Corteva (CTVA) to Release Quarterly Earnings on Wednesday

Corteva (NYSE:CTVA - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Corteva (NYSE:CTVA - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.09. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.54 billion. Corteva had a return on equity of 7.43% and a net margin of 4.27%. During the same quarter last year, the business posted $0.16 EPS. On average, analysts expect Corteva to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corteva Stock Performance

Shares of NYSE CTVA traded down $0.41 during trading on Wednesday, reaching $54.77. 1,811,675 shares of the company traded hands, compared to its average volume of 3,559,885. The company has a current ratio of 1.56, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Corteva has a 12-month low of $43.22 and a 12-month high of $61.87. The firm's fifty day simple moving average is $55.28 and its 200 day simple moving average is $50.40. The stock has a market cap of $38.28 billion, a P/E ratio of 53.70, a PEG ratio of 1.45 and a beta of 0.77.

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.16 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.64 annualized dividend and a dividend yield of 1.17%. Corteva's dividend payout ratio is presently 62.75%.

Wall Street Analyst Weigh In

CTVA has been the subject of several recent analyst reports. Royal Bank of Canada lifted their price target on Corteva from $56.00 to $64.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. TheStreet upgraded Corteva from a "c+" rating to a "b-" rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $57.00 price target (down previously from $58.00) on shares of Corteva in a research note on Friday, April 12th. BNP Paribas upgraded Corteva from an "underperform" rating to a "neutral" rating and set a $53.00 price target for the company in a research note on Friday, February 2nd. Finally, Mizuho cut their price objective on Corteva from $59.00 to $56.00 and set a "buy" rating for the company in a research note on Thursday, February 1st. Six equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Corteva currently has a consensus rating of "Moderate Buy" and an average price target of $63.29.

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.