DuPont de Nemours (NYSE:DD) Updates Q4 Earnings Guidance

DuPont de Nemours (NYSE:DD) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.98 for the period, compared to the consensus EPS estimate of $0.98. The company issued revenue guidance of $3.07 billion, compared to the consensus revenue estimate of $3.07 billion.

DuPont de Nemours Stock Performance

NYSE DD traded up $1.03 during mid-day trading on Wednesday, reaching $76.31. 1,954,302 shares of the stock were exchanged, compared to its average volume of 2,470,393. The company has a market capitalization of $31.89 billion, a P/E ratio of 40.16, a P/E/G ratio of 1.95 and a beta of 1.35. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06. The business’s 50 day moving average is $80.02 and its 200-day moving average is $81.47. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 EPS. On average, equities research analysts forecast that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DD shares. Barclays boosted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday. Wells Fargo & Company upped their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $96.33.

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.