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

DuPont de Nemours (NYSE:DD - Get Free Report) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.45-$3.75 for the period, compared to the consensus earnings per share estimate of $3.63. The company issued revenue guidance of $12.1-$12.4 billion, compared to the consensus revenue estimate of $12.27 billion.

DuPont de Nemours Price Performance

NYSE DD traded down $0.95 on Wednesday, hitting $78.57. The company had a trading volume of 1,962,428 shares, compared to its average volume of 2,886,573. The company has a market capitalization of $32.85 billion, a PE ratio of 95.82, a PEG ratio of 2.30 and a beta of 1.39. The company's fifty day moving average price is $76.07 and its 200-day moving average price is $72.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $80.41.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.14. The business had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 earnings per share. As a group, analysts predict that DuPont de Nemours will post 3.64 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, May 31st. DuPont de Nemours's dividend payout ratio (DPR) is 185.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DD. JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the company an overweight rating in a research report on Thursday, May 2nd. Wolfe Research assumed coverage on shares of DuPont de Nemours in a research report on Friday, March 1st. They set a peer perform rating for the company. Mizuho raised their price objective on shares of DuPont de Nemours from $76.00 to $83.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Barclays raised their price objective on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an equal weight rating in a research report on Thursday, May 2nd. Finally, TheStreet cut shares of DuPont de Nemours from a b- rating to a c rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $82.10.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares of the company's stock, valued at $1,134,733.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Michael G. Goss sold 1,339 shares of the firm's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares of the company's stock, valued at $1,097,559.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael G. Goss sold 2,354 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares of the company's stock, valued at approximately $1,134,733.60. The disclosure for this sale can be found here. Insiders sold a total of 22,193 shares of company stock valued at $1,726,655 over the last 90 days. 0.56% of the stock is owned by company insiders.

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.