DuPont de Nemours (NYSE:DD) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS

DuPont de Nemours (NYSE:DD) announced its earnings results on Tuesday. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15, Briefing.com reports. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the previous year, the firm 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. DuPont de Nemours updated its FY 2024 guidance to 3.900-3.900 EPS and its Q4 2024 guidance to 0.980-0.980 EPS.

DuPont de Nemours Stock Performance

DuPont de Nemours stock traded up $2.26 during trading hours on Thursday, reaching $86.59. 2,261,505 shares of the company were exchanged, compared to its average volume of 2,502,026. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $90.06. The firm has a market cap of $36.17 billion, a price-to-earnings ratio of 56.46, a PEG ratio of 2.16 and a beta of 1.35. 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 stock has a 50-day moving average of $84.25 and a 200 day moving average of $81.12.

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 paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is 100.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley upped 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 research report on Monday, October 21st. Barclays upped their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday. Citigroup decreased their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $95.42.

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.