Olin (OLN) Scheduled to Post Quarterly Earnings on Thursday

Olin (NYSE:OLN) is set to issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect Olin to post earnings of $0.03 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Olin (NYSE:OLN) last announced 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). The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. Olin had a net margin of 4.26% and a return on equity of 11.73%. Olin’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $1.13 earnings per share. 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

Shares of Olin stock opened at $47.14 on Thursday. Olin has a 12 month low of $39.47 and a 12 month high of $60.60. The company has a quick ratio of 0.82, a current ratio of 1.43 and a debt-to-equity ratio of 1.29. The stock has a market cap of $5.63 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.41. The business has a fifty day simple moving average of $44.21 and a 200-day simple moving average of $48.80.

Olin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.80 annualized dividend and a yield of 1.70%. Olin’s dividend payout ratio (DPR) is presently 28.78%.

Analyst Ratings Changes

OLN has been the subject of several research reports. Royal Bank of Canada decreased their price target on shares of Olin from $61.00 to $52.00 and set an “outperform” rating for the company in a report on Monday, July 29th. The Goldman Sachs Group lowered their price target on shares of Olin from $55.00 to $49.00 and set a “neutral” rating on the stock in a report on Monday, July 29th. Bank of America lowered Olin from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $62.00 to $51.00 in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Olin from $57.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. Finally, Wells Fargo & Company dropped their target price on Olin from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Olin has a consensus rating of “Hold” and an average price target of $52.40.

About Olin

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.