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

DuPont de Nemours (NYSE:DD - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of research analyst reports. Citigroup decreased their target price on DuPont de Nemours from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. StockNews.com lowered shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Wednesday. Barclays increased their price objective 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. Finally, Wells Fargo & Company upped their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $96.33.

DuPont de Nemours Stock Performance

DuPont de Nemours stock traded up $1.03 during mid-day trading on Wednesday, reaching $76.31. 1,980,424 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's fifty day moving average is $80.02 and its two-hundred day 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. The company has a market capitalization of $31.89 billion, a price-to-earnings ratio of 40.16, a price-to-earnings-growth ratio of 1.95 and a beta of 1.35.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. On average, equities research analysts expect that DuPont de Nemours will post 3.89 earnings per share for the current fiscal year.

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.

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