DuPont de Nemours (NYSE:DD) Issues FY 2024 Earnings Guidance

DuPont de Nemours (NYSE:DD) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 3.900-3.900 for the period, compared to the consensus EPS estimate of 3.770. 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 2024 guidance to 0.980-0.980 EPS.

DuPont de Nemours Stock Up 6.6 %

Shares of DuPont de Nemours stock traded up $5.39 during trading on Tuesday, hitting $87.24. The company’s stock had a trading volume of 2,308,363 shares, compared to its average volume of 2,483,569. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a fifty day simple moving average of $84.15 and a two-hundred day simple moving average of $81.01. The company has a market capitalization of $36.44 billion, a PE ratio of 56.84, a P/E/G ratio of 2.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.74%. DuPont de Nemours’s payout ratio is presently 100.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DD shares. Morgan Stanley increased 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 report on Monday, October 21st. Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $88.00 to $84.00 in a report on Monday, October 7th. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $94.83.

DuPont de Nemours Company Profile

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.