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

DuPont de Nemours (NYSE:DD) posted its quarterly 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 return on equity of 6.31% and a net margin of 5.30%. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the company posted $0.92 earnings per share. DuPont de Nemours’s quarterly revenue 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

NYSE DD traded down $1.34 on Wednesday, hitting $84.33. 3,652,973 shares of the company’s stock were exchanged, compared to its average volume of 2,502,942. The stock has a 50-day moving average of $84.22 and a 200-day moving average of $81.09. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The stock has a market cap of $35.22 billion, a price-to-earnings ratio of 56.15, a P/E/G ratio of 2.18 and a beta of 1.35.

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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is presently 100.00%.

Analysts Set New Price Targets

Several research firms have recently commented on DD. Royal Bank of Canada upped their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Wells Fargo & Company upped their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays upped their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday. Finally, Morgan Stanley boosted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target 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.