Wall Street brokerages forecast that E.I. du Pont de Nemours and Company (NYSE:DD) will post earnings of $0.41 per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for E.I. du Pont de Nemours and’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.45. E.I. du Pont de Nemours and reported earnings of $0.34 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 20.6%. The firm is expected to report its next earnings results on Tuesday, October 24th.
On average, analysts expect that E.I. du Pont de Nemours and will report full-year earnings of $3.89 per share for the current year, with EPS estimates ranging from $3.75 to $4.00. For the next year, analysts anticipate that the company will post earnings of $4.09 per share, with EPS estimates ranging from $3.80 to $4.20. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover 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 (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.09. E.I. du Pont de Nemours and had a return on equity of 31.23% and a net margin of 8.86%. The firm had revenue of $7.42 billion during the quarter, compared to analysts’ expectations of $7.28 billion. During the same quarter last year, the business posted $1.24 earnings per share. The firm’s revenue was up 5.1% on a year-over-year basis.
A number of equities analysts recently issued reports on the company. BidaskClub lowered E.I. du Pont de Nemours and from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research raised E.I. du Pont de Nemours and from a “hold” rating to a “buy” rating and set a $91.00 price target on the stock in a report on Tuesday, June 27th. Royal Bank Of Canada reissued a “sector perform” rating and set a $86.00 price target (up previously from $78.00) on shares of E.I. du Pont de Nemours and in a report on Wednesday, April 26th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $95.00 price target (up previously from $90.00) on shares of E.I. du Pont de Nemours and in a report on Saturday, April 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $81.15.
E.I. du Pont de Nemours and (DD) traded up 0.20% during trading on Wednesday, reaching $80.97. The company’s stock had a trading volume of 1,947,088 shares. The stock has a 50-day moving average of $82.68 and a 200 day moving average of $80.21. The firm has a market capitalization of $70.27 billion, a P/E ratio of 31.63 and a beta of 1.76. E.I. du Pont de Nemours and has a one year low of $66.02 and a one year high of $86.36.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, July 31st will be paid a $0.38 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.52 annualized dividend and a yield of 1.88%. E.I. du Pont de Nemours and’s payout ratio is currently 59.38%.
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A number of hedge funds have recently added to or reduced their stakes in DD. Vanguard Group Inc. boosted its stake in E.I. du Pont de Nemours and by 2.4% in the second quarter. Vanguard Group Inc. now owns 62,005,773 shares of the basic materials company’s stock valued at $5,004,485,000 after buying an additional 1,425,085 shares during the last quarter. BlackRock Inc. boosted its stake in shares of E.I. du Pont de Nemours and by 0.8% in the second quarter. BlackRock Inc. now owns 55,113,575 shares of the basic materials company’s stock valued at $4,448,217,000 after buying an additional 427,380 shares in the last quarter. FMR LLC boosted its stake in shares of E.I. du Pont de Nemours and by 5.1% in the second quarter. FMR LLC now owns 34,026,342 shares of the basic materials company’s stock valued at $2,746,266,000 after buying an additional 1,654,590 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of 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. Finally, Barrow Hanley Mewhinney & Strauss LLC boosted its stake in shares of E.I. du Pont de Nemours and by 15.9% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 9,343,994 shares of the basic materials company’s stock valued at $750,603,000 after buying an additional 1,281,358 shares in the last quarter. 71.23% of the stock is owned by hedge funds and other institutional investors.
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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