Corteva (CTVA) Set to Announce Quarterly Earnings on Friday

Corteva (NYSE:CTVA) is scheduled to be posting its quarterly earnings results after the market closes on Friday, April 26th. Analysts expect Corteva to post earnings of $0.95 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Corteva (NYSE:CTVA) last announced its earnings results on Thursday, February 1st. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.09. Corteva had a net margin of 4.27% and a return on equity of 7.43%. The business had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter in the prior year, the firm posted $0.16 earnings per share. On average, analysts expect Corteva to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Corteva Trading Down 0.7 %

Shares of CTVA opened at $54.77 on Thursday. Corteva has a twelve month low of $43.22 and a twelve month high of $61.87. The company has a market cap of $38.28 billion, a P/E ratio of 53.70, a P/E/G ratio of 1.45 and a beta of 0.77. The company has a current ratio of 1.56, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The company’s fifty day simple moving average is $55.28 and its 200-day simple moving average is $50.40.

Corteva Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Thursday, February 29th. Corteva’s dividend payout ratio is currently 62.75%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Corteva in a research note on Friday, March 1st. They issued an “outperform” rating and a $67.00 target price on the stock. Loop Capital upgraded shares of Corteva from a “hold” rating to a “buy” rating and upped their price target for the stock from $57.00 to $65.00 in a report on Monday, February 12th. TheStreet upgraded shares of Corteva from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. UBS Group cut their price target on shares of Corteva from $65.00 to $64.00 and set a “buy” rating on the stock in a report on Thursday, January 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $57.00 price target (down from $58.00) on shares of Corteva in a report on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Corteva has an average rating of “Moderate Buy” and a consensus price target of $63.29.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.