Dow Chemical Co (DOW) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.95 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.86. The company posted revenue of $11952.00 million in the period, compared to analysts expectations of $11226.05 million. The company’s revenue was down -7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.
Many Wall Street Analysts have commented on Dow Chemical Co. Dow Chemical Co was Downgraded by Credit Agricole to ” Underperform” on Jul 6, 2016. Dow Chemical Co was Downgraded by JP Morgan to ” Neutral” on Jun 28, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .
Dow Chemical Co opened for trading at $53.9 and hit $54.11 on the upside on Thursday, eventually ending the session at $53.67, with a gain of 0.07% or 0.04 points. The heightened volatility saw the trading volume jump to 65,45,673 shares. Company has a market cap of $60,262 M.
In a different news, on Nov 5, 2015, Fernando Ruiz (Corporate VP & Treasurer) sold 20,000 shares at $52.35 per share price. According to the SEC, on Feb 13, 2015, Ruth G Shaw (director) purchased 4,154 shares at $48.19 per share price. On Feb 12, 2015, Arnold A Allemang (director) sold 37,800 shares at $48.15 per share price, according to the Form-4 filing with the securities and exchange commission.
The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials & Chemicals and Performance Plastics. The Company serves various industries such as appliance automotive agricultural building and construction chemical processing electronics furniture housewares oil and gas packaging paints coatings and adhesives personal care pharmaceutical processed foods pulp and paper textile and carpet utilities and water treatment.