DuPont de Nemours (NYSE:DD) Releases Q4 2024 Earnings Guidance

DuPont de Nemours (NYSE:DD) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.980-0.980 for the period, compared to the consensus earnings per share estimate of 0.990. 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 Performance

Shares of DD stock opened at $76.31 on Thursday. The stock has a market capitalization of $31.89 billion, a PE ratio of 40.16, a PEG ratio of 1.53 and a beta of 1.35. The business’s 50 day simple moving average is $80.02 and its 200 day simple moving average is $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 has a one year low of $61.14 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. 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 prior year, the firm posted $0.92 EPS. The company’s quarterly revenue was up 4.4% on a year-over-year basis. As a group, research analysts forecast that DuPont de Nemours will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. 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 note on Wednesday, November 6th. Wells Fargo & Company increased their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley lifted their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.