Analysts Expect Dow Chemical Company (The) (NYSE:DOW) Will Announce Earnings of $1.01 Per Share

Equities research analysts expect Dow Chemical Company (The) (NYSE:DOW) to announce earnings per share (EPS) of $1.01 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Dow Chemical Company (The)’s earnings, with the highest EPS estimate coming in at $1.09 and the lowest estimate coming in at $0.95. Dow Chemical Company (The) posted earnings per share of $0.95 during the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that Dow Chemical Company (The) will report full-year earnings of $4.02 per share for the current financial year, with EPS estimates ranging from $3.82 to $4.21. For the next fiscal year, analysts expect that the firm will report earnings of $4.26 per share, with EPS estimates ranging from $3.75 to $4.60. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Dow Chemical Company (The).

Dow Chemical Company (The) (NYSE:DOW) last posted its quarterly earnings data on Thursday, April 27th. The basic materials company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.05. Dow Chemical Company (The) had a return on equity of 16.65% and a net margin of 9.77%. The company had revenue of $13.23 billion during the quarter, compared to analyst estimates of $12.46 billion. During the same period in the previous year, the business earned $0.89 EPS. Dow Chemical Company (The)’s quarterly revenue was up 23.6% on a year-over-year basis.

A number of brokerages have recently weighed in on DOW. Cowen and Company reissued a “hold” rating and set a $60.00 price objective on shares of Dow Chemical Company (The) in a research note on Friday. BidaskClub upgraded shares of Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $76.00 price target on shares of Dow Chemical Company (The) in a report on Thursday, July 6th. Zacks Investment Research lowered shares of Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, UBS AG reiterated a “buy” rating and issued a $72.00 price target on shares of Dow Chemical Company (The) in a report on Monday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.69.

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Dow Chemical Company (NYSE DOW) traded down 0.18% during midday trading on Monday, reaching $66.12. The company’s stock had a trading volume of 2,918,331 shares. Dow Chemical Company has a 52 week low of $51.57 and a 52 week high of $66.48. The company’s 50-day moving average is $62.86 and its 200 day moving average is $61.64. The firm has a market capitalization of $80.78 billion, a P/E ratio of 16.29 and a beta of 1.13.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, July 31st will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s dividend payout ratio (DPR) is 46.82%.

Several large investors have recently added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV increased its stake in Dow Chemical Company (The) by 1.4% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 57,059 shares of the basic materials company’s stock valued at $3,599,000 after buying an additional 795 shares during the last quarter. Capital Management Corp VA increased its stake in Dow Chemical Company (The) by 0.3% in the second quarter. Capital Management Corp VA now owns 4,505 shares of the basic materials company’s stock valued at $284,000 after buying an additional 14 shares during the last quarter. Canal Capital Management LLC increased its stake in Dow Chemical Company (The) by 11.7% in the second quarter. Canal Capital Management LLC now owns 20,334 shares of the basic materials company’s stock valued at $1,282,000 after buying an additional 2,137 shares during the last quarter. TNB Financial increased its stake in Dow Chemical Company (The) by 8.2% in the second quarter. TNB Financial now owns 11,839 shares of the basic materials company’s stock valued at $747,000 after buying an additional 901 shares during the last quarter. Finally, Advisors Capital Management LLC increased its stake in Dow Chemical Company (The) by 4.8% in the second quarter. Advisors Capital Management LLC now owns 388,380 shares of the basic materials company’s stock valued at $24,495,000 after buying an additional 17,926 shares during the last quarter. 69.00% of the stock is owned by institutional investors.

Dow Chemical Company (The) Company Profile

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Earnings History and Estimates for Dow Chemical Company (The) (NYSE:DOW)

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