Dow Chemical Co. (DOW) Forecasted to Post FY2019 Earnings of $4.30 Per Share
Dow Chemical Co. (NYSE:DOW) – Investment analysts at Jefferies Group issued their FY2019 earnings per share estimates for shares of Dow Chemical in a research report issued on Thursday. Jefferies Group analyst L. Alexander forecasts that the brokerage will post earnings per share of $4.30 for the year.
Several other research firms have also commented on DOW. Vetr raised shares of Dow Chemical from a “hold” rating to a “buy” rating and set a $57.48 price objective for the company in a research note on Monday, September 5th. Nomura lifted their price target on shares of Dow Chemical from $59.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Credit Suisse Group AG reiterated a “buy” rating and issued a $61.00 price target on shares of Dow Chemical in a research note on Friday, July 29th. JPMorgan Chase & Co. upgraded shares of Dow Chemical from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $50.00 to $60.00 in a research note on Friday, July 29th. Finally, Barclays PLC lifted their price target on shares of Dow Chemical from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Dow Chemical has a consensus rating of “Buy” and a consensus price target of $60.10.
Dow Chemical (NYSE:DOW) opened at 51.83 on Monday. Dow Chemical has a 52 week low of $40.26 and a 52 week high of $57.10. The firm has a market cap of $58.40 billion, a price-to-earnings ratio of 7.57 and a beta of 1.40. The firm’s 50-day moving average is $53.06 and its 200-day moving average is $52.20.
Dow Chemical (NYSE:DOW) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.09. Dow Chemical had a net margin of 18.31% and a return on equity of 18.86%. The business had revenue of $12 billion for the quarter, compared to analyst estimates of $11.24 billion. During the same quarter in the prior year, the business posted $0.91 EPS. Dow Chemical’s revenue for the quarter was down 7.4% compared to the same quarter last year.
A number of institutional investors have recently bought and sold shares of the stock. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in Dow Chemical during the second quarter worth $111,000. Americafirst Capital Management LLC purchased a new position in Dow Chemical during the second quarter worth $112,000. Nelson Roberts Investment Advisors LLC raised its position in Dow Chemical by 2.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 2,260 shares of the company’s stock worth $112,000 after buying an additional 50 shares during the period. Pinkerton Retirement Specialists LLC purchased a new position in Dow Chemical during the second quarter worth $115,000. Finally, Smith Asset Management Group LP raised its position in Dow Chemical by 23.7% in the second quarter. Smith Asset Management Group LP now owns 2,350 shares of the company’s stock worth $117,000 after buying an additional 450 shares during the period. Hedge funds and other institutional investors own 67.52% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Investors of record on Friday, September 30th will be given a $0.46 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.84 dividend on an annualized basis and a yield of 3.55%. Dow Chemical’s dividend payout ratio (DPR) is 27.10%.
About Dow Chemical
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