DuPont de Nemours (NYSE:DD) Issues FY 2024 Earnings Guidance

DuPont de Nemours (NYSE:DD) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 3.450-3.750 for the period, compared to the consensus earnings per share estimate of 3.450. The company issued revenue guidance of $12.1 billion-$12.4 billion, compared to the consensus revenue estimate of $12.1 billion. DuPont de Nemours also updated its FY24 guidance to $3.45-3.75 EPS.

Analysts Set New Price Targets

DD has been the subject of several research reports. Barclays upped their target price on DuPont de Nemours from $70.00 to $81.00 and gave the stock an equal weight rating in a report on Thursday. JPMorgan Chase & Co. upped their price objective on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an overweight rating in a research note on Thursday. Mizuho raised their target price on shares of DuPont de Nemours from $76.00 to $83.00 and gave the company a buy rating in a research report on Thursday. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They issued a peer perform rating for the company. Finally, Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an equal weight rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of Hold and a consensus target price of $80.00.

DuPont de Nemours Stock Down 0.1 %

Shares of DuPont de Nemours stock opened at $77.71 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $32.49 billion, a P/E ratio of 94.77, a PEG ratio of 2.48 and a beta of 1.39. The firm’s 50 day moving average price is $73.77 and its 200-day moving average price is $72.11. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $79.19.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. DuPont de Nemours’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.84 earnings per share. On average, sell-side analysts predict that DuPont de Nemours will post 3.59 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.96%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Insider Buying and Selling at DuPont de Nemours

In related news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.56% of the stock is currently owned by company insiders.

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.