The Dow Chemical Company Stock Rating Reaffirmed by Macquarie (DOW)
The Dow Chemical Company opened at 31.81 on Monday. The Dow Chemical Company has a 1-year low of $27.45 and a 1-year high of $36.08. The stock’s 50-day moving average is currently $32.83. The company has a market cap of $38.311 billion and a price-to-earnings ratio of 45.44.
The Dow Chemical Company last announced its earnings results on Thursday, January 31st. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.34 by $0.01. The company had revenue of $13.92 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter in the previous year, the company posted $0.25 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts expect that The Dow Chemical Company will post $2.36 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of The Dow Chemical Company in a research note to investors on Friday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Dow Chemical Company in a research note to investors on Tuesday, February 5th. They now have a $34.00 price target on the stock.
Six research analysts have rated the stock with a buy rating, twelve have given a hold rating, one has issued an underweight rating, and one has issued a sell rating to the company. The Dow Chemical Company presently has a consensus rating of “hold” and an average target price of $35.43.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, April 30th. Shareholders of record on Thursday, February 28th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.02%. The ex-dividend date is Tuesday, March 26th.
The Dow Chemical Company (Dow) is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services worldwide.
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