DuPont de Nemours (NYSE:DD) Updates Q2 2024 Earnings Guidance

DuPont de Nemours (NYSE:DDGet Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.840-0.840 for the period, compared to the consensus earnings per share estimate of 0.850. The company issued revenue guidance of $3.0 billion-$3.0 billion, compared to the consensus revenue estimate of $3.0 billion. DuPont de Nemours also updated its FY 2024 guidance to 3.450-3.750 EPS.

DuPont de Nemours Stock Performance

NYSE:DD opened at $79.83 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The company has a market cap of $33.38 billion, a price-to-earnings ratio of 97.35, a PEG ratio of 2.49 and a beta of 1.36. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $82.63. The stock’s 50 day simple moving average is $78.12 and its two-hundred day simple moving average is $74.20.

DuPont de Nemours (NYSE:DDGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. As a group, equities analysts anticipate that DuPont de Nemours will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Friday, May 31st. DuPont de Nemours’s payout ratio is 185.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DD. Wells Fargo & Company upgraded DuPont de Nemours from an equal weight rating to an overweight rating and upped their price objective for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Wolfe Research assumed coverage on DuPont de Nemours in a report on Friday, March 1st. They set a peer perform rating on the stock. Jefferies Financial Group raised shares of DuPont de Nemours from a hold rating to a buy rating and lifted their price objective for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. BMO Capital Markets upgraded shares of DuPont de Nemours from a market perform rating to an outperform rating and boosted their price objective for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an overweight rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, DuPont de Nemours currently has an average rating of Moderate Buy and a consensus target price of $91.09.

View Our Latest Report on DuPont de Nemours

Insider Activity at DuPont de Nemours

In related news, insider Michael G. Goss sold 1,339 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares of the company’s stock, valued at $1,097,559.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the transaction, the insider now directly owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael G. Goss sold 1,339 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the sale, the insider now owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by company insiders.

DuPont de Nemours Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for DuPont de Nemours (NYSE:DD)

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