DuPont de Nemours (NYSE:DD) Releases FY24 Earnings Guidance

DuPont de Nemours (NYSE:DD) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $3.45-3.75 for the period, compared to the consensus estimate of $3.44. The company issued revenue guidance of $12.1-12.4 billion, compared to the consensus revenue estimate of $12.13 billion. DuPont de Nemours also updated its FY 2024 guidance to 3.450-3.750 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DD shares. Bank of America lowered shares of DuPont de Nemours from a buy rating to an underperform rating and upped their target price for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. Wells Fargo & Company upped 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 note on Thursday, April 11th. StockNews.com raised shares of DuPont de Nemours from a sell rating to a hold rating in a research note on Wednesday, February 14th. Mizuho upped their target price on shares of DuPont de Nemours from $76.00 to $83.00 and gave the stock a buy rating in a research note on Thursday. Finally, Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. 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 company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $80.00.

DuPont de Nemours Stock Performance

DuPont de Nemours stock traded down $0.08 during trading hours on Friday, hitting $77.67. The company had a trading volume of 2,391,431 shares, compared to its average volume of 2,373,408. The firm has a market cap of $32.47 billion, a PE ratio of 94.77, a PEG ratio of 2.48 and a beta of 1.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.73. DuPont de Nemours has a one year low of $61.14 and a one year high of $79.19. The firm has a 50-day moving average of $73.93 and a 200 day moving average of $72.12.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts expect that DuPont de Nemours will post 3.59 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, May 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.96%. DuPont de Nemours’s dividend payout ratio is 185.37%.

Insider Buying and Selling

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction that occurred on 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 owns 15,587 shares in the company, valued at $1,134,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.56% of the stock is currently owned by company insiders.

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.