DuPont (DD) Stock Gaining Ahead of Q2 Earnings Report
NEW YORK (TheStreet) -- Shares of DuPont (DD) - Get Report are rising 1.02% to $68.52 this afternoon ahead of the company's 2016 second quarter earnings report, due out Tuesday, July 26 before the market open.
Analysts surveyed by Thomson Reuters are looking for the Wilmington, DE-based science and technology company to report earnings of $1.10 per share and revenue of $7.01 billion.
For the 2015 second quarter, DuPont reported adjusted earnings of $1.18 per share and revenue of $8.6 billion.
The company is currently moving ahead with a merger with Dow Chemical (DOW) after a shareholder vote earlier this week approved the deal, the Wall Street Journal reports.
The merger, which should close in the second half of the year pending regulatory approval, would join the two companies before they split into three separate entities.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated DuPont as a "buy" with a ratings score of B.
The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and growth in earnings per share. TheStreet Ratings feels its strengths outweigh the fact that the company has had somewhat disappointing return on equity.
You can view the full analysis from the report here: DD