Olin (OLN) Earns News Sentiment Rating of 0.11

Press coverage about Olin (NYSE:OLN) has trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Olin earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media coverage about the specialty chemicals company an impact score of 46.0442146811272 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

A number of analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $42.00 price target on shares of Olin in a research report on Thursday, December 14th. Zacks Investment Research raised shares of Olin from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Friday, January 12th. Morgan Stanley assumed coverage on shares of Olin in a research report on Tuesday, January 9th. They set an “overweight” rating and a $45.00 price target for the company. SunTrust Banks reaffirmed a “buy” rating and set a $46.00 price target on shares of Olin in a research report on Monday, November 6th. Finally, Vertical Research raised shares of Olin from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $39.80.

Shares of Olin (OLN) traded up $0.45 during trading on Wednesday, reaching $32.72. 1,584,545 shares of the company were exchanged, compared to its average volume of 2,437,005. The company has a current ratio of 1.78, a quick ratio of 1.07 and a debt-to-equity ratio of 1.31. Olin has a 12-month low of $27.79 and a 12-month high of $38.84. The stock has a market cap of $5,233.57, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36.

Olin (NYSE:OLN) last issued its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $2.89 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $2.45. Olin had a net margin of 8.77% and a return on equity of 6.02%. The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the business posted $0.11 EPS. The firm’s revenue was up 16.9% compared to the same quarter last year. analysts predict that Olin will post 2.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 9th will be issued a $0.20 dividend. The ex-dividend date is Thursday, February 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.44%. Olin’s dividend payout ratio is currently 24.69%.

In other news, Director Randall W. Larrimore acquired 800 shares of the business’s stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $31.28 per share, for a total transaction of $25,024.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.90% of the company’s stock.

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About Olin

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.

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

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