[PR Newswire] – LOS ANGELES, July 21, 2014 /PRNewswire/ — The Dow Chemical Company (NYSE: DOW) is teaming up with financial software company BlackLine Systems and enterprise application software leader SAP (NYSE: SAP) …
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The Dow Chemical Company (DOW), with a current market cap of $61.66B, opened this morning at $51.70.
Looking at today’s trading action, the company’s one day range from $51.60 to $52.05 with a trailing 52-week range being $34.03 to $53.35.
DOW shares are currently priced at 17.51x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.93x earnings multiple.
And for those looking to make a return holding the stock, the company pays shareholders $1.48 per share annually in dividends, yielding 2.80%.
In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $0.72 per share, which would be $0.08 better than the year-ago quarter and a $0.11 sequential decrease. The full-year EPS estimate is $2.95 which would be a $0.47 improvement than last year’s full-year earnings.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.82 Billion. If realized, that would be a 1.65% increase over the year-ago quarter.
More recently, Argus upgraded DOW from Hold to Buy (Aug 5, 2013). Previously, Argus downgraded DOW from Buy to Hold.
The average price target for DOW shares is $54.61, which is 5.63% above where the stock opened this morning.
Summary (NYSE:DOW) : The Dow Chemical Company manufactures and supplies chemical products for use as raw materials in the manufacture of customer products and services worldwide. The Electronic and Functional Materials segment produces materials for chemical mechanical planarization; materials used in the production of electronic displays, including films and filters; metalorganic precursors for light-emitting diodes; organic light-emitting diode materials; materials used in the fabrication of printed circuit boards; integrated metallization processes for metal finishing and decorative applications; semiconductor design products; and materials for industrial applications. The Coatings and Infrastructure Solutions segment provides insulation, air sealing and weatherization products and systems, construction chemical solutions, building-integrated photovoltaics, water resistance and lower systems; purification and separation technologies; and acrylates, methacrylates, and vinyl acetate monomers. The Agricultural Sciences segment offers crop protection and plant biotechnology products, urban pest management solutions, seeds, traits, and oils. The Performance Materials segment produces amines; chlorinated organics; materials for automotive systems, formulated systems, and oil and gas, and mining industrial applications; plastic additives; epoxies; oxygenated solvents; polyglycols, surfactants, and fluids; polyurethanes; and propylene oxide/glycol. The Performance Plastics segment offers elastomers; wire and cable insulation, semiconductive and jacketing compound solutions, and bio-based plasticizers; and acrylics, polyethylene, polyethylene, polyolefin emulsions, and polyolefin plastomers. The Feedstocks and Energy segment provides ethylene, chlorine, caustic soda, and purified ethylene oxide. The Dow Chemical Company was founded in 1897 and is headquartered in Midland, Michigan.
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