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Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Post-Close Leadership of Dow Corning Corporation

[Business Wire] – The Dow Chemical Company and Dow Corning Corporation today announced that Robert D. Hansen, chairman, chief executive officer and president, has announced his intention to retire from Dow Corning Corporation upon the completion of Dow’s ownership restructure transaction with Corning, Inc., which is expected to close in the second quarter of 2016. Read more on this. The Dow Chemical Company (DOW) , currently valued at $57.48B, opened this morning at $50.63. Looking at the equity, the company’s one day range is $50.60 to $51.27 and has traded between $35.11 and $57.10 over the past 12 months. DOW shares are currently priced at 14.44x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -13.05x earnings multiple. And for passive income investors, the company pays shareholders $1.84 per share annually in dividends, yielding 3.64%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $0.86 per share, which would be $0.05 worse than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $3.50 which would be a $0.03 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.23 Billion. If reported, that would be a 12.81% decrease over the year-ago quarter. Recently, Susquehanna upgraded DOW from Neutral to Positive (Feb 8, 2016). Previously, RBC Capital Mkts upgraded DOW from Outperform to Top Pick. The average price target for DOW shares is $59.00, which is 16.53% above where the stock opened this morning. See more in (NYSE:DOW) Similar Articles: Company Update: Corning Inc (NYSE:GLW) – Dow Announces Post-Close Leadership of Dow Corning Corporation Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Contributions to Flint Water Relief Efforts Company Update: The Dow Chemical Company (NYSE:DOW) – Dow Announces Start-Up of New Texas Propylene Production Facility
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