DuPont de Nemours (NYSE:DD) Releases Q4 2024 Earnings Guidance

DuPont de Nemours (NYSE:DD) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.980-0.980 for the period, compared to the consensus estimate of 0.990. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.1 billion. DuPont de Nemours also updated its FY 2024 guidance to 3.900-3.900 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday. Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Citigroup dropped their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $98.64.

DuPont de Nemours Stock Up 0.5 %

Shares of NYSE DD opened at $76.64 on Friday. The stock has a market capitalization of $32.03 billion, a P/E ratio of 40.34, a PEG ratio of 1.53 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours has a one year low of $61.14 and a one year high of $90.06. The firm’s 50 day simple moving average is $79.86 and its two-hundred day simple moving average is $81.44.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the company earned $0.92 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, analysts expect that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

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.