DuPont de Nemours (NYSE:DD – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Stock Analysis on DuPont de Nemours
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.
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