Dow Chemical Company (The) (DOW) Expected to Post FY2017 Earnings of $4.01 Per Share

Dow Chemical Company (The) (NYSE:DOW) – Analysts at SunTrust Banks lowered their FY2017 earnings estimates for Dow Chemical Company (The) in a research note issued on Sunday. SunTrust Banks analyst J. Sheehan now forecasts that the firm will post earnings of $4.01 per share for the year, down from their previous forecast of $4.06. SunTrust Banks also issued estimates for Dow Chemical Company (The)’s FY2018 earnings at $4.25 EPS.

Several other research analysts have also weighed in on DOW. RBC Capital Markets set a $65.00 price objective on shares of Dow Chemical Company (The) and gave the stock a “buy” rating in a research note on Tuesday, September 20th. Citigroup Inc. upgraded shares of Dow Chemical Company (The) from a “neutral” rating to a “buy” rating and upped their price target for the company from $55.00 to $59.00 in a research note on Monday, October 3rd. Zacks Investment Research upgraded shares of Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, October 5th. Vetr upgraded shares of Dow Chemical Company (The) from a “sell” rating to a “buy” rating and set a $57.93 price target on the stock in a research note on Monday, October 24th. Finally, Royal Bank Of Canada upped their price target on shares of Dow Chemical Company (The) from $65.00 to $68.00 and gave the company a “top pick” rating in a research note on Friday, October 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $61.91.

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

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Dow Chemical Company (NYSE:DOW) traded up 0.71% on Wednesday, hitting $58.08. 4,234,843 shares of the stock were exchanged. Dow Chemical Company has a 1-year low of $40.26 and a 1-year high of $59.33. The company has a 50-day moving average price of $57.10 and a 200 day moving average price of $53.85. The company has a market capitalization of $65.13 billion, a PE ratio of 9.05 and a beta of 1.19.

Dow Chemical Company (The) (NYSE:DOW) last posted its earnings results on Thursday, October 27th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. Dow Chemical Company (The) had a net margin of 16.91% and a return on equity of 17.81%. The company earned $12.48 billion during the quarter, compared to analysts’ expectations of $12.01 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. Dow Chemical Company (The)’s quarterly revenue was up 3.7% compared to the same quarter last year.

A number of institutional investors have recently modified their holdings of DOW. Trust Co. of Toledo NA OH bought a new position in shares of Dow Chemical Company (The) during the second quarter valued at approximately $209,000. Meeder Asset Management Inc. increased its position in shares of Dow Chemical Company (The) by 3,057.4% in the second quarter. Meeder Asset Management Inc. now owns 5,999 shares of the company’s stock valued at $298,000 after buying an additional 5,809 shares during the last quarter. United Bank Inc. increased its position in shares of Dow Chemical Company (The) by 16.1% in the second quarter. United Bank Inc. now owns 76,283 shares of the company’s stock valued at $3,792,000 after buying an additional 10,597 shares during the last quarter. Gemmer Asset Management LLC increased its position in shares of Dow Chemical Company (The) by 0.3% in the second quarter. Gemmer Asset Management LLC now owns 6,248 shares of the company’s stock valued at $311,000 after buying an additional 19 shares during the last quarter. Finally, New York State Teachers Retirement System increased its position in shares of Dow Chemical Company (The) by 1.5% in the second quarter. New York State Teachers Retirement System now owns 2,146,899 shares of the company’s stock valued at $106,722,000 after buying an additional 32,709 shares during the last quarter. 67.79% of the stock is owned by institutional investors and hedge funds.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Wednesday, December 28th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, December 23rd. Dow Chemical Company (The)’s payout ratio is 29.07%.

Dow Chemical Company (The) Company Profile

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