DuPont de Nemours (NYSE:DD) Releases Q3 2022 Earnings Guidance

DuPont de Nemours (NYSE:DDGet Rating) updated its third quarter 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.81-$0.81 for the period, compared to the consensus estimate of $1.10. The company issued revenue guidance of $3.17 billion-$3.37 billion, compared to the consensus revenue estimate of $4.17 billion. DuPont de Nemours also updated its FY 2022 guidance to $3.27-$3.43 EPS.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DD. UBS Group cut their target price on DuPont de Nemours from $96.00 to $87.00 in a research note on Wednesday, July 13th. Deutsche Bank Aktiengesellschaft cut their target price on DuPont de Nemours from $80.00 to $70.00 in a research note on Wednesday. Credit Suisse Group lowered their price target on DuPont de Nemours from $81.00 to $77.00 and set an outperform rating on the stock in a report on Wednesday. Bank of America lowered their price target on DuPont de Nemours from $77.00 to $73.00 in a report on Wednesday, July 13th. Finally, Royal Bank of Canada lowered their price target on DuPont de Nemours from $81.00 to $75.00 and set an outperform rating on the stock in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $80.40.

DuPont de Nemours Stock Performance

DD traded up $0.31 during midday trading on Friday, reaching $58.88. The company had a trading volume of 1,936,834 shares, compared to its average volume of 3,013,648. The company has a quick ratio of 2.38, a current ratio of 2.55 and a debt-to-equity ratio of 0.41. DuPont de Nemours has a 1 year low of $52.56 and a 1 year high of $85.16. The business has a 50-day moving average of $59.28 and a two-hundred day moving average of $68.07. The company has a market cap of $29.94 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.87 and a beta of 1.42.

DuPont de Nemours (NYSE:DDGet Rating) last released its earnings results on Tuesday, August 2nd. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.26 billion. DuPont de Nemours had a return on equity of 7.54% and a net margin of 12.35%. The firm’s revenue was down 19.7% on a year-over-year basis. During the same quarter last year, the business posted $1.06 earnings per share. As a group, equities research analysts predict that DuPont de Nemours will post 3.35 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, July 29th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, July 28th. DuPont de Nemours’s dividend payout ratio is presently 36.26%.

Institutional Investors Weigh In On DuPont de Nemours

Several institutional investors have recently modified their holdings of DD. Geneos Wealth Management Inc. lifted its holdings in shares of DuPont de Nemours by 3.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,475 shares of the basic materials company’s stock valued at $402,000 after buying an additional 204 shares during the period. Walleye Capital LLC acquired a new position in shares of DuPont de Nemours in the 1st quarter valued at about $379,000. Fund Management at Engine No. 1 LLC acquired a new position in shares of DuPont de Nemours in the 1st quarter valued at about $319,000. Williams Jones Wealth Management LLC. raised its holdings in DuPont de Nemours by 66.9% in the 1st quarter. Williams Jones Wealth Management LLC. now owns 4,232 shares of the basic materials company’s stock worth $311,000 after purchasing an additional 1,697 shares during the period. Finally, Virtu Financial LLC acquired a new position in DuPont de Nemours in the 1st quarter worth about $283,000. 73.33% of the stock is owned by institutional investors.

DuPont de Nemours Company Profile

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

See Also

Earnings History and Estimates for DuPont de Nemours (NYSE:DD)

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