Corteva, Inc. (NYSE:CTVA – Free Report) – Investment analysts at KeyCorp issued their FY2026 earnings estimates for shares of Corteva in a note issued to investors on Sunday, April 13th. KeyCorp analyst A. Yefremov forecasts that the company will post earnings per share of $3.47 for the year. KeyCorp currently has a “Overweight” rating and a $71.00 target price on the stock. The consensus estimate for Corteva’s current full-year earnings is $2.96 per share.
Corteva (NYSE:CTVA – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%.
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Corteva Trading Down 1.0 %
Shares of CTVA stock opened at $59.68 on Tuesday. The business’s fifty day moving average price is $61.15 and its 200 day moving average price is $60.27. The firm has a market capitalization of $40.77 billion, a PE ratio of 46.27, a P/E/G ratio of 1.68 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.93. Corteva has a 1-year low of $50.01 and a 1-year high of $66.24.
Corteva Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend was Monday, March 3rd. Corteva’s dividend payout ratio (DPR) is 52.71%.
Insider Activity at Corteva
In related news, insider Brian Titus sold 26,560 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $63.74, for a total value of $1,692,934.40. Following the sale, the insider now directly owns 11,347 shares of the company’s stock, valued at approximately $723,257.78. This trade represents a 70.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company’s stock.
Hedge Funds Weigh In On Corteva
Large investors have recently bought and sold shares of the stock. M&T Bank Corp boosted its holdings in Corteva by 0.8% in the third quarter. M&T Bank Corp now owns 2,077,000 shares of the company’s stock valued at $122,107,000 after acquiring an additional 16,087 shares during the last quarter. World Investment Advisors LLC purchased a new position in shares of Corteva in the 3rd quarter worth about $319,000. Wilmington Savings Fund Society FSB lifted its stake in shares of Corteva by 247.9% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 44,080 shares of the company’s stock valued at $2,591,000 after purchasing an additional 31,411 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Corteva by 6.1% during the 3rd quarter. Franklin Resources Inc. now owns 14,788,607 shares of the company’s stock worth $860,746,000 after purchasing an additional 856,007 shares during the period. Finally, 1ST Source Bank raised its holdings in Corteva by 1.9% in the third quarter. 1ST Source Bank now owns 19,195 shares of the company’s stock valued at $1,128,000 after buying an additional 367 shares during the period. Hedge funds and other institutional investors own 81.54% of the company’s stock.
Corteva Company Profile
Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.
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