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

DuPont de Nemours (NYSE:DD) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Investors 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 results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The company had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. 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 Performance

NYSE:DD opened at $73.50 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The company has a market cap of $30.73 billion, a price-to-earnings ratio of 79.45, a PEG ratio of 2.42 and a beta of 1.40. DuPont de Nemours has a 1 year low of $61.14 and a 1 year high of $78.74. The stock’s 50 day simple moving average is $73.34 and its two-hundred day simple moving average is $72.04.

DuPont de Nemours Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Mizuho lowered their target price on shares of DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. StockNews.com raised shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Bank of America lowered DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price objective for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. Finally, Barclays reduced their price target on shares of DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $77.90.

Insider Buying and Selling at DuPont de Nemours

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

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.