DuPont de Nemours (DD) Scheduled to Post Earnings on Wednesday

DuPont de Nemours (NYSE:DD) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect DuPont de Nemours to post earnings of $0.65 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. DuPont de Nemours’s revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 EPS. On average, analysts expect DuPont de Nemours to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

DuPont de Nemours Stock Performance

Shares of DD opened at $73.80 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43. The stock has a market capitalization of $30.85 billion, a P/E ratio of 79.36, a P/E/G ratio of 2.44 and a beta of 1.40. The company’s fifty day moving average is $72.90 and its two-hundred day moving average is $72.11. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $78.74.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.38 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 annualized dividend and a yield of 2.06%. DuPont de Nemours’s dividend payout ratio is currently 163.44%.

Analysts Set New Price Targets

Several brokerages have issued reports on DD. Mizuho dropped their price objective on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Barclays decreased their target price on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Monday, February 12th. TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. Finally, Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their target price for the stock from $78.00 to $80.00 in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and a consensus target price of $77.90.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the sale, the insider now directly owns 15,587 shares in the company, valued at approximately $1,134,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.56% of the company’s stock.

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.