Oil-Dri Co. of America (NYSE:ODC) released its quarterly earnings results on Friday. The specialty chemicals company reported $0.12 EPS for the quarter, Bloomberg Earnings reports. Oil-Dri Co. of America had a return on equity of 10.35% and a net margin of 3.10%.
Shares of ODC stock opened at $29.43 on Friday. Oil-Dri Co. of America has a 1-year low of $27.81 and a 1-year high of $46.73. The firm has a market cap of $214.08 million, a P/E ratio of 16.07 and a beta of 0.98. The company has a current ratio of 2.68, a quick ratio of 1.96 and a debt-to-equity ratio of 0.05.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Thursday, November 15th.
In other Oil-Dri Co. of America news, Director Allan H. Selig acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 16th. The shares were purchased at an average price of $30.67 per share, with a total value of $30,670.00. Following the completion of the acquisition, the director now directly owns 34,100 shares of the company’s stock, valued at approximately $1,045,847. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Daniel S. Jaffee sold 7,200 shares of the company’s stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $31.95, for a total value of $230,040.00. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 1,860 shares of company stock worth $56,307 and have sold 19,803 shares worth $622,426. Corporate insiders own 9.04% of the company’s stock.
ODC has been the subject of several analyst reports. ValuEngine cut Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. TheStreet cut Oil-Dri Co. of America from a “b-” rating to a “c” rating in a research note on Thursday, October 18th.
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Oil-Dri Co. of America Company Profile
Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.
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