DuPont de Nemours (NYSE:DD) Releases Q4 2024 Earnings Guidance

DuPont de Nemours (NYSE:DD) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.980-0.980 for the period, compared to the consensus earnings per share estimate of 0.990. The company issued revenue guidance of $3.1 billion-$3.1 billion, compared to the consensus revenue estimate of $3.1 billion. DuPont de Nemours also updated its FY 2024 guidance to 3.900-3.900 EPS.

DuPont de Nemours Stock Up 0.5 %

DD opened at $76.64 on Friday. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The firm has a market capitalization of $32.03 billion, a P/E ratio of 40.34, a PEG ratio of 1.53 and a beta of 1.35. The company’s 50-day moving average is $79.86 and its 200 day moving average is $81.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. Research analysts expect that DuPont de Nemours will post 3.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DD has been the subject of several research analyst reports. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday. BMO Capital Markets dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday. Morgan Stanley increased 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 research report on Monday, October 21st. Finally, Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. One investment analyst has 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, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $98.64.

DuPont de Nemours Company Profile

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.