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

DuPont de Nemours (NYSE:DD) is set to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect DuPont de Nemours to post earnings of $0.65 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The company had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the business earned $0.89 earnings per share. 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 Up 0.3 %

Shares of NYSE DD opened at $73.71 on Monday. The stock has a market cap of $30.82 billion, a PE ratio of 79.26, a PEG ratio of 2.42 and a beta of 1.40. The business has a fifty day moving average of $73.23 and a two-hundred day moving average of $72.06. DuPont de Nemours has a 52-week low of $61.14 and a 52-week high of $78.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.73 and a current ratio of 2.43.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.06%. DuPont de Nemours’s payout ratio is presently 163.44%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DD. Mizuho cut their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Barclays cut their price objective on DuPont de Nemours from $74.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. BMO Capital Markets cut DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their price target for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Bank of America cut DuPont de Nemours from a “buy” rating to an “underperform” rating and lifted their price target for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. Finally, TheStreet cut DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Hold” and a consensus price target of $77.90.

Insider Buying and Selling

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

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.