Dow Chemical Co. (NYSE:DOW) – Research analysts at Jefferies Group issued their FY2019 EPS estimates for shares of Dow Chemical in a report released on Thursday. Jefferies Group analyst L. Alexander expects that the brokerage will post earnings per share of $4.30 for the year.
DOW has been the subject of several other research reports. Credit Suisse Group AG reaffirmed a “buy” rating and set a $61.00 target price on shares of Dow Chemical in a research note on Friday, July 29th. Vetr cut Dow Chemical from a “sell” rating to a “strong sell” rating and set a $46.12 target price for the company. in a research note on Monday, July 18th. Nomura reaffirmed a “buy” rating on shares of Dow Chemical in a research note on Tuesday, July 12th. RBC Capital Markets set a $65.00 target price on Dow Chemical and gave the stock a “buy” rating in a research note on Tuesday, September 20th. Finally, JPMorgan Chase & Co. raised Dow Chemical from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $50.00 to $60.00 in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. Dow Chemical has a consensus rating of “Buy” and an average target price of $60.10.
Dow Chemical (NYSE:DOW) traded up 1.60% during trading on Monday, hitting $52.69. The stock had a trading volume of 4,889,045 shares. The firm has a market capitalization of $59.37 billion, a P/E ratio of 7.70 and a beta of 1.40. The stock has a 50 day moving average of $53.04 and a 200 day moving average of $52.24. Dow Chemical has a one year low of $40.26 and a one year high of $57.10.
Dow Chemical (NYSE:DOW) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. Dow Chemical had a return on equity of 18.86% and a net margin of 18.31%. The business had revenue of $12 billion for the quarter, compared to analysts’ expectations of $11.24 billion. During the same quarter in the previous year, the business posted $0.91 EPS. Dow Chemical’s revenue for the quarter was down 7.4% on a year-over-year basis.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, September 28th. Dow Chemical’s payout ratio is 27.10%.
Hedge funds have recently modified their holdings of the stock. Washington Trust Bank increased its stake in shares of Dow Chemical by 7.9% in the third quarter. Washington Trust Bank now owns 1,926 shares of the company’s stock worth $100,000 after buying an additional 141 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of Dow Chemical during the second quarter worth approximately $111,000. Americafirst Capital Management LLC acquired a new stake in shares of Dow Chemical during the second quarter worth approximately $112,000. Nelson Roberts Investment Advisors LLC increased its stake in shares of Dow Chemical by 2.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 2,260 shares of the company’s stock worth $112,000 after buying an additional 50 shares during the last quarter. Finally, Pinkerton Retirement Specialists LLC acquired a new stake in shares of Dow Chemical during the second quarter worth approximately $115,000. 67.52% of the stock is owned by institutional investors.
Dow Chemical Company Profile
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