DuPont de Nemours, Inc. (NYSE:DD – Free Report) – Research analysts at KeyCorp lowered their FY2023 earnings estimates for shares of DuPont de Nemours in a report released on Wednesday, November 1st. KeyCorp analyst A. Yefremov now anticipates that the basic materials company will post earnings of $3.46 per share for the year, down from their prior estimate of $3.47. The consensus estimate for DuPont de Nemours’ current full-year earnings is $3.45 per share. KeyCorp also issued estimates for DuPont de Nemours’ Q4 2023 earnings at $0.83 EPS, Q1 2024 earnings at $0.91 EPS, Q2 2024 earnings at $1.05 EPS, Q3 2024 earnings at $1.12 EPS, Q4 2024 earnings at $1.12 EPS and FY2024 earnings at $4.20 EPS.
DuPont de Nemours (NYSE:DD – Get Free Report) last announced its earnings results on Wednesday, November 1st. The basic materials company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. DuPont de Nemours had a net margin of 37.49% and a return on equity of 6.18%. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The company’s quarterly revenue was down 7.8% on a year-over-year basis.
DuPont de Nemours Stock Performance
Shares of DuPont de Nemours stock opened at $69.67 on Friday. The stock has a market cap of $31.98 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 2.01 and a beta of 1.36. The firm’s 50-day moving average is $74.18 and its 200 day moving average is $72.06. DuPont de Nemours has a 1 year low of $60.47 and a 1 year high of $78.74. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.15 and a quick ratio of 2.35.
DuPont de Nemours Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, November 29th. DuPont de Nemours’s payout ratio is currently 14.89%.
In other news, SVP Raj Ratnakar sold 50,633 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $77.42, for a total transaction of $3,920,006.86. Following the completion of the sale, the senior vice president now owns 31,720 shares of the company’s stock, valued at approximately $2,455,762.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.38% of the company’s stock.
Institutional Investors Weigh In On DuPont de Nemours
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Asset Advisory Services LLC increased its holdings in DuPont de Nemours by 0.9% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 15,345 shares of the basic materials company’s stock worth $1,114,000 after acquiring an additional 133 shares in the last quarter. Sawgrass Asset Management LLC boosted its stake in DuPont de Nemours by 3.1% in the 2nd quarter. Sawgrass Asset Management LLC now owns 4,618 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 141 shares during the period. Strategic Advisors LLC boosted its stake in DuPont de Nemours by 0.8% in the 2nd quarter. Strategic Advisors LLC now owns 18,634 shares of the basic materials company’s stock worth $1,331,000 after purchasing an additional 142 shares during the period. Dakota Wealth Management boosted its stake in DuPont de Nemours by 3.0% in the 2nd quarter. Dakota Wealth Management now owns 4,886 shares of the basic materials company’s stock worth $349,000 after purchasing an additional 143 shares during the period. Finally, Ballast Inc. boosted its stake in DuPont de Nemours by 1.0% in the 3rd quarter. Ballast Inc. now owns 14,119 shares of the basic materials company’s stock worth $1,053,000 after purchasing an additional 143 shares during the period. 76.25% of the stock is 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 addressing various steps of the manufacturing process.
- Five stocks we like better than DuPont de Nemours
- What are stock market earnings reports?
- Shocking uranium play that hedge funds kept hidden
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Dependable dividends: Why utility stocks are on fire
- Why Are Stock Sectors Important to Successful Investing?
- Realtor verdict, poor revenue guidance send Zillow stock plunging
Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.