Wall Street brokerages expect Dow Chemical Company (The) (NYSE:DOW) to post sales of $13.42 billion for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Dow Chemical Company (The)’s earnings. The lowest sales estimate is $13.36 billion and the highest is $13.50 billion. Dow Chemical Company (The) posted sales of $12.48 billion in the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The firm is expected to announce its next quarterly earnings results on Thursday, October 26th.

On average, analysts expect that Dow Chemical Company (The) will report full-year sales of $13.42 billion for the current year, with estimates ranging from $53.70 billion to $55.29 billion. For the next fiscal year, analysts forecast that the firm will report sales of $56.61 billion per share, with estimates ranging from $56.00 billion to $57.88 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Dow Chemical Company (The).

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

A number of research firms have weighed in on DOW. Alembic Global Advisors set a $85.00 target price on Dow Chemical Company (The) and gave the stock a “buy” rating in a research report on Thursday, July 27th. BidaskClub upgraded Dow Chemical Company (The) from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Cowen and Company restated a “hold” rating and issued a $60.00 target price on shares of Dow Chemical Company (The) in a research report on Friday, July 14th. Zacks Investment Research downgraded Dow Chemical Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, 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 report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Dow Chemical Company (The) has an average rating of “Buy” and an average price target of $71.42.

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Shares of Dow Chemical Company (NYSE:DOW) opened at 63.88 on Tuesday. Dow Chemical Company has a one year low of $51.57 and a one year high of $67.50. The firm has a market cap of $78.15 billion, a P/E ratio of 27.36 and a beta of 1.13. The firm has a 50-day moving average price of $64.82 and a 200 day moving average price of $62.82.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be issued a $0.46 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $1.84 annualized dividend and a dividend yield of 2.88%. Dow Chemical Company (The)’s dividend payout ratio is currently 76.99%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Command Bank boosted its position in Dow Chemical Company (The) by 36.9% in the second quarter. First Command Bank now owns 1,617 shares of the basic materials company’s stock valued at $102,000 after buying an additional 436 shares in the last quarter. Pinnacle Bank bought a new position in Dow Chemical Company (The) during the first quarter valued at about $103,000. First Financial Corp IN boosted its position in Dow Chemical Company (The) by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock valued at $107,000 after buying an additional 750 shares in the last quarter. Cable Hill Partners LLC boosted its position in Dow Chemical Company (The) by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock valued at $112,000 after buying an additional 124 shares in the last quarter. Finally, Perkins Coie Trust Co boosted its position in Dow Chemical Company (The) by 33.7% in the second quarter. Perkins Coie Trust Co now owns 1,906 shares of the basic materials company’s stock valued at $120,000 after buying an additional 480 shares in the last quarter. 68.79% of the stock is currently owned by institutional investors.

Dow Chemical Company (The) Company Profile

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

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