Dow Inc. (NYSE:DOW) is reporting third quarter financial results on Thursday 22nd October 2020, before market open.
According to analysts surveyed by Thomson Reuters, DOW is expected to report 3Q20 income of $ 0.33 per share from revenue of $ 9517.30 million.
For the full year, analysts anticipate top line of $ 37467.00 million, while looking forward to income of $ 1.13 per share bottom line.
Previous Quarter Performance
Dow Inc. posted loss for the second quarter of $ 0.26 per share, from the revenue of $ 8,354.00 million. The quarterly revenues declined 24.15 percent compared with the same quarter last year. Wall street analysts are predicting, DOW to report 2Q20 loss of $ 0.30 per share from revenue of $ 8046.07 million. The bottom line results beat street analysts by $ 0.04 or 13.33 percent, at the same time, top line results outshined analysts by $ 307.93 million or 3.83 percent.
Stock Performance
Shares of Dow Inc. traded low $ -0.18 or -0.36 percent on Wednesday, reaching $ 49.16 with volume of 2.31 million shares. The stock opened positive for the day at $ 49.38, after closing the previous day trading at $ 49.34.
According to the previous trading day, closing price of $ 49.34, representing a 124.78 % increase from the 52 week low of $ 21.95 and a 12.28 % decrease over the 52 week high of $ 56.25.
The company has a market capital of $ 36.43 billion and is part of the Basic Materials sector and Chemicals industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 54.00 target price.
- On 6th October 2020, maintained by UBS Group at Neutral rating, with $ 46.00 target price.
- On 30th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 52.00 target price.
- On 22nd September 2020, initiated by Evercore ISI at In-Line rating, with $ 58.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.70 per share on August 13, 2020. The dividend were payable on September 11, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Dow Inc. provides various materials science solutions for consumer care, infrastructure, and packaging markets worldwide. Its Performance Materials and Coatings segment offers architectural paints and coatings, and industrial coatings that are used in maintenance and protective industries, wood, metal packaging, traffic markings, thermal paper, and leather; performance monomers and silicones; standalone silicones; and home and personal care solutions.
