Corteva (NYSE:CTVA – Get Rating) will announce its earnings results after the market closes on Wednesday, May 3rd. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Corteva (NYSE:CTVA – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.06 by $0.10. Corteva had a return on equity of 7.54% and a net margin of 6.57%. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the company earned $0.08 earnings per share. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. On average, analysts expect Corteva to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Corteva Stock Down 1.6 %
NYSE CTVA opened at $60.53 on Wednesday. The stock’s 50-day moving average price is $60.59 and its 200-day moving average price is $62.12. The company has a quick ratio of 0.93, a current ratio of 1.56 and a debt-to-equity ratio of 0.05. Corteva has a 52 week low of $50.03 and a 52 week high of $68.43. The company has a market capitalization of $43.13 billion, a P/E ratio of 38.55, a price-to-earnings-growth ratio of 1.41 and a beta of 0.78.
Corteva Announces Dividend
Wall Street Analyst Weigh In
Several research firms recently issued reports on CTVA. Citigroup increased their target price on Corteva from $72.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Wells Fargo & Company dropped their target price on Corteva from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Friday, February 3rd. Bank of America raised Corteva from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $64.00 to $68.00 in a research note on Wednesday, January 11th. Oppenheimer started coverage on Corteva in a research note on Thursday, April 6th. They set a “market perform” rating for the company. Finally, Mizuho lifted their target price on Corteva from $76.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, April 21st. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.44.
Insider Transactions at Corteva
In related news, CEO Charles V. Magro purchased 40,000 shares of Corteva stock in a transaction dated Monday, February 6th. The stock was purchased at an average cost of $60.64 per share, with a total value of $2,425,600.00. Following the transaction, the chief executive officer now owns 126,095 shares in the company, valued at approximately $7,646,400.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC grew its stake in Corteva by 2.0% during the 3rd quarter. Kingsview Wealth Management LLC now owns 7,660 shares of the company’s stock worth $438,000 after buying an additional 153 shares during the last quarter. Laidlaw Wealth Management LLC grew its stake in Corteva by 5.1% during the 4th quarter. Laidlaw Wealth Management LLC now owns 3,968 shares of the company’s stock valued at $233,000 after purchasing an additional 194 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in Corteva by 3.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,535 shares of the company’s stock valued at $433,000 after purchasing an additional 272 shares during the last quarter. Harbour Investments Inc. grew its stake in Corteva by 33.2% during the 4th quarter. Harbour Investments Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after purchasing an additional 304 shares during the last quarter. Finally, Covestor Ltd grew its stake in Corteva by 26.6% during the 1st quarter. Covestor Ltd now owns 2,097 shares of the company’s stock valued at $121,000 after purchasing an additional 440 shares during the last quarter. 79.45% of the stock is currently owned by hedge funds and other institutional investors.
About Corteva
Corteva, Inc engages in the provision of seed and crop protection solutions, which focus on the agriculture industry and contributing to food supply. It operates through the Seed and Crop Protection segments. The Seed segment is involved in developing and supplying advanced germplasm and traits that produce yield for farms.
Featured Articles
- Get a free copy of the StockNews.com research report on Corteva (CTVA)
- United Parcel Service Delivers A Warning To The Market
- Pulte Homes Is Hosting The Better, More Profitable Open House
- Virios Therapeutics Up 75% on Fibromyalgia Phase 3 Proposal
- A Top Is In For McDonald’s Corporation Stock
- Strong Demand Makes Cleveland-Cliffs an Undervalued Mid-Cap
Receive News & Ratings for Corteva Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Corteva and related companies with MarketBeat.com's FREE daily email newsletter.
