Corteva (NYSE:CTVA) Updates FY 2025 Earnings Guidance

Corteva (NYSE:CTVA) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 3.250-3.350 for the period, compared to the consensus EPS estimate of 3.160. The company issued revenue guidance of $17.7 billion-$17.9 billion, compared to the consensus revenue estimate of $17.6 billion.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CTVA. UBS Group decreased their target price on Corteva from $85.00 to $81.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Zacks Research cut Corteva from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 30th. Barclays upgraded Corteva from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $84.00 in a research note on Wednesday, August 13th. BMO Capital Markets set a $86.00 target price on shares of Corteva in a research note on Monday, September 15th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Corteva from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Fifteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $78.05.

Corteva Trading Up 0.2%

Shares of CTVA opened at $64.63 on Thursday. The firm has a market cap of $43.67 billion, a P/E ratio of 27.62, a price-to-earnings-growth ratio of 1.46 and a beta of 0.81. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.58 and a quick ratio of 1.07. Corteva has a 1 year low of $53.40 and a 1 year high of $77.41. The company has a 50 day simple moving average of $65.22 and a two-hundred day simple moving average of $69.64.

Corteva (NYSE:CTVA) last posted its earnings results on Tuesday, November 4th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.49) by $0.26. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Corteva had a net margin of 9.19% and a return on equity of 9.37%. Corteva’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted ($0.49) earnings per share. On average, equities analysts expect that Corteva will post 2.96 earnings per share for the current fiscal year.

Corteva Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.1%. Corteva’s dividend payout ratio is presently 30.77%.

Insider Transactions at Corteva

In other Corteva news, EVP Robert D. King sold 37,280 shares of Corteva stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $74.20, for a total value of $2,766,176.00. Following the sale, the executive vice president owned 49,262 shares of the company’s stock, valued at $3,655,240.40. The trade was a 43.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Corteva

Several large investors have recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Corteva by 307.2% during the fourth quarter. Brighton Jones LLC now owns 15,588 shares of the company’s stock valued at $888,000 after purchasing an additional 11,760 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in Corteva by 38.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 34,605 shares of the company’s stock valued at $2,579,000 after buying an additional 9,543 shares in the last quarter. Man Group plc purchased a new position in shares of Corteva during the second quarter worth approximately $582,000. ICONIQ Capital LLC raised its stake in shares of Corteva by 82.1% during the second quarter. ICONIQ Capital LLC now owns 6,744 shares of the company’s stock valued at $503,000 after acquiring an additional 3,040 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Corteva in the second quarter valued at approximately $11,519,000. Institutional investors own 81.54% of the company’s stock.

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.