DuPont de Nemours (DD) to Release Quarterly Earnings on Wednesday

DuPont de Nemours (NYSE:DD) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm posted $0.89 EPS. 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 Stock Down 0.5 %

Shares of NYSE DD opened at $73.50 on Tuesday. The stock has a market capitalization of $30.73 billion, a price-to-earnings ratio of 79.45, a P/E/G ratio of 2.42 and a beta of 1.40. The firm’s 50-day moving average price is $73.34 and its 200-day moving average price is $72.04. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $78.74. The company has a current ratio of 2.43, a quick ratio of 1.73 and a debt-to-equity ratio of 0.32.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Thursday, May 30th. DuPont de Nemours’s payout ratio is currently 163.44%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Wells Fargo & Company boosted their price target on shares of 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. Wolfe Research began coverage on DuPont de Nemours in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Barclays reduced their target price on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Finally, Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Hold” and an average price target of $77.90.

Insider Activity

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

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.