DuPont de Nemours (NYSE:DD) Issues 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.

Analysts Set New Price Targets

DD has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday. Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped 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, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $96.33.

DuPont de Nemours Price Performance

Shares of NYSE DD traded up $1.03 during mid-day trading on Wednesday, reaching $76.31. 1,981,188 shares of the company traded hands, compared to its average volume of 2,495,302. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The firm has a market cap of $31.89 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35. The stock has a fifty day simple moving average of $80.02 and a 200-day simple moving average of $81.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. Equities research analysts anticipate that DuPont de Nemours will post 3.89 EPS for the current fiscal year.

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.