DuPont de Nemours (NYSE:DD – Get Free Report) 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
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.
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