Dow Chemical Co (DOW) Set to Announce Earnings on Wednesday
Dow Chemical Co (NYSE:DOW) will be posting its quarterly earnings results before the market opens on Wednesday, October 25th. Analysts expect Dow Chemical to post earnings of $0.93 per share for the quarter.
Dow Chemical (NYSE:DOW) last posted its quarterly earnings results on Thursday, July 27th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.07. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $13.60 billion. Dow Chemical had a net margin of 9.82% and a return on equity of 19.01%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. On average, analysts expect Dow Chemical to post $4.11 EPS for the current fiscal year and $4.45 EPS for the next fiscal year.
Shares of Dow Chemical Co (NYSE:DOW) opened at 66.65 on Tuesday. The firm has a 50-day moving average of $64.79 and a 200 day moving average of $63.46. Dow Chemical Co has a 52-week low of $51.57 and a 52-week high of $67.50. The firm has a market capitalization of $81.54 billion, a price-to-earnings ratio of 28.54 and a beta of 1.13.
DOW has been the topic of several research analyst reports. Cowen and Company reissued a “hold” rating and issued a $60.00 price objective on shares of Dow Chemical in a research report on Monday, August 28th. Alembic Global Advisors set a $85.00 price objective on shares of Dow Chemical and gave the company a “buy” rating in a research report on Thursday, July 27th. BidaskClub raised shares of Dow Chemical from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price objective on shares of Dow Chemical in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Dow Chemical in a research report on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $72.02.
About Dow Chemical
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