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

DuPont de Nemours (NYSE:DD) updated its FY 2024 earnings guidance on Wednesday. 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.

Analyst Ratings Changes

DD has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company boosted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average price target of $96.33.

DuPont de Nemours Price Performance

Shares of NYSE:DD traded up $1.03 during midday trading on Wednesday, hitting $76.31. The company’s stock had a trading volume of 1,980,424 shares, compared to its average volume of 2,495,302. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a market cap of $31.89 billion, a P/E ratio of 40.16, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The business’s 50 day simple moving average is $80.02 and its 200 day simple moving average is $81.47.

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

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.