DuPont de Nemours (DD) Scheduled to Post Quarterly Earnings on Tuesday

DuPont de Nemours (NYSE:DD) is set to announce its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.03 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business posted $0.85 earnings per share. DuPont de Nemours’s revenue was up 2.5% on a year-over-year basis. 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 Down 0.6 %

DD stock opened at $82.50 on Friday. The stock has a market cap of $34.46 billion, a P/E ratio of 54.28, a P/E/G ratio of 2.20 and a beta of 1.35. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $84.15 and its two-hundred day simple moving average is $80.90. DuPont de Nemours has a 1-year low of $61.14 and a 1-year high of $90.06.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

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

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.