Analysts expect that Dow Chemical Company (The) (NYSE:DOW) will report sales of $13.42 billion for the current fiscal quarter, Zacks reports. 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 company is scheduled to report its next quarterly earnings report 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 financial year, with estimates ranging from $53.70 billion to $55.29 billion. For the next year, analysts forecast that the company will post sales of $56.61 billion per share, with estimates ranging from $56.00 billion to $57.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Dow Chemical Company (The).

Dow Chemical Company (The) (NYSE:DOW) last posted its earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.07. Dow Chemical Company (The) had a net margin of 5.83% and a return on equity of 17.08%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. During the same period in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year.

A number of research analysts have recently commented on DOW shares. Credit Suisse Group set a $66.00 target price on Dow Chemical Company (The) and gave the company a “buy” rating in a research report on Sunday, April 30th. BidaskClub upgraded Dow Chemical Company (The) from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. Alembic Global Advisors set a $85.00 price target on Dow Chemical Company (The) and gave the company a “buy” rating in a report on Thursday, July 27th. UBS AG restated a “buy” rating and set a $72.00 price target on shares of Dow Chemical Company (The) in a report on Monday, May 15th. Finally, Royal Bank Of Canada restated a “buy” rating and set a $76.00 price target on shares of Dow Chemical Company (The) in a report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Dow Chemical Company (The) has a consensus rating of “Buy” and a consensus target price of $71.42.

Hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in Dow Chemical Company (The) by 23.1% in the first quarter. Jennison Associates LLC now owns 2,487,443 shares of the basic materials company’s stock worth $158,052,000 after buying an additional 467,320 shares during the last quarter. Boston Advisors LLC raised its stake in Dow Chemical Company (The) by 0.6% in the first quarter. Boston Advisors LLC now owns 137,814 shares of the basic materials company’s stock worth $8,757,000 after buying an additional 804 shares during the last quarter. Bollard Group LLC raised its stake in Dow Chemical Company (The) by 8.8% in the first quarter. Bollard Group LLC now owns 89,528 shares of the basic materials company’s stock worth $5,689,000 after buying an additional 7,213 shares during the last quarter. Sit Investment Associates Inc. raised its stake in Dow Chemical Company (The) by 50.6% in the first quarter. Sit Investment Associates Inc. now owns 664,250 shares of the basic materials company’s stock worth $42,206,000 after buying an additional 223,135 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its stake in Dow Chemical Company (The) by 66.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 196,332 shares of the basic materials company’s stock worth $12,475,000 after buying an additional 78,651 shares during the last quarter. Institutional investors and hedge funds own 68.36% of the company’s stock.

Shares of Dow Chemical Company (NYSE DOW) opened at 64.54 on Friday. The company has a market capitalization of $78.96 billion, a price-to-earnings ratio of 27.64 and a beta of 1.13. Dow Chemical Company has a 12-month low of $51.57 and a 12-month high of $67.50. The firm’s 50-day moving average is $64.75 and its 200-day moving average is $63.33.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, July 31st will be paid a $0.46 dividend. The ex-dividend date is Thursday, July 27th. This represents a $1.84 dividend on an annualized basis and a yield of 2.85%. Dow Chemical Company (The)’s payout ratio is 76.99%.

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