Oil-Dri Co. of America (NYSE:ODC) Releases Quarterly Earnings Results

Oil-Dri Co. of America (NYSE:ODC) posted its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.89 EPS for the quarter, Zacks reports. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Stock Performance

NYSE:ODC traded up $0.01 on Tuesday, reaching $45.39. 55,116 shares of the company’s stock were exchanged, compared to its average volume of 39,553. The firm has a market cap of $662.50 million, a price-to-earnings ratio of 14.67 and a beta of 0.44. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.63 and a quick ratio of 1.61. The stock has a fifty day simple moving average of $43.14 and a 200-day simple moving average of $27.70. Oil-Dri Co. of America has a 52 week low of $29.47 and a 52 week high of $48.00.

Oil-Dri Co. of America Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.37%. The ex-dividend date was Friday, February 21st. Oil-Dri Co. of America’s dividend payout ratio (DPR) is presently 20.00%.

Insider Activity

In other news, VP Christopher B. Lamson sold 3,154 shares of Oil-Dri Co. of America stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total value of $134,833.50. Following the completion of the transaction, the vice president now directly owns 70,796 shares in the company, valued at approximately $3,026,529. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy Ryan sold 2,100 shares of the business’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total value of $87,738.00. Following the sale, the director now owns 3,900 shares in the company, valued at approximately $162,942. The trade was a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

About Oil-Dri Co. of America

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.