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

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

DuPont de Nemours stock traded up $5.39 during midday trading on Tuesday, reaching $87.24. 2,308,363 shares of the company were exchanged, compared to its average volume of 2,483,569. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a market capitalization of $36.44 billion, a price-to-earnings ratio of 56.84, a P/E/G ratio of 2.18 and a beta of 1.35. The firm’s 50-day simple moving average is $84.15 and its 200-day simple moving average is $81.01. 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 company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.74%. DuPont de Nemours’s payout ratio is currently 100.00%.

Analysts Set New Price Targets

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

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.