DuPont de Nemours (NYSE:DD) Releases Q4 Earnings Guidance

DuPont de Nemours (NYSE:DD) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.98 for the period, compared to the consensus EPS estimate of $0.98. The company issued revenue guidance of $3.07 billion, compared to the consensus revenue estimate of $3.07 billion.

DuPont de Nemours Price Performance

DD traded up $1.03 during trading on Wednesday, reaching $76.31. 1,954,302 shares of the company traded hands, compared to its average volume of 2,470,393. The company has a market cap of $31.89 billion, a P/E ratio of 40.16, a PEG ratio of 1.95 and a beta of 1.35. The firm has a fifty day simple moving average of $80.02 and a 200 day simple moving average of $81.47. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that DuPont de Nemours will post 3.89 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on DD. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley upped their target price on 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. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Monday. Finally, Barclays boosted their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.