DuPont de Nemours (NYSE:DD) Updates 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.

DuPont de Nemours Stock Up 1.4 %

DD stock opened at $76.31 on Thursday. DuPont de Nemours has a twelve month low of $61.14 and a twelve month high of $90.06. The firm has a market capitalization of $31.89 billion, a PE ratio of 40.16, a PEG ratio of 1.53 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. The stock has a 50-day simple moving average of $80.02 and a two-hundred day simple moving average of $81.47.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts predict that DuPont de Nemours will post 3.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on DD shares. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday. Citigroup lowered their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, December 18th. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada increased 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. 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.