Olin (NYSE:OLN) will post its quarterly earnings results after the market closes on Thursday, October 31st. Analysts expect Olin to post earnings of $0.40 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Olin (NYSE:OLN) last released its earnings results on Wednesday, July 31st. The specialty chemicals company reported ($0.01) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.01). Olin had a return on equity of 7.82% and a net margin of 4.06%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $0.35 EPS. The firm’s quarterly revenue was down 7.8% on a year-over-year basis. On average, analysts expect Olin to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE OLN opened at $19.42 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 1.17. The business’s 50 day moving average is $18.48 and its two-hundred day moving average is $20.08. Olin has a 12-month low of $15.38 and a 12-month high of $27.32. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 11.10, a PEG ratio of 1.77 and a beta of 1.58.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Friday, November 8th. Olin’s payout ratio is 45.71%.
Several equities analysts have issued reports on the company. Royal Bank of Canada dropped their target price on Olin to $19.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 10th. JPMorgan Chase & Co. cut Olin from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $19.00 to $18.00 in a research report on Thursday, October 17th. Citigroup cut Olin from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $24.00 to $19.00 in a research report on Wednesday, October 9th. ValuEngine upgraded Olin from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley cut Olin from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $33.00 to $23.00 in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Olin currently has an average rating of “Hold” and a consensus price target of $25.00.
In other news, Director Vince J. Smith purchased 5,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were acquired at an average price of $17.00 per share, with a total value of $85,000.00. Following the purchase, the director now directly owns 37,304 shares of the company’s stock, valued at $634,168. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Heidi S. Alderman purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $16.69 per share, for a total transaction of $33,380.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $33,380. The disclosure for this purchase can be found here. Insiders have bought a total of 23,080 shares of company stock worth $372,710 in the last three months. Corporate insiders own 1.90% of the company’s stock.
Olin Company Profile
Olin Corporation manufactures and distributes chemical products in the United States and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.The Epoxy segment provides allyl chloride and epichlorohydrin, as well as acetone, bisphenol, cumene, and phenol for use in resins and other plastic materials, water purification, and pesticides, as well as for the manufacturers of polymers; liquid and solid epoxy resins that are used in adhesives, paints and coatings, composites, and flooring; and differentiated epoxy resins for use in electrical laminates, paints and coatings, wind blades, electronics, and construction, as well as offers additives.
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