Orion S.A. (OEC) To Go Ex-Dividend on June 11th

Orion S.A. (NYSE:OEC) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Shareholders of record on Tuesday, June 11th will be given a dividend of 0.021 per share by the specialty chemicals company on Tuesday, July 2nd. This represents a $0.08 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Tuesday, June 11th.

Orion has decreased its dividend by an average of 22.3% annually over the last three years. Orion has a payout ratio of 3.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Orion to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.3%.

Orion Stock Performance

OEC stock traded up $0.09 during midday trading on Friday, reaching $23.72. 167,607 shares of the company were exchanged, compared to its average volume of 376,505. The business has a 50-day moving average price of $23.35 and a two-hundred day moving average price of $23.37. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.72 and a beta of 1.64. Orion has a one year low of $19.32 and a one year high of $28.48. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.47 and a quick ratio of 0.82.

Orion (NYSE:OEC) last announced its earnings results on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). The business had revenue of $468.20 million during the quarter, compared to the consensus estimate of $421.62 million. Orion had a net margin of 5.46% and a return on equity of 24.45%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. Equities research analysts forecast that Orion will post 2.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OEC shares. Mizuho started coverage on shares of Orion in a research report on Wednesday, March 27th. They issued a “neutral” rating and a $25.00 target price for the company. UBS Group dropped their price target on Orion from $33.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, January 11th. Finally, StockNews.com raised Orion from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Orion currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.80.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.