DuPont de Nemours (NYSE:DD) Issues Earnings Results

DuPont de Nemours (NYSE:DD) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14, Briefing.com reports. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The business had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company earned $0.84 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis.

DuPont de Nemours Trading Down 0.1 %

Shares of DD stock traded down $0.08 during trading on Friday, hitting $77.67. 2,391,431 shares of the stock traded hands, compared to its average volume of 2,373,408. The firm has a market capitalization of $32.47 billion, a P/E ratio of 94.77, a price-to-earnings-growth ratio of 2.48 and a beta of 1.39. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $79.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.73. The firm’s fifty day moving average price is $73.93 and its 200-day moving average price is $72.12.

DuPont de Nemours Announces Dividend

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

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Citigroup boosted their price objective on shares of DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Royal Bank of Canada lifted their target price on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Barclays increased their price target on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Finally, Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and increased their price objective for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $80.00.

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.