Olin Co. (OLN) Expected to Announce Earnings of $0.18 Per Share

Equities analysts expect that Olin Co. (NYSE:OLN) will report earnings of $0.18 per share for the current quarter, according to Zacks. Three analysts have made estimates for Olin’s earnings, with the lowest EPS estimate coming in at $0.15 and the highest estimate coming in at $0.22. Olin posted earnings of $0.14 per share during the same quarter last year, which would suggest a positive year over year growth rate of 28.6%. The business is scheduled to report its next earnings results after the market closes on Tuesday, May 1st.

On average, analysts expect that Olin will report full year earnings of $2.02 per share for the current year, with EPS estimates ranging from $1.70 to $2.33. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.45 per share, with EPS estimates ranging from $2.05 to $2.67. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Olin.

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Olin (NYSE:OLN) last posted its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 earnings per share for the quarter, topping the consensus estimate of $0.44 by $2.45. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.53 billion. Olin had a return on equity of 6.02% and a net margin of 8.77%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 EPS.

Several research analysts have recently weighed in on the company. Citigroup cut their price target on Olin from $40.00 to $38.00 and set a “buy” rating for the company in a research note on Tuesday, April 10th. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 price target on shares of Olin in a research note on Tuesday, April 17th. Zacks Investment Research upgraded Olin from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 17th. ValuEngine upgraded Olin from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Nomura downgraded Olin from a “buy” rating to a “neutral” rating and cut their target price for the stock from $40.00 to $35.00 in a research note on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $38.36.

Shares of OLN stock traded down $0.98 on Friday, hitting $29.52. 3,262,641 shares of the stock were exchanged, compared to its average volume of 1,666,348. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.07 and a current ratio of 1.78. The company has a market capitalization of $4,934.74, a price-to-earnings ratio of 36.44, a PEG ratio of 1.01 and a beta of 1.43. Olin has a one year low of $27.79 and a one year high of $38.84.

In related news, Director Randall W. Larrimore bought 800 shares of the business’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $31.28 per share, for a total transaction of $25,024.00. Following the purchase, the director now directly owns 6,500 shares in the company, valued at $203,320. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John L. Mcintosh sold 8,750 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $32.79, for a total value of $286,912.50. Following the completion of the transaction, the executive vice president now owns 63,891 shares of the company’s stock, valued at approximately $2,094,985.89. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Olin by 971.4% during the 4th quarter. Bessemer Group Inc. now owns 4,725 shares of the specialty chemicals company’s stock valued at $168,000 after acquiring an additional 4,284 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Olin in the 4th quarter worth approximately $178,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Olin in the 4th quarter worth approximately $201,000. Naples Global Advisors LLC bought a new stake in shares of Olin in the 4th quarter worth approximately $206,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Olin in the 4th quarter worth approximately $210,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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About Olin

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, and potassium hydroxide.

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