DuPont de Nemours (DD) Scheduled to Post Earnings on Wednesday

DuPont de Nemours (NYSE:DD) will be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect DuPont de Nemours to post earnings of $0.65 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts expect DuPont de Nemours to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $73.80 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. DuPont de Nemours has a one year low of $61.14 and a one year high of $78.74. The firm has a market capitalization of $30.85 billion, a P/E ratio of 79.36, a PEG ratio of 2.44 and a beta of 1.40. The business has a fifty day moving average price of $72.90 and a 200-day moving average price of $72.11.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. DuPont de Nemours’s payout ratio is 163.44%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DD shares. Mizuho reduced their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Wednesday, February 7th. Royal Bank of Canada raised their target price on DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Wells Fargo & Company raised their target price on DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. BMO Capital Markets cut DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $80.00 to $72.00 in a research report on Wednesday, January 24th. Finally, Citigroup lifted their price objective on DuPont de Nemours from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $77.90.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of DuPont de Nemours stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total transaction of $171,371.20. Following the completion of the transaction, the insider now directly owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.56% of the company’s stock.

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.