Olin (OLN) to Release Quarterly Earnings on Thursday

Olin (NYSE:OLN) will be announcing its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Olin (NYSE:OLN) last released its earnings results on Thursday, July 25th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.08). Olin had a net margin of 4.26% and a return on equity of 11.73%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm earned $1.13 EPS. Olin’s quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts expect Olin to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Olin Stock Performance

OLN stock opened at $45.73 on Tuesday. The firm has a market cap of $5.46 billion, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.03 and a beta of 1.41. The company has a current ratio of 1.43, a quick ratio of 0.82 and a debt-to-equity ratio of 1.29. The stock has a 50-day moving average price of $44.57 and a 200-day moving average price of $48.46. Olin has a 1-year low of $39.47 and a 1-year high of $60.60.

Olin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 8th were issued a $0.20 dividend. The ex-dividend date was Thursday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.75%. Olin’s payout ratio is currently 28.78%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Olin from a “neutral” rating to an “overweight” rating and set a $55.00 price objective for the company in a research note on Monday, July 29th. Barclays dropped their price objective on shares of Olin from $59.00 to $49.00 and set an “equal weight” rating on the stock in a report on Monday, July 29th. Mizuho started coverage on Olin in a research note on Thursday, August 8th. They issued a “neutral” rating and a $45.00 target price for the company. The Goldman Sachs Group dropped their price target on Olin from $55.00 to $49.00 and set a “neutral” rating on the stock in a research note on Monday, July 29th. Finally, BMO Capital Markets assumed coverage on Olin in a research note on Tuesday, September 3rd. They issued a “market perform” rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, Olin presently has a consensus rating of “Hold” and an average price target of $52.40.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. 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, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.