SunTrust Banks Weighs in on Dow Chemical’s Q1 2018 Earnings (DWDP)
Dow Chemical (NYSE:DWDP) – Equities research analysts at SunTrust Banks increased their Q1 2018 earnings per share (EPS) estimates for shares of Dow Chemical in a research report issued on Thursday, April 12th. SunTrust Banks analyst J. Sheehan now forecasts that the company will post earnings of $1.18 per share for the quarter, up from their previous forecast of $1.17. SunTrust Banks also issued estimates for Dow Chemical’s Q2 2018 earnings at $1.27 EPS, Q3 2018 earnings at $0.74 EPS and Q4 2018 earnings at $0.98 EPS.
Dow Chemical (NYSE:DWDP) last posted its earnings results on Thursday, February 1st. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.16. Dow Chemical had a return on equity of 8.21% and a net margin of 2.34%. The company had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.46 billion. The business’s quarterly revenue was up 54.1% on a year-over-year basis.
DWDP stock opened at $67.01 on Monday. Dow Chemical has a fifty-two week low of $59.29 and a fifty-two week high of $77.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.26 and a current ratio of 1.91. The stock has a market capitalization of $154,111.44, a price-to-earnings ratio of 19.71, a PEG ratio of 1.68 and a beta of 1.31.
In related news, General Counsel Charles J. Kalil sold 69,400 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $72.66, for a total transaction of $5,042,604.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ronald C. Edmonds sold 15,000 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $71.83, for a total value of $1,077,450.00. The disclosure for this sale can be found here. 0.42% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in DWDP. Nichols & Pratt Advisers LLP MA purchased a new stake in shares of Dow Chemical during the third quarter worth about $859,000. Cutler Investment Counsel LLC purchased a new stake in shares of Dow Chemical during the third quarter worth about $10,358,000. AE Wealth Management LLC purchased a new stake in shares of Dow Chemical during the third quarter worth about $2,099,000. MRJ Capital Inc. purchased a new stake in shares of Dow Chemical during the third quarter worth about $4,480,000. Finally, Ruggie Capital Group purchased a new position in Dow Chemical during the 3rd quarter valued at approximately $183,000. Hedge funds and other institutional investors own 70.52% of the company’s stock.
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Dow Chemical Company Profile
DowDuPont Inc, through its subsidiaries, engages in agriculture, materials science, and specialty products businesses worldwide. The company's Agriculture segment develops and sells hybrid corn seed and soybean seed varieties; canola, cotton, sunflower, sorghum, wheat, and rice seeds; silage inoculants; and weed control, disease control, and insect control products.
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