Corteva (NYSE:CTVA) Releases FY 2025 Earnings Guidance

Corteva (NYSE:CTVA) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.250-3.350 for the period, compared to the consensus estimate of 3.160. The company issued revenue guidance of $17.7 billion-$17.9 billion, compared to the consensus revenue estimate of $17.6 billion.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CTVA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Corteva in a research report on Thursday, November 13th. Jefferies Financial Group cut their price objective on shares of Corteva from $92.00 to $85.00 in a report on Thursday, October 2nd. Mizuho lowered their target price on shares of Corteva from $85.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, October 8th. Wall Street Zen raised Corteva from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Citigroup raised their price objective on Corteva from $67.00 to $68.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Fifteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Corteva presently has an average rating of “Moderate Buy” and an average target price of $78.05.

Corteva Trading Up 0.2%

NYSE:CTVA opened at $64.63 on Thursday. The stock has a market cap of $43.67 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.46 and a beta of 0.81. The company has a quick ratio of 1.07, a current ratio of 1.58 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average price is $65.22 and its 200-day moving average price is $69.64. Corteva has a 52 week low of $53.40 and a 52 week high of $77.41.

Corteva (NYSE:CTVA) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.26. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.47 billion. Corteva had a net margin of 9.19% and a return on equity of 9.37%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.49) EPS. On average, equities research analysts forecast that Corteva will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.18 dividend. The ex-dividend date is Monday, December 1st. This represents a $0.72 annualized dividend and a dividend yield of 1.1%. Corteva’s payout ratio is currently 30.77%.

Insider Activity at Corteva

In related news, EVP Robert D. King sold 37,280 shares of Corteva stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $74.20, for a total value of $2,766,176.00. Following the completion of the sale, the executive vice president directly owned 49,262 shares in the company, valued at approximately $3,655,240.40. This trade represents a 43.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

Institutional Trading of Corteva

Institutional investors have recently made changes to their positions in the stock. JPL Wealth Management LLC purchased a new position in shares of Corteva during the third quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC bought a new stake in Corteva in the 3rd quarter worth approximately $33,000. Binnacle Investments Inc raised its stake in Corteva by 54.7% during the 2nd quarter. Binnacle Investments Inc now owns 512 shares of the company’s stock valued at $38,000 after buying an additional 181 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Corteva by 52.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 923 shares of the company’s stock valued at $62,000 after buying an additional 319 shares during the period. Finally, Palisade Asset Management LLC purchased a new position in shares of Corteva in the 3rd quarter worth $67,000. Hedge funds and other institutional investors own 81.54% of the company’s stock.

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.