DuPont de Nemours (NYSE:DD) Releases Earnings Results, Beats Expectations By $0.14 EPS

DuPont de Nemours (NYSE:DD) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.14, Briefing.com reports. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.81 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.84 EPS.

DuPont de Nemours Stock Performance

NYSE:DD traded down $0.56 on Thursday, reaching $77.75. 3,202,310 shares of the company’s stock were exchanged, compared to its average volume of 3,045,639. 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 firm has a market cap of $32.50 billion, a price-to-earnings ratio of 83.30, a P/E/G ratio of 2.38 and a beta of 1.39. DuPont de Nemours has a 52 week low of $61.14 and a 52 week high of $79.19. The stock has a fifty day simple moving average of $73.62 and a 200-day simple moving average of $72.07.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be given 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 yield of 1.95%. DuPont de Nemours’s dividend payout ratio is presently 163.44%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. TheStreet lowered shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Bank of America downgraded shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and upped their price objective for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. Barclays upped their price objective on shares of DuPont de Nemours from $70.00 to $81.00 and gave the stock an “equal weight” rating in a report on Thursday. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of “Hold” and a consensus price target of $80.00.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the firm’s stock in a transaction that occurred on 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 directly owns 15,587 shares in the company, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.56% of the stock is owned by company insiders.

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.