DuPont de Nemours (NYSE:DD) Issues Q3 Earnings Guidance

DuPont de Nemours (NYSE:DD) updated its third quarter earnings guidance on Wednesday. The company provided earnings per share guidance of ~$1.03 for the period, compared to the consensus earnings per share estimate of $1.02. The company issued revenue guidance of ~$3.20 billion, compared to the consensus revenue estimate of $3.20 billion. DuPont de Nemours also updated its FY24 guidance to $3.70-3.80 EPS.

DuPont de Nemours Stock Performance

NYSE:DD traded down $3.54 during trading hours on Friday, reaching $79.12. The company had a trading volume of 3,219,226 shares, compared to its average volume of 2,108,516. The firm has a market cap of $33.03 billion, a price-to-earnings ratio of 96.49, a PEG ratio of 2.54 and a beta of 1.34. The company has a current ratio of 2.21, a quick ratio of 1.61 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average price is $80.39 and its 200-day moving average price is $75.44. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $85.12.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. DuPont de Nemours’s revenue was up 2.5% compared to the same quarter last year. On average, analysts forecast that DuPont de Nemours will post 3.69 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DD. Mizuho upped their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the stock a buy rating in a research note on Thursday, May 23rd. UBS Group upped their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a buy rating in a research report on Wednesday, May 29th. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $94.00 and set a buy rating on the stock in a research report on Friday, July 12th. BMO Capital Markets raised shares of DuPont de Nemours from a market perform rating to an outperform rating and increased their target price for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Finally, Wells Fargo & Company raised shares of DuPont de Nemours from an equal weight rating to an overweight rating and lifted their price target for the company from $80.00 to $103.00 in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $91.58.

Insider Buying and Selling at DuPont de Nemours

In related news, insider Leland Weaver sold 18,500 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $78.40, for a total value of $1,450,400.00. Following the sale, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now directly owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leland Weaver sold 18,500 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the sale, the insider now owns 24,476 shares in the company, valued at $1,918,918.40. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by insiders.

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.