The Dow Chemical Company (DOW) to Release Quarterly Earnings on Wednesday
The Dow Chemical Company (NYSE:DOW) is set to issue its Q214 quarterly earnings data on Wednesday, July 23rd. Analysts expect the company to announce earnings of $0.72 per share and revenue of $14.82 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
The Dow Chemical Company (NYSE:DOW) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.79 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.71 by $0.08. The company had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.72 billion. During the same quarter last year, the company posted $0.69 earnings per share. The Dow Chemical Company’s revenue was up .5% compared to the same quarter last year. On average, analysts expect The Dow Chemical Company to post $2.95 EPS for the current fiscal year and $3.61 EPS for the next fiscal year.
Shares of The Dow Chemical Company (NYSE:DOW) opened at 51.86 on Tuesday. The Dow Chemical Company has a 52-week low of $34.03 and a 52-week high of $53.35. The stock’s 50-day moving average is $52.07 and its 200-day moving average is $48.77. The company has a market cap of $61.744 billion and a price-to-earnings ratio of 12.98. The Dow Chemical Company also was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 16,382,767 shares, a decrease of 14.6% from the June 13th total of 19,193,522 shares. Based on an average daily trading volume, of 5,705,452 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.4% of the shares of the stock are sold short.
DOW has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note on Tuesday, June 17th. They now have a $48.00 price target on the stock, up previously from $45.00. On the ratings front, analysts at Wells Fargo & Co. upgraded shares of The Dow Chemical Company from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 20th. Finally, analysts at Susquehanna raised their price target on shares of The Dow Chemical Company from $47.00 to $57.00 in a research note on Thursday, May 8th. They now have a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $52.45.
The Dow Chemical Company combines the power of science and technology to passionately innovate what is essential to human progress.
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