Dow Chemical (DOW) Releases Quarterly Earnings Results
Dow Chemical (NYSE:DOW) released its earnings data on Wednesday. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.22, Analyst Ratings Net reports. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.13 billion.
DOW has been the subject of a number of recent research reports. Analysts at Atlantic Securities initiated coverage on shares of Dow Chemical in a research note to investors on Tuesday. They set an “overweight” rating and a $60.00 price target on the stock. On the ratings front, analysts at Susquehanna raised their price target on shares of Dow Chemical from $42.00 to $47.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, analysts at SunTrust upgraded shares of Dow Chemical from a “reduce” rating to a “neutral” rating in a research note to investors on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $44.27.
Shares of Dow Chemical (NYSE:DOW) opened at 43.06 on Wednesday. Dow Chemical has a 52-week low of $29.81 and a 52-week high of $46.85. The stock has a 50-day moving average of $43.30 and a 200-day moving average of $39.61. The company has a market cap of $52.064 billion and a P/E ratio of 18.60.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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