Corteva (CTVA) Scheduled to Post Earnings on Wednesday

Corteva (NYSE:CTVA) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Corteva (NYSE:CTVA) last issued its earnings results on Thursday, February 1st. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. The business had revenue of $3.71 billion for the quarter, compared to analysts’ expectations of $3.54 billion. Corteva had a return on equity of 7.43% and a net margin of 4.27%. During the same period in the previous year, the firm posted $0.16 EPS. On average, analysts expect Corteva to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corteva Stock Performance

Shares of NYSE CTVA opened at $55.19 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.56 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $38.57 billion, a price-to-earnings ratio of 54.11, a PEG ratio of 1.44 and a beta of 0.77. The stock’s fifty day simple moving average is $55.26 and its 200 day simple moving average is $50.37. Corteva has a 52-week low of $43.22 and a 52-week high of $61.87.

Corteva Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.16%. Corteva’s dividend payout ratio is 62.75%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Oppenheimer upped their price target on Corteva from $62.00 to $67.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Wells Fargo & Company upped their price target on Corteva from $54.00 to $65.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Barclays increased their target price on Corteva from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 10th. KeyCorp increased their target price on Corteva from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. Finally, Royal Bank of Canada increased their target price on Corteva from $56.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Six analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $63.29.

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.