Corteva (CTVA) Scheduled to Post Earnings on Wednesday

Corteva (NYSE:CTVA) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Corteva to post earnings of ($0.29) per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Corteva Stock Performance

Shares of NYSE CTVA opened at $61.21 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.72. The firm has a market cap of $42.37 billion, a price-to-earnings ratio of 47.08, a P/E/G ratio of 1.75 and a beta of 0.77. The business’s 50-day simple moving average is $57.90 and its 200-day simple moving average is $55.45. Corteva has a 52 week low of $43.22 and a 52 week high of $62.38.

Corteva Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 annualized dividend and a yield of 1.11%. Corteva’s payout ratio is 52.31%.

Wall Street Analysts Forecast Growth

CTVA has been the subject of several analyst reports. Argus downgraded Corteva from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. KeyCorp cut their target price on Corteva from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Citigroup initiated coverage on Corteva in a research report on Wednesday, October 23rd. They set a “buy” rating and a $68.00 target price for the company. Wells Fargo & Company cut their target price on Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Morgan Stanley restated an “overweight” rating and set a $65.00 target price on shares of Corteva in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, Corteva currently has an average rating of “Moderate Buy” and a consensus price target of $62.84.

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.