DuPont de Nemours, Inc. (NYSE:DD – Free Report) – Investment analysts at KeyCorp lowered their FY2023 earnings per share estimates for shares of DuPont de Nemours in a research report issued on Monday, October 2nd. KeyCorp analyst A. Yefremov now expects that the basic materials company will earn $3.47 per share for the year, down from their previous estimate of $3.49. The consensus estimate for DuPont de Nemours’ current full-year earnings is $3.44 per share. KeyCorp also issued estimates for DuPont de Nemours’ Q4 2023 earnings at $0.90 EPS and Q2 2024 earnings at $1.13 EPS.
DuPont de Nemours (NYSE:DD – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The basic materials company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. DuPont de Nemours had a net margin of 37.09% and a return on equity of 6.11%. The business had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The business’s quarterly revenue was down 6.9% on a year-over-year basis.
Get Our Latest Analysis on DuPont de Nemours
DuPont de Nemours Price Performance
Shares of NYSE:DD opened at $73.68 on Wednesday. DuPont de Nemours has a 12-month low of $50.20 and a 12-month high of $78.74. The company has a quick ratio of 2.35, a current ratio of 2.98 and a debt-to-equity ratio of 0.29. The company has a market cap of $33.82 billion, a P/E ratio of 7.60, a price-to-earnings-growth ratio of 2.18 and a beta of 1.39. The company’s fifty day moving average is $75.42 and its two-hundred day moving average is $71.58.
Institutional Investors Weigh In On DuPont de Nemours
Institutional investors have recently modified their holdings of the stock. Metis Global Partners LLC boosted its position in DuPont de Nemours by 33.0% in the first quarter. Metis Global Partners LLC now owns 17,547 shares of the basic materials company’s stock valued at $1,259,000 after buying an additional 4,351 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in DuPont de Nemours by 2.5% during the first quarter. Commonwealth Equity Services LLC now owns 225,849 shares of the basic materials company’s stock worth $16,209,000 after buying an additional 5,433 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in shares of DuPont de Nemours by 8.1% during the 1st quarter. Personal CFO Solutions LLC now owns 5,868 shares of the basic materials company’s stock worth $421,000 after acquiring an additional 441 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the 1st quarter valued at about $73,000. Finally, Signaturefd LLC grew its holdings in shares of DuPont de Nemours by 7.6% in the first quarter. Signaturefd LLC now owns 5,726 shares of the basic materials company’s stock valued at $411,000 after purchasing an additional 405 shares during the period. 76.25% of the stock is owned by institutional investors.
Insider Transactions at DuPont de Nemours
In related news, SVP Raj Ratnakar sold 50,633 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $77.42, for a total transaction of $3,920,006.86. Following the transaction, the senior vice president now owns 31,720 shares in the company, valued at $2,455,762.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Raj Ratnakar sold 50,633 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $77.42, for a total transaction of $3,920,006.86. Following the completion of the sale, the senior vice president now owns 31,720 shares of the company’s stock, valued at approximately $2,455,762.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael G. Goss sold 7,919 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $77.36, for a total transaction of $612,613.84. Following the sale, the insider now directly owns 13,363 shares of the company’s stock, valued at $1,033,761.68. The disclosure for this sale can be found here. Insiders sold a total of 74,390 shares of company stock valued at $5,713,502 in the last quarter. 0.50% of the stock is owned by insiders.
DuPont de Nemours Company Profile
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 addressing various steps of the manufacturing process.
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