DuPont de Nemours (NYSE:DD) Updates FY 2024 Earnings Guidance

DuPont de Nemours (NYSE:DD) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.900-3.900 for the period, compared to the consensus earnings per share estimate of 3.770. The company issued revenue guidance of $12.4 billion-$12.4 billion, compared to the consensus revenue estimate of $12.4 billion. DuPont de Nemours also updated its Q4 2024 guidance to 0.980-0.980 EPS.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded down $0.96 during midday trading on Wednesday, hitting $84.71. 1,738,302 shares of the company’s stock were exchanged, compared to its average volume of 2,493,737. The stock has a 50-day moving average price of $84.22 and a two-hundred day moving average price of $81.09. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a market cap of $35.38 billion, a P/E ratio of 56.15, a PEG ratio of 2.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. On average, equities research analysts forecast that DuPont de Nemours will post 3.76 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 100.00%.

Analysts Set New Price Targets

DD has been the subject of several recent research reports. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Morgan Stanley increased their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Barclays boosted their price objective 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 assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $95.25.

About DuPont de Nemours

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.