Corteva (CTVA) Scheduled to Post Earnings on Friday

Corteva (NYSE:CTVA) will post its quarterly earnings results after the market closes on Friday, April 26th. Analysts expect Corteva to post earnings of $0.95 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Corteva (NYSE:CTVA) last issued its quarterly earnings data on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same period last year, the business posted $0.16 earnings per share. On average, analysts expect Corteva to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corteva Trading Down 0.7 %

Shares of NYSE:CTVA opened at $54.77 on Thursday. Corteva has a 12 month low of $43.22 and a 12 month high of $61.87. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $55.28 and its 200 day simple moving average is $50.40. The firm has a market cap of $38.28 billion, a price-to-earnings ratio of 53.70, a PEG ratio of 1.45 and a beta of 0.77.

Corteva Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. Corteva’s payout ratio is 62.75%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CTVA shares. BNP Paribas upgraded shares of Corteva from an “underperform” rating to a “neutral” rating and set a $53.00 price objective on the stock in a report on Friday, February 2nd. Mizuho decreased their target price on shares of Corteva from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Thursday, February 1st. Wolfe Research initiated coverage on shares of Corteva in a research report on Friday, March 1st. They issued an “outperform” rating and a $67.00 target price for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $57.00 target price (down previously from $58.00) on shares of Corteva in a research report on Friday, April 12th. Finally, TheStreet raised shares of Corteva from a “c+” rating to a “b-” rating in a research report on Tuesday, February 27th. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.