DuPont de Nemours (NYSE:DD) Updates Q2 2024 Earnings Guidance

DuPont de Nemours (NYSE:DD) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.840-0.840 for the period, compared to the consensus EPS estimate of 0.780. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion. DuPont de Nemours also updated its FY 2024 guidance to 3.450-3.750 EPS.

DuPont de Nemours Stock Down 0.1 %

DD stock opened at $77.71 on Friday. The company has a market cap of $32.49 billion, a price-to-earnings ratio of 94.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.39. The company has a fifty day moving average price of $73.77 and a 200 day moving average price of $72.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.73. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $79.19.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the business posted $0.84 earnings per share. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. Sell-side analysts expect that DuPont de Nemours will post 3.59 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Bank of America lowered DuPont de Nemours from a buy rating to an underperform rating and boosted their target price for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. Citigroup upped their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the stock a neutral rating in a research report on Wednesday, April 10th. Mizuho raised their target price on shares of DuPont de Nemours from $76.00 to $83.00 and gave the stock a buy rating in a research note on Thursday. TheStreet lowered shares of DuPont de Nemours from a b- rating to a c rating in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an equal weight rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of Hold and a consensus target price of $80.00.

Insider Activity

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

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.