What is KeyCorp’s Estimate for Olin FY2027 Earnings?

Olin Corporation (NYSE:OLN) – Stock analysts at KeyCorp issued their FY2027 earnings estimates for Olin in a research report issued on Thursday, September 10th. KeyCorp analyst S. Tiano forecasts that the specialty chemicals company will post earnings of ($0.55) per share for the year. KeyCorp has a “Overweight” rating and a $26.00 price target on the stock. The consensus estimate for Olin’s current full-year earnings is ($0.68) per share.

Other analysts have also recently issued research reports about the company. BMO Capital Markets reduced their price objective on Olin from $30.00 to $25.00 and set a “market perform” rating for the company in a research report on Monday, July 6th. Citigroup lowered Olin from a “neutral” rating to an “underperform” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada cut their price target on Olin from $24.00 to $20.00 and set a “sector perform” rating for the company in a research note on Monday, August 3rd. JPMorgan Chase & Co. reduced their price target on Olin from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, June 18th. Finally, Bank of America cut Olin from a “buy” rating to an “underperform” rating and lowered their price target for the company from $32.00 to $21.00 in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $22.62.

Olin Trading Down 1.8%

Olin stock opened at $16.89 on Monday. Olin has a 12 month low of $16.73 and a 12 month high of $30.46. The company has a quick ratio of 0.87, a current ratio of 1.42 and a debt-to-equity ratio of 1.77. The stock has a market cap of $1.92 billion, a P/E ratio of -13.73 and a beta of 1.20. The company’s fifty day simple moving average is $19.46 and its 200-day simple moving average is $23.46.

Olin (NYSE:OLN) last released its earnings results on Thursday, July 30th. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.25). The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Olin had a negative return on equity of 4.76% and a negative net margin of 2.08%.The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.01) EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in Olin by 22.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,627,997 shares of the specialty chemicals company’s stock worth $167,311,000 after purchasing an additional 1,031,498 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Olin by 17.5% in the fourth quarter. Pzena Investment Management LLC now owns 4,507,913 shares of the specialty chemicals company’s stock worth $93,900,000 after buying an additional 671,250 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of Olin by 1,831.5% during the 2nd quarter. California State Teachers Retirement System now owns 2,599,373 shares of the specialty chemicals company’s stock worth $51,520,000 after buying an additional 2,464,794 shares during the period. Bank of New York Mellon Corp grew its stake in Olin by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 1,232,912 shares of the specialty chemicals company’s stock valued at $36,654,000 after buying an additional 12,290 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Olin by 9.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,489,506 shares of the specialty chemicals company’s stock worth $31,026,000 after acquiring an additional 125,363 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Olin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Thursday, August 27th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.7%. Olin’s payout ratio is currently -65.04%.

Olin Company Profile

Olin Corporation is a global manufacturer of chemicals and ammunition headquartered in Clayton, Missouri. The company operates through two primary businesses: Chlor Alkali Products and Vinyls and Winchester.

Olin’s Chlor Alkali Products and Vinyls business produces essential chemicals including chlorine, caustic soda, hydrogen, hydrochloric acid, bleach products and related chlorinated compounds. These materials are used in water treatment, pulp and paper, construction, plastics, cleaning products and other industrial applications.