DuPont de Nemours (DD) Set to Announce Earnings on Wednesday

DuPont de Nemours (NYSE:DD) will release its earnings data before the market opens on Wednesday, July 31st. Analysts expect DuPont de Nemours to post earnings of $0.85 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a net margin of 2.75% and a return on equity of 6.07%. DuPont de Nemours’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share. On average, analysts expect DuPont de Nemours to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

DuPont de Nemours Stock Up 0.9 %

DD stock opened at $80.91 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $80.23 and a two-hundred day moving average of $75.26. DuPont de Nemours has a 12 month low of $61.14 and a 12 month high of $82.63. The company has a market cap of $33.83 billion, a price-to-earnings ratio of 98.67, a PEG ratio of 2.50 and a beta of 1.34.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Insider Transactions at DuPont de Nemours

In related news, insider Michael G. Goss sold 1,339 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the sale, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Leland Weaver sold 18,500 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the transaction, the insider now owns 24,476 shares of the company’s stock, valued at $1,918,918.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total transaction of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares of the company’s stock, valued at approximately $1,097,559.96. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and upped their target price for the company from $78.00 to $101.00 in a report on Friday, May 17th. Mizuho upped their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price target for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Finally, UBS Group lifted their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $91.00.

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.