DuPont de Nemours (NYSE:DD) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

DuPont de Nemours (NYSE:DD - Get Free Report) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.14, Briefing.com reports. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The business's quarterly revenue was down 2.9% compared to the same quarter last year.

DuPont de Nemours Trading Down 0.7 %

DuPont de Nemours stock traded down $0.56 during trading hours on Thursday, reaching $77.75. The stock had a trading volume of 3,202,310 shares, compared to its average volume of 3,045,639. The stock has a market cap of $32.50 billion, a PE ratio of 83.30, a PEG ratio of 2.38 and a beta of 1.39. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $79.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The company has a fifty day simple moving average of $73.62 and a 200-day simple moving average of $72.07.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is presently 163.44%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on DD shares. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. StockNews.com raised shares of DuPont de Nemours from a "sell" rating to a "hold" rating in a research report on Wednesday, February 14th. Mizuho upped their price target on shares of DuPont de Nemours from $76.00 to $83.00 and gave the company a "buy" rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, TheStreet cut shares of DuPont de Nemours from a "b-" rating to a "c" rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $80.00.

Insiders Place Their Bets

In other news, insider Michael G. Goss sold 2,354 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now directly owns 15,587 shares of the company's stock, valued at approximately $1,134,733.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.56% of the company's stock.

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.