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

DuPont de Nemours (NYSE:DD) updated its fourth quarter 2024 earnings guidance on Wednesday. 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 Trading Up 1.4 %

NYSE:DD traded up $1.03 on Wednesday, reaching $76.31. The company’s stock had a trading volume of 1,981,188 shares, compared to its average volume of 2,495,302. The firm has a market cap of $31.89 billion, a price-to-earnings ratio of 40.16, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The stock has a 50 day moving average price of $80.02 and a 200 day moving average price of $81.47.

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, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities analysts anticipate that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on DD. Wells Fargo & Company raised their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. dropped 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. Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Barclays upped their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Citigroup lowered their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.33.

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.