DuPont de Nemours (NYSE:DD) Issues Q4 2024 Earnings Guidance

DuPont de Nemours (NYSE:DD) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.980-0.980 for the period, compared to the consensus earnings per share estimate of 0.990. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.1 billion. DuPont de Nemours also updated its FY 2024 guidance to 3.900-3.900 EPS.

Analyst Ratings Changes

A number of research firms have issued reports on DD. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup dropped their price objective on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley increased their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock 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 given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $96.33.

DuPont de Nemours Stock Up 1.4 %

NYSE DD traded up $1.03 during mid-day trading on Wednesday, reaching $76.31. 1,980,424 shares of the company’s stock traded hands, compared to its average volume of 2,495,302. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $80.02 and a 200-day simple moving average of $81.47. The company has a market cap of $31.89 billion, a price-to-earnings ratio of 40.16, a P/E/G ratio of 1.95 and a beta of 1.35. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.92 EPS. As a group, equities research analysts expect that DuPont de Nemours will post 3.89 EPS for the current year.

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.