Olin (NYSE:OLN – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Stock Report on Olin
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.
Featured Articles
- Five stocks we like better than Olin
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- CD Calculator: Certificate of Deposit Calculator
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Receive News & Ratings for Olin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olin and related companies with MarketBeat.com's FREE daily email newsletter.