Corteva (NYSE:CTVA) Updates FY 2025 Earnings Guidance

Corteva (NYSE:CTVA) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 2.700-2.950 for the period, compared to the consensus EPS estimate of 3.190. The company issued revenue guidance of $17.2 billion-$17.6 billion, compared to the consensus revenue estimate of $17.3 billion.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Corteva from $67.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th. Oppenheimer reaffirmed an “outperform” rating and issued a $70.00 target price (up previously from $69.00) on shares of Corteva in a research report on Friday, November 8th. UBS Group reduced their price target on shares of Corteva from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Citigroup boosted their price target on Corteva from $69.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Bank of America raised their price objective on shares of Corteva from $67.00 to $69.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Corteva presently has an average rating of “Moderate Buy” and an average target price of $67.19.

Corteva Price Performance

Shares of NYSE:CTVA traded up $0.50 on Friday, reaching $62.86. 1,187,593 shares of the company traded hands, compared to its average volume of 3,619,594. The company’s 50 day moving average is $60.22 and its 200-day moving average is $58.14. Corteva has a fifty-two week low of $50.01 and a fifty-two week high of $66.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 0.96. The stock has a market capitalization of $43.20 billion, a PE ratio of 63.47, a P/E/G ratio of 1.71 and a beta of 0.78.

Corteva (NYSE:CTVA) last posted its earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Corteva had a net margin of 4.18% and a return on equity of 6.63%. As a group, analysts anticipate that Corteva will post 2.58 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, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Monday, March 3rd. Corteva’s dividend payout ratio (DPR) is 68.69%.

Corteva announced that its board has authorized a stock buyback program on Tuesday, November 19th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

About Corteva

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.