E.I. du Pont de Nemours and Company (DD) Expected to Announce Quarterly Sales of $4.99 Billion
Wall Street brokerages expect that E.I. du Pont de Nemours and Company (NYSE:DD) will post sales of $4.99 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for E.I. du Pont de Nemours and’s earnings, with estimates ranging from $4.81 billion to $5.10 billion. E.I. du Pont de Nemours and posted sales of $4.92 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.4%. The company is expected to announce its next earnings results on Tuesday, October 24th.
On average, analysts expect that E.I. du Pont de Nemours and will report full-year sales of $4.99 billion for the current financial year, with estimates ranging from $25.14 billion to $25.75 billion. For the next year, analysts anticipate that the company will report sales of $26.41 billion per share, with estimates ranging from $25.64 billion to $27.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for E.I. du Pont de Nemours and.
E.I. du Pont de Nemours and (NYSE:DD) last released its earnings results on Tuesday, July 25th. The basic materials company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.09. E.I. du Pont de Nemours and had a net margin of 8.86% and a return on equity of 31.23%. The business had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.28 billion. During the same quarter last year, the company earned $1.24 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis.
Several equities analysts recently commented on DD shares. BidaskClub raised shares of E.I. du Pont de Nemours and from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research raised shares of E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Tuesday, August 22nd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $81.25.
In related news, SVP Benito Cachinero sold 10,621 shares of the stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $81.67, for a total transaction of $867,417.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in E.I. du Pont de Nemours and by 2,719.5% in the first quarter. BlackRock Inc. now owns 54,686,195 shares of the basic materials company’s stock valued at $4,392,942,000 after buying an additional 52,746,611 shares in the last quarter. JPMorgan Chase & Co. boosted its position in E.I. du Pont de Nemours and by 36.6% in the first quarter. JPMorgan Chase & Co. now owns 18,028,546 shares of the basic materials company’s stock valued at $1,448,235,000 after buying an additional 4,825,726 shares in the last quarter. FMR LLC boosted its position in E.I. du Pont de Nemours and by 5.9% in the first quarter. FMR LLC now owns 32,371,752 shares of the basic materials company’s stock valued at $2,600,423,000 after buying an additional 1,813,187 shares in the last quarter. Vanguard Group Inc. boosted its position in E.I. du Pont de Nemours and by 2.9% in the first quarter. Vanguard Group Inc. now owns 60,580,688 shares of the basic materials company’s stock valued at $4,866,447,000 after buying an additional 1,685,604 shares in the last quarter. Finally, Pentwater Capital Management LP bought a new position in E.I. du Pont de Nemours and during the first quarter valued at about $128,528,000. 71.21% of the stock is currently owned by institutional investors.
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Shares of E.I. du Pont de Nemours and (DD) opened at 82.88 on Tuesday. E.I. du Pont de Nemours and has a 1-year low of $66.02 and a 1-year high of $86.36. The company has a market cap of $71.92 billion, a PE ratio of 32.38 and a beta of 1.76. The company has a 50 day moving average of $82.86 and a 200 day moving average of $80.60.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Monday, July 31st will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, July 27th. E.I. du Pont de Nemours and’s dividend payout ratio is presently 59.38%.
E.I. du Pont de Nemours and Company Profile
E. I. du Pont de Nemours and Company is a science and technology-based company. It operates through six segments: Agriculture, Electronics & Communications (E&C), Industrial Biosciences, Nutrition & Health, Performance Materials and Protection Solutions. Its Agriculture segment includes products, such as corn hybrids and soybean varieties, herbicides, fungicides and insecticides.
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