DuPont de Nemours (NYSE:DD) Updates FY24 Earnings Guidance

DuPont de Nemours (NYSE:DD - Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.45-3.75 for the period, compared to the consensus estimate of $3.44. The company issued revenue guidance of $12.1-12.4 billion, compared to the consensus revenue estimate of $12.13 billion. DuPont de Nemours also updated its FY 2024 guidance to 3.450-3.750 EPS.

Analysts Set New Price Targets

Several brokerages recently issued reports on DD. StockNews.com raised DuPont de Nemours from a sell rating to a hold rating in a report on Wednesday, February 14th. TheStreet cut DuPont de Nemours from a b- rating to a c rating in a report on Tuesday, February 6th. BMO Capital Markets cut DuPont de Nemours from an outperform rating to a market perform rating and reduced their price objective for the stock from $80.00 to $72.00 in a report on Wednesday, January 24th. Mizuho cut their price target on DuPont de Nemours from $80.00 to $76.00 and set a buy rating for the company in a report on Wednesday, February 7th. Finally, Royal Bank of Canada boosted their price target on DuPont de Nemours from $75.00 to $83.00 and gave the stock an outperform rating in a report on Wednesday, February 7th. 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 stock. According to MarketBeat, the stock presently has an average rating of Hold and an average target price of $77.90.

DuPont de Nemours Trading Up 8.0 %

Shares of NYSE:DD traded up $5.80 during midday trading on Wednesday, reaching $78.30. The company's stock had a trading volume of 6,740,314 shares, compared to its average volume of 3,043,696. The firm has a market cap of $32.74 billion, a price-to-earnings ratio of 84.20, a price-to-earnings-growth ratio of 2.42 and a beta of 1.40. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $79.19. The business has a 50 day moving average price of $73.43 and a 200 day moving average price of $72.02.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.02. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business's revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. Research analysts forecast that DuPont de Nemours will post 3.49 EPS for the current year.

DuPont de Nemours Announces Dividend

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 given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is presently 163.44%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company's stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

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.