DowDuPont Inc (NYSE:DWDP) – Equities research analysts at Jefferies Financial Group cut their Q4 2018 earnings estimates for shares of DowDuPont in a note issued to investors on Thursday, November 1st. Jefferies Financial Group analyst L. Alexander now expects that the company will post earnings of $0.92 per share for the quarter, down from their previous forecast of $0.99.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $20.12 billion for the quarter, compared to analyst estimates of $20.24 billion. DowDuPont had a return on equity of 9.38% and a net margin of 2.45%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS.
Other equities research analysts have also issued research reports about the company. ValuEngine raised DowDuPont from a “sell” rating to a “hold” rating in a research note on Tuesday, August 28th. MED reissued a “buy” rating and set a $90.00 price target on shares of DowDuPont in a research note on Thursday, August 2nd. Barclays decreased their price target on DowDuPont from $77.00 to $75.00 and set an “equal weight” rating on the stock in a research note on Monday, August 6th. Alembic Global Advisors set a $90.00 price target on DowDuPont and gave the stock a “buy” rating in a research note on Thursday, November 1st. Finally, Deutsche Bank reissued a “buy” rating and set a $72.00 price target on shares of DowDuPont in a research note on Friday, October 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the company’s stock. DowDuPont has a consensus rating of “Buy” and an average price target of $78.00.
Shares of NYSE:DWDP opened at $58.02 on Monday. The company has a market cap of $134.45 billion, a PE ratio of 17.06, a PEG ratio of 1.39 and a beta of 1.48. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.64. DowDuPont has a 12 month low of $51.32 and a 12 month high of $77.08.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.62%. DowDuPont’s dividend payout ratio is currently 44.71%.
In related news, General Counsel Charles J. Kalil sold 100,645 shares of DowDuPont stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $70.75, for a total transaction of $7,120,633.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.42% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. IFM Investors Pty Ltd raised its holdings in DowDuPont by 45.7% in the 2nd quarter. IFM Investors Pty Ltd now owns 105,629 shares of the company’s stock valued at $6,963,000 after acquiring an additional 33,146 shares during the last quarter. Peachtree Investment Advisors Inc. raised its holdings in DowDuPont by 2.8% in the 2nd quarter. Peachtree Investment Advisors Inc. now owns 30,043 shares of the company’s stock valued at $1,980,000 after acquiring an additional 805 shares during the last quarter. CENTRAL TRUST Co raised its holdings in DowDuPont by 2.3% in the 2nd quarter. CENTRAL TRUST Co now owns 151,759 shares of the company’s stock valued at $10,004,000 after acquiring an additional 3,410 shares during the last quarter. Lynch & Associates IN raised its holdings in DowDuPont by 2.7% in the 2nd quarter. Lynch & Associates IN now owns 124,132 shares of the company’s stock valued at $8,183,000 after acquiring an additional 3,239 shares during the last quarter. Finally, Empirical Finance LLC acquired a new position in DowDuPont in the 2nd quarter valued at $258,000. Hedge funds and other institutional investors own 69.45% of the company’s stock.
DowDuPont Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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