Olin Corporation (OLN) Earning Somewhat Negative Press Coverage, Study Finds

News stories about Olin Corporation (NYSE:OLN) have been trending somewhat negative recently, according to AlphaOne Sentiment Analysis. The research group, a service of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Olin Corporation earned a coverage optimism score of -0.08 on AlphaOne’s scale. AlphaOne also assigned news coverage about the specialty chemicals company an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media stories that may have impacted AlphaOne Sentiment’s analysis:

Insider Buying and Selling by Quarter for Olin Corporation (NYSE:OLN)

Shares of Olin Corporation (NYSE:OLN) traded up 1.17% during trading on Friday, hitting $29.48. 2,131,464 shares of the stock traded hands. The stock has a 50 day moving average of $30.36 and a 200 day moving average of $29.64. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 102.72 and a beta of 1.47. Olin Corporation has a 52-week low of $18.24 and a 52-week high of $33.88.

Olin Corporation (NYSE:OLN) last issued its earnings results on Tuesday, May 2nd. The specialty chemicals company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.10. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Olin Corporation had a net margin of 0.82% and a return on equity of 7.40%. Analysts expect that Olin Corporation will post $1.32 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Wednesday, May 10th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.71%. Olin Corporation’s dividend payout ratio is currently 285.71%.

Several equities analysts have issued reports on OLN shares. BidaskClub upgraded shares of Olin Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Olin Corporation from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Thursday, March 9th. Tudor Pickering started coverage on shares of Olin Corporation in a research note on Friday, May 12th. They set a “buy” rating and a $37.00 target price on the stock. Royal Bank Of Canada restated a “buy” rating and set a $35.00 target price on shares of Olin Corporation in a research note on Tuesday, May 16th. Finally, Bank of America Corporation started coverage on shares of Olin Corporation in a research note on Monday, May 8th. They set a “buy” rating and a $40.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $32.86.

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Olin Corporation Company Profile

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

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