Corteva (CTVA) Scheduled to Post Earnings on Friday

Corteva (NYSE:CTVA) will be announcing its earnings results after the market closes on Friday, April 26th. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Corteva (NYSE:CTVA) last released its earnings results on Thursday, February 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the previous year, the company earned $0.16 EPS. On average, analysts expect Corteva to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corteva Stock Down 0.7 %

Corteva stock opened at $54.77 on Thursday. Corteva has a 12-month low of $43.22 and a 12-month high of $61.87. The company has a market capitalization of $38.28 billion, a PE ratio of 53.70, a PEG ratio of 1.45 and a beta of 0.77. The firm’s fifty day moving average is $55.28 and its 200 day moving average is $50.40. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09.

Corteva Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 29th. Corteva’s dividend payout ratio (DPR) is 62.75%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CTVA. Royal Bank of Canada raised their price objective on shares of Corteva from $56.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Wolfe Research assumed coverage on shares of Corteva in a research note on Friday, March 1st. They issued an “outperform” rating and a $67.00 price objective on the stock. Wells Fargo & Company raised their price target on shares of Corteva from $54.00 to $65.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. KeyCorp raised their price target on shares of Corteva from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, April 9th. Finally, Loop Capital raised shares of Corteva from a “hold” rating to a “buy” rating and raised their price target for the company from $57.00 to $65.00 in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Corteva has an average rating of “Moderate Buy” and an average price target of $63.29.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.