On Wednesday, analysts at Jefferies lowered the second quarter earnings estimates on The Dow Chemical Company (DOW), saying the company’s quarter was likely sluggish due to weather issues and macro headwinds in Europe, China and the U.S.
The analysts lowered Dow’s second quarter EPS estimates from 64 cents to 59 cents.
The analysts maintain a “Hold” rating on DOW and see shares reaching $34. This price target suggests a 5% upside to the stock’s Tuesday closing price of $32.50.
Dow Chemical shares are down 4 cents, or 0.12%, during morning trading on Wednesday. The stock is down 0.52% year-to-date.
The Bottom Line
Shares of Dow Chemical (DOW) have a dividend yield of 3.97% based on Wednesday’s intraday trading price of $32.28 and the company’s annualized dividend payout of $1.28 per share.
The Dow Chemical Company (DOW) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.