Corteva (NYSE:CTVA – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 3.450-3.700 for the period, compared to the consensus earnings per share estimate of 3.230. The company issued revenue guidance of -, compared to the consensus revenue estimate of $18.4 billion.
Wall Street Analyst Weigh In
Several brokerages have recently commented on CTVA. Argus raised Corteva to a “strong-buy” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Corteva in a research report on Monday, December 29th. Citigroup raised their price target on Corteva from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. UBS Group cut their target price on shares of Corteva from $85.00 to $81.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Rothschild & Co Redburn lowered their price target on shares of Corteva from $71.00 to $65.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Corteva has an average rating of “Moderate Buy” and an average target price of $79.58.
View Our Latest Stock Analysis on CTVA
Corteva Trading Up 2.3%
Corteva (NYSE:CTVA – Get Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Corteva had a net margin of 9.19% and a return on equity of 9.37%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same quarter last year, the business earned $0.32 earnings per share. Corteva’s revenue was down 1.7% compared to the same quarter last year. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Research analysts forecast that Corteva will post 2.96 EPS for the current year.
Corteva Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.0%. Corteva’s dividend payout ratio (DPR) is currently 30.77%.
Institutional Investors Weigh In On Corteva
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kelleher Financial Advisors raised its position in shares of Corteva by 3.8% in the 3rd quarter. Kelleher Financial Advisors now owns 4,594 shares of the company’s stock valued at $311,000 after purchasing an additional 170 shares in the last quarter. Binnacle Investments Inc increased its stake in shares of Corteva by 54.7% in the second quarter. Binnacle Investments Inc now owns 512 shares of the company’s stock worth $38,000 after buying an additional 181 shares during the last quarter. Cresset Asset Management LLC increased its stake in shares of Corteva by 2.6% in the second quarter. Cresset Asset Management LLC now owns 7,063 shares of the company’s stock worth $526,000 after buying an additional 181 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Corteva by 52.8% in the third quarter. Sunbelt Securities Inc. now owns 923 shares of the company’s stock valued at $62,000 after acquiring an additional 319 shares in the last quarter. Finally, JPL Wealth Management LLC bought a new position in Corteva during the 3rd quarter valued at $25,000. 81.54% of the stock is currently owned by institutional investors and hedge funds.
About Corteva
Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.
Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.
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