Olin Corporation (NYSE:OLN) will be posting its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Olin Corporation to post earnings of $0.52 per share for the quarter.
Olin Corporation (NYSE:OLN) last issued its earnings results on Monday, July 31st. The specialty chemicals company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.15). The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Olin Corporation had a return on equity of 5.80% and a net margin of 0.72%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS. On average, analysts expect Olin Corporation to post $1.04 EPS for the current fiscal year and $2.21 EPS for the next fiscal year.
Olin Corporation (NYSE OLN) opened at 35.40 on Friday. The company has a 50-day moving average of $34.18 and a 200 day moving average of $31.47. Olin Corporation has a one year low of $20.43 and a one year high of $36.84. The company has a market cap of $5.89 billion, a P/E ratio of 137.74 and a beta of 1.42.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 10th will be issued a $0.20 dividend. The ex-dividend date is Thursday, November 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.26%. Olin Corporation’s payout ratio is 320.00%.
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In other news, VP Stephen C. Curley sold 5,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $30.34, for a total transaction of $151,700.00. Following the completion of the sale, the vice president now owns 23,837 shares of the company’s stock, valued at $723,214.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John L. Mcintosh sold 24,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $31.54, for a total transaction of $756,960.00. Following the sale, the executive vice president now directly owns 84,391 shares of the company’s stock, valued at approximately $2,661,692.14. The disclosure for this sale can be found here. Insiders have sold 45,070 shares of company stock valued at $1,407,151 in the last three months. Corporate insiders own 2.90% of the company’s stock.
OLN has been the subject of a number of recent analyst reports. BidaskClub raised shares of Olin Corporation from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Cowen and Company set a $39.00 price objective on shares of Olin Corporation and gave the company a “buy” rating in a report on Friday, July 28th. Citigroup Inc. initiated coverage on shares of Olin Corporation in a report on Wednesday, September 27th. They issued a “buy” rating and a $39.00 price objective for the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $44.00 price objective (up previously from $36.00) on shares of Olin Corporation in a report on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Olin Corporation from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 4th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Olin Corporation has a consensus rating of “Buy” and an average price target of $36.88.
About Olin Corporation
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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