Corteva (NYSE:CTVA) Releases FY 2025 Earnings Guidance

Key Points

• Corteva has issued FY 2025 earnings guidance with expected earnings per share between $3.000 and $3.200, surpassing the consensus estimate of $3.003, and revenue guidance of $17.6 billion to $17.8 billion, compared to the consensus of $17.3 billion.
• The company announced a quarterly dividend increase to $0.18 per share, up from $0.17, representing a 1.0% dividend yield and a payout ratio of 43.90%.
• Analysts hold a consensus rating of "Moderate Buy" for Corteva, with a target price averaging $79.33, reflecting optimism about the company's growth potential.

Corteva (NYSE:CTVA - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.000-3.200 for the period, compared to the consensus earnings per share estimate of 3.003. The company issued revenue guidance of $17.6 billion-$17.8 billion, compared to the consensus revenue estimate of $17.3 billion.

Corteva Stock Performance

Shares of NYSE CTVA traded down $0.38 during trading hours on Thursday, reaching $70.79. The stock had a trading volume of 3,341,304 shares, compared to its average volume of 3,752,527. The firm has a 50-day moving average of $73.27 and a 200-day moving average of $66.40. The firm has a market cap of $48.29 billion, a price-to-earnings ratio of 43.07, a PEG ratio of 1.75 and a beta of 0.75. The company has a current ratio of 1.44, a quick ratio of 1.00 and a debt-to-equity ratio of 0.07. Corteva has a fifty-two week low of $50.78 and a fifty-two week high of $77.41.

Corteva (NYSE:CTVA - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $1.89 by $0.31. Corteva had a return on equity of 7.84% and a net margin of 6.77%. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.26 billion. During the same period in the previous year, the business earned $1.83 earnings per share. Corteva's quarterly revenue was up 5.6% compared to the same quarter last year. Equities research analysts predict that Corteva will post 2.96 earnings per share for the current year.

Corteva Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.18 per share. This is a positive change from Corteva's previous quarterly dividend of $0.17. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Tuesday, September 2nd. Corteva's dividend payout ratio is 43.90%.

Wall Street Analysts Forecast Growth

CTVA has been the subject of several recent analyst reports. Morgan Stanley upped their target price on shares of Corteva from $65.00 to $71.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. KeyCorp upped their price target on Corteva from $72.00 to $84.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Jefferies Financial Group restated a "buy" rating on shares of Corteva in a research note on Friday, June 6th. Barclays raised their target price on shares of Corteva from $70.00 to $75.00 and gave the company an "equal weight" rating in a research note on Monday, July 7th. Finally, Royal Bank Of Canada lifted their price objective on shares of Corteva from $74.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $79.33.

Institutional Investors Weigh In On Corteva

A hedge fund recently raised its stake in Corteva stock. Woodline Partners LP increased its position in Corteva, Inc. (NYSE:CTVA - Free Report) by 40.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 57,919 shares of the company's stock after purchasing an additional 16,644 shares during the period. Woodline Partners LP's holdings in Corteva were worth $3,645,000 at the end of the most recent reporting period. Institutional investors own 81.54% of the company's stock.

About Corteva

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.

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