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

DuPont de Nemours (NYSE:DD) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 3.900-3.900 for the period, compared to the consensus EPS estimate of 3.910. The company issued revenue guidance of $12.4 billion-$12.4 billion, compared to the consensus revenue estimate of $12.4 billion. DuPont de Nemours also updated its Q4 guidance to $0.98 EPS.

Analysts Set New Price Targets

DD has been the topic of several recent research reports. Morgan Stanley lifted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. JPMorgan Chase & Co. lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday. Finally, Wells Fargo & Company upped their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $96.33.

DuPont de Nemours Stock Up 1.4 %

DD stock traded up $1.03 during mid-day trading on Wednesday, hitting $76.31. 1,981,188 shares of the company were exchanged, compared to its average volume of 2,495,302. The firm has a fifty day simple moving average of $80.02 and a 200 day simple moving average of $81.47. The company has a market capitalization of $31.89 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

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

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.