DuPont de Nemours (NYSE:DD) Announces Earnings Results

DuPont de Nemours (NYSE:DD) issued its quarterly earnings results on Tuesday. The basic materials company reported $1.18 earnings per share 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 firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the business posted $0.92 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. 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 Stock Performance

Shares of DD stock traded down $1.34 during trading hours on Wednesday, hitting $84.33. 3,652,973 shares of the company were exchanged, compared to its average volume of 2,502,942. The firm has a fifty day simple moving average of $84.22 and a 200 day simple 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 capitalization 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 business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.80%. DuPont de Nemours’s payout ratio is currently 100.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DD shares. Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company raised their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Barclays raised their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock 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.