Dow Chemical Co (DOW) Expected to Post Earnings of $1.03 Per Share

Equities analysts expect Dow Chemical Co (NYSE:DOW) to report earnings per share of $1.03 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Dow Chemical’s earnings, with the lowest EPS estimate coming in at $0.97 and the highest estimate coming in at $1.09. Dow Chemical posted earnings per share of $0.95 during the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Thursday, July 27th.

According to Zacks, analysts expect that Dow Chemical will report full-year earnings of $4.05 per share for the current year, with EPS estimates ranging from $3.82 to $4.26. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.25 per share, with EPS estimates ranging from $3.75 to $4.60. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Dow Chemical.

Dow Chemical (NYSE:DOW) last released its earnings results on Thursday, April 27th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.05. Dow Chemical had a return on equity of 16.85% and a net margin of 8.97%. The business had revenue of $13.23 billion for the quarter, compared to analyst estimates of $12.46 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. Dow Chemical’s revenue was up 23.6% on a year-over-year basis.

A number of brokerages have recently commented on DOW. Royal Bank of Canada reaffirmed a “buy” rating and issued a $74.00 target price on shares of Dow Chemical in a report on Tuesday, March 28th. Vetr cut shares of Dow Chemical from a “strong-buy” rating to a “buy” rating and set a $71.22 price target on the stock. in a report on Monday, March 27th. Credit Suisse Group AG set a $66.00 price target on shares of Dow Chemical and gave the stock a “buy” rating in a research report on Friday, January 27th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the stock a “buy” rating in a research note on Monday, March 20th. Finally, Jefferies Group LLC upgraded shares of Dow Chemical from a “hold” rating to a “buy” rating and boosted their price target for the company from $65.00 to $75.00 in a report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $70.42.

Dow Chemical (NYSE:DOW) traded up 0.651% during midday trading on Friday, hitting $61.045. 1,403,674 shares of the stock were exchanged. The company has a market cap of $74.58 billion, a PE ratio of 15.039 and a beta of 1.12. Dow Chemical has a 12 month low of $47.51 and a 12 month high of $65.42. The firm’s 50 day moving average price is $62.12 and its 200 day moving average price is $60.09.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Investors of record on Friday, June 30th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, June 28th. This represents a $1.84 annualized dividend and a yield of 3.03%. Dow Chemical’s dividend payout ratio is currently 54.76%.

Several institutional investors have recently added to or reduced their stakes in DOW. Pinnacle Bank bought a new position in Dow Chemical during the first quarter worth $103,000. West Oak Capital LLC increased its stake in Dow Chemical by 29.2% in the first quarter. West Oak Capital LLC now owns 1,679 shares of the basic materials company’s stock worth $107,000 after buying an additional 379 shares during the period. First Financial Corp IN increased its stake in Dow Chemical by 79.8% in the first quarter. First Financial Corp IN now owns 1,690 shares of the basic materials company’s stock worth $107,000 after buying an additional 750 shares during the period. Cable Hill Partners LLC increased its stake in Dow Chemical by 7.6% in the first quarter. Cable Hill Partners LLC now owns 1,764 shares of the basic materials company’s stock worth $112,000 after buying an additional 124 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC increased its stake in Dow Chemical by 5.2% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 2,184 shares of the basic materials company’s stock worth $113,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 69.38% of the company’s stock.

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