DuPont de Nemours (NYSE:DD) Issues Quarterly Earnings Results

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

DuPont de Nemours Stock Performance

DuPont de Nemours stock traded down $0.74 during mid-day trading on Thursday, reaching $77.57. 1,434,604 shares of the company traded hands, compared to its average volume of 3,024,201. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. DuPont de Nemours has a fifty-two week low of $61.14 and a fifty-two week high of $79.19. The company has a market capitalization of $32.43 billion, a price-to-earnings ratio of 83.30, a price-to-earnings-growth ratio of 2.38 and a beta of 1.39. The firm’s fifty day moving average is $73.62 and its two-hundred day moving average is $72.07.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid 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 1.96%. DuPont de Nemours’s payout ratio is 163.44%.

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 2,354 shares of the company’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 transaction of $171,371.20. Following the transaction, the insider now owns 15,587 shares in the company, valued at approximately $1,134,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.56% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on DD. Bank of America lowered shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and boosted their price target for the company from $78.00 to $80.00 in a report on Tuesday, January 16th. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Barclays boosted 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 research note on Thursday. Wolfe Research initiated coverage on shares of DuPont de Nemours in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Finally, Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.00.

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.