DuPont de Nemours (NYSE:DD) Updates FY 2021 Earnings Guidance

DuPont de Nemours (NYSE:DD) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 3.600-3.750 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.450. The company issued revenue guidance of $15.70 billion-$15.90 billion, compared to the consensus revenue estimate of $15.60 billion.DuPont de Nemours also updated its Q2 2021 guidance to 0.930-0.950 EPS.

Shares of DD opened at $85.26 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.77. The stock has a 50-day moving average of $79.20 and a 200-day moving average of $74.06. The company has a market cap of $45.37 billion, a PE ratio of 14.91, a P/E/G ratio of 2.46 and a beta of 1.54. DuPont de Nemours has a one year low of $48.24 and a one year high of $87.27.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, May 4th. The basic materials company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.15. The business had revenue of $3.98 billion during the quarter, compared to the consensus estimate of $3.82 billion. DuPont de Nemours had a return on equity of 6.76% and a net margin of 15.97%. The company’s quarterly revenue was down 23.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. Analysts expect that DuPont de Nemours will post 3.76 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Shareholders of record on Friday, May 28th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 27th. This represents a $1.20 annualized dividend and a dividend yield of 1.41%. DuPont de Nemours’s dividend payout ratio is currently 35.71%.

DuPont de Nemours declared that its board has approved a stock buyback program on Monday, March 8th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 2.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Several equities analysts have commented on DD shares. DZ Bank raised shares of DuPont de Nemours from a sell rating to a hold rating and set a $77.00 target price on the stock in a research report on Thursday, February 11th. Argus lifted their price target on shares of DuPont de Nemours from $81.00 to $93.00 and gave the stock a buy rating in a report on Thursday, May 20th. Susquehanna Bancshares cut shares of DuPont de Nemours to a neutral rating in a report on Wednesday, January 27th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of DuPont de Nemours from $88.00 to $92.00 in a report on Wednesday, May 5th. Finally, Bank of America cut shares of DuPont de Nemours from a buy rating to a neutral rating in a report on Tuesday, February 16th. Eleven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. DuPont de Nemours presently has a consensus rating of Hold and a consensus price target of $81.75.

In related news, SVP Raj Ratnakar sold 11,408 shares of the company’s stock in a transaction on Friday, May 7th. The shares were sold at an average price of $82.80, for a total value of $944,582.40. Following the completion of the transaction, the senior vice president now directly owns 11,896 shares in the company, valued at $984,988.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.24% of the stock is currently owned by insiders.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials, ingredients, and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. The company's Electronics & Imaging segment supplies materials to manufacture photovoltaics and solar cells; materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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

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