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 earnings per share (EPS) guidance of 0.980-0.980 for the period, compared to the consensus 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 Up 6.6 %

NYSE DD traded up $5.39 during trading on Tuesday, reaching $87.24. 2,308,363 shares of the company’s stock were exchanged, compared to its average volume of 2,483,569. The firm has a market capitalization of $36.44 billion, a PE ratio of 56.84, a P/E/G ratio of 2.18 and a beta of 1.35. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $84.15 and its 200-day simple moving average is $81.01.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

Several research firms have recently commented on DD. Citigroup lowered their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada boosted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft boosted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley raised their price target 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $94.83.

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.