Corteva (CTVA) Set to Announce Quarterly Earnings on Friday

Corteva (NYSE:CTVA) is scheduled to announce its earnings results after the market closes on Friday, April 26th. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Corteva (NYSE:CTVA) last announced its earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The company had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.54 billion. During the same period last year, the firm earned $0.16 earnings per share. On average, analysts expect Corteva to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corteva Stock Down 0.7 %

Shares of CTVA opened at $54.77 on Thursday. Corteva has a 12 month low of $43.22 and a 12 month high of $61.87. The firm’s 50 day moving average is $55.28 and its 200-day moving average is $50.40. The stock has a market capitalization of $38.28 billion, a PE ratio of 53.70, a P/E/G ratio of 1.45 and a beta of 0.77. The company has a current ratio of 1.56, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. Corteva’s dividend payout ratio (DPR) is 62.75%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Corteva from $54.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Mizuho cut their target price on shares of Corteva from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Thursday, February 1st. Royal Bank of Canada raised their target price on shares of Corteva from $56.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. restated a “neutral” rating and issued a $57.00 target price (down previously from $58.00) on shares of Corteva in a research report on Friday, April 12th. Finally, Loop Capital upgraded shares of Corteva from a “hold” rating to a “buy” rating and raised their target price for the company from $57.00 to $65.00 in a research report on Monday, February 12th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, Corteva has an average rating of “Moderate Buy” and an average price target of $63.29.

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.