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

DuPont de Nemours (NYSE:DD) updated its fourth quarter 2024 earnings guidance on Tuesday. The company provided EPS guidance of 0.980-0.980 for the period, compared to the consensus EPS estimate of 0.980. 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 Performance

NYSE:DD traded down $0.96 during mid-day trading on Wednesday, hitting $84.71. The company’s stock had a trading volume of 1,738,302 shares, compared to its average volume of 2,493,737. The business’s fifty day moving average is $84.22 and its two-hundred day moving average is $81.09. The stock has a market cap of $35.38 billion, a price-to-earnings ratio of 56.15, a PEG ratio of 2.18 and a beta of 1.35. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44.

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. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company earned $0.92 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that DuPont de Nemours will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Citigroup reduced their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley increased their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Barclays raised their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.25.

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.