Dow Chemical Company (The) Expected to Post Q3 2017 Earnings of $1.03 Per Share (DOW)

Dow Chemical Company (The) (NYSE:DOW) – Research analysts at SunTrust Banks boosted their Q3 2017 EPS estimates for shares of Dow Chemical Company (The) in a research report issued on Thursday. SunTrust Banks analyst J. Sheehan now expects that the basic materials company will earn $1.03 per share for the quarter, up from their previous forecast of $0.99.

Dow Chemical Company (The) (NYSE:DOW) last issued its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS.

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DOW has been the topic of a number of other research reports. BidaskClub raised Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price target on shares of Dow Chemical Company (The) in a research note on Friday, April 28th. Cowen and Company increased their price target on Dow Chemical Company (The) from $47.00 to $60.00 and gave the company a “market perform” rating in a research note on Wednesday, May 31st. Zacks Investment Research downgraded Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Barclays PLC increased their price target on Dow Chemical Company (The) from $65.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, May 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $71.42.

Dow Chemical Company (DOW) opened at 64.24 on Monday. Dow Chemical Company has a one year low of $51.57 and a one year high of $67.50. The firm has a market capitalization of $78.59 billion, a PE ratio of 27.51 and a beta of 1.13. The company has a 50 day moving average price of $64.80 and a 200-day moving average price of $62.77.

The firm also recently disclosed 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 2.86%. The ex-dividend date of this dividend is Thursday, July 27th. Dow Chemical Company (The)’s payout ratio is presently 76.99%.

A number of hedge funds have recently modified their holdings of DOW. First Command Bank increased its stake in shares of Dow Chemical Company (The) by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after buying an additional 436 shares during the last quarter. Pinnacle Bank acquired a new stake in shares of Dow Chemical Company (The) during the first quarter valued at approximately $103,000. West Oak Capital LLC increased its stake in shares of Dow Chemical Company (The) by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock valued at $107,000 after buying an additional 379 shares during the last quarter. First Financial Corp IN increased its stake in shares of Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock valued at $107,000 after buying an additional 750 shares during the last quarter. Finally, Cable Hill Partners LLC increased its stake in shares of Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock valued at $112,000 after buying an additional 124 shares during the last quarter. 68.97% of the stock is currently owned by institutional investors and hedge funds.

Dow Chemical Company (The) Company Profile

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

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