Corteva (CTVA) Scheduled to Post Earnings on Wednesday

Corteva (NYSE:CTVA) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect Corteva to post earnings of $0.95 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Corteva (NYSE:CTVA) last posted its earnings results on Thursday, February 1st. The company reported $0.15 EPS for the quarter, topping 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 company had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period in the previous 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 Price Performance

Shares of Corteva stock opened at $55.19 on Wednesday. The firm has a fifty day simple moving average of $55.26 and a 200-day simple moving average of $50.37. The company has a current ratio of 1.56, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Corteva has a 1-year low of $43.22 and a 1-year high of $61.87. The stock has a market capitalization of $38.57 billion, a price-to-earnings ratio of 54.11, a PEG ratio of 1.44 and a beta of 0.77.

Corteva Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.16%. The ex-dividend date was Thursday, February 29th. Corteva’s payout ratio is currently 62.75%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CTVA shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $57.00 target price (down previously from $58.00) on shares of Corteva in a report on Friday, April 12th. Royal Bank of Canada increased their price objective on shares of Corteva from $56.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Loop Capital raised shares of Corteva from a “hold” rating to a “buy” rating and increased their price objective for the stock from $57.00 to $65.00 in a report on Monday, February 12th. TheStreet raised shares of Corteva from a “c+” rating to a “b-” rating in a report on Tuesday, February 27th. Finally, UBS Group decreased their price objective 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. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.29.

About Corteva

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.