Equities analysts forecast that Dow Chemical Company (The) (NYSE:DOW) will post $0.92 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Dow Chemical Company (The)’s earnings. The lowest EPS estimate is $0.84 and the highest is $1.03. Dow Chemical Company (The) reported earnings of $0.91 per share in the same quarter last year, which suggests a positive year over year growth rate of 1.1%. The company is expected to issue its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Dow Chemical Company (The) will report full-year earnings of $4.05 per share for the current year, with EPS estimates ranging from $3.90 to $4.21. For the next fiscal year, analysts expect that the business will report earnings of $4.40 per share, with EPS estimates ranging from $4.00 to $4.60. Zacks’ EPS calculations are a mean average based on a survey of research firms that follow Dow Chemical Company (The).

Dow Chemical Company (The) (NYSE:DOW) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.07. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical Company (The) had a return on equity of 17.08% and a net margin of 5.83%. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share.

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada restated a “buy” rating and issued a $76.00 target price on shares of Dow Chemical Company (The) in a research note on Thursday, July 6th. Zacks Investment Research upgraded Dow Chemical Company (The) from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, April 18th. UBS AG restated a “buy” rating and issued a $72.00 target price on shares of Dow Chemical Company (The) in a research note on Monday, May 15th. Credit Suisse Group set a $66.00 target price on Dow Chemical Company (The) and gave the stock a “buy” rating in a research note on Sunday, April 30th. Finally, Citigroup Inc. boosted their target price on Dow Chemical Company (The) from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, May 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.42.

Dow Chemical Company (NYSE:DOW) traded up 1.07% during mid-day trading on Friday, reaching $64.11. The company’s stock had a trading volume of 4,015,865 shares. The firm has a 50 day moving average price of $64.82 and a 200 day moving average price of $62.82. Dow Chemical Company has a 52-week low of $51.57 and a 52-week high of $67.50. The company has a market cap of $78.43 billion, a price-to-earnings ratio of 27.46 and a beta of 1.13.

The company 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 $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 annualized dividend and a yield of 2.87%. Dow Chemical Company (The)’s payout ratio is 76.99%.

A number of institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. increased its position in Dow Chemical Company (The) by 112.4% in the fourth quarter. Macquarie Group Ltd. now owns 341,482 shares of the basic materials company’s stock valued at $19,540,000 after buying an additional 180,697 shares during the last quarter. Fulton Bank N.A. increased its position in Dow Chemical Company (The) by 12.4% in the first quarter. Fulton Bank N.A. now owns 9,374 shares of the basic materials company’s stock valued at $596,000 after buying an additional 1,036 shares during the last quarter. Confluence Investment Management LLC increased its position in Dow Chemical Company (The) by 56.2% in the first quarter. Confluence Investment Management LLC now owns 12,193 shares of the basic materials company’s stock valued at $775,000 after buying an additional 4,387 shares during the last quarter. West Oak Capital LLC increased its position in 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. Finally, Osborn Williams & Donohoe LLC increased its position in Dow Chemical Company (The) by 7.3% in the first quarter. Osborn Williams & Donohoe LLC now owns 10,664 shares of the basic materials company’s stock valued at $678,000 after buying an additional 730 shares during the last quarter. Institutional investors and hedge funds own 68.97% of the company’s stock.

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