (NYSE:DD – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Stock Report on DD
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.
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