DuPont de Nemours, Inc. (NYSE:DD – Free Report) – Investment analysts at KeyCorp issued their Q3 2024 EPS estimates for shares of DuPont de Nemours in a research note issued on Sunday, October 6th. KeyCorp analyst A. Yefremov expects that the basic materials company will earn $1.05 per share for the quarter. The consensus estimate for DuPont de Nemours’ current full-year earnings is $3.74 per share. KeyCorp also issued estimates for DuPont de Nemours’ Q4 2024 earnings at $1.03 EPS, FY2024 earnings at $3.84 EPS and FY2025 earnings at $4.50 EPS.
DuPont de Nemours (NYSE:DD – Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS.
Read Our Latest Report on DuPont de Nemours
DuPont de Nemours Price Performance
DD opened at $84.48 on Wednesday. The firm has a market cap of $35.32 billion, a price-to-earnings ratio of 103.02, a PEG ratio of 2.23 and a beta of 1.34. 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 50-day moving average price is $82.34 and its 200 day moving average price is $79.82. DuPont de Nemours has a 12-month low of $61.14 and a 12-month high of $90.06.
Hedge Funds Weigh In On DuPont de Nemours
A number of hedge funds and other institutional investors have recently bought and sold shares of DD. Vanguard Group Inc. grew its holdings in shares of DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after acquiring an additional 3,168,740 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of DuPont de Nemours by 403.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after buying an additional 1,139,156 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in shares of DuPont de Nemours in the second quarter valued at $83,540,000. Renaissance Technologies LLC purchased a new stake in shares of DuPont de Nemours in the 2nd quarter worth about $67,665,000. Finally, Ceredex Value Advisors LLC grew its stake in DuPont de Nemours by 95.0% in the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after acquiring an additional 567,732 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
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.
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