Onex (OTCMKTS:ONEXF) Releases Earnings Results

Onex (OTCMKTS:ONEXF) released its earnings results on Friday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Onex had a return on equity of 7.94% and a net margin of 68.14%.

Onex Price Performance

Shares of OTCMKTS:ONEXF opened at $77.60 on Friday. The stock has a market capitalization of $5.75 billion, a P/E ratio of 8.81 and a beta of 1.55. The stock’s 50-day moving average price is $78.19 and its 200-day moving average price is $74.50. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.01. Onex has a 12-month low of $61.24 and a 12-month high of $85.07.

Onex Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a dividend of $0.0721 per share. The ex-dividend date was Friday, January 10th. This represents a yield of 0.37%. Onex’s payout ratio is 3.18%.

Wall Street Analyst Weigh In

Separately, TD Securities upgraded shares of Onex from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th.

Onex Company Profile

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.