Olin (OLN) Set to Announce Quarterly Earnings on Thursday

Olin (NYSE:OLN) is scheduled to announce its earnings results after the market closes on Thursday, July 25th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Olin (NYSE:OLN) last issued its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.65 billion. Olin had a return on equity of 14.47% and a net margin of 5.32%. The firm’s revenue was down 11.3% compared to the same quarter last year. During the same period last year, the business earned $1.16 EPS. On average, analysts expect Olin to post $3 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Olin Stock Down 0.4 %

Shares of Olin stock opened at $48.05 on Wednesday. Olin has a 12-month low of $41.71 and a 12-month high of $60.60. The stock has a market capitalization of $5.74 billion, a P/E ratio of 17.28, a PEG ratio of 0.32 and a beta of 1.44. The company has a quick ratio of 0.80, a current ratio of 1.38 and a debt-to-equity ratio of 1.22. The stock has a 50 day moving average price of $50.26 and a two-hundred day moving average price of $52.85.

Olin Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 9th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.66%. Olin’s payout ratio is presently 28.78%.

Analyst Ratings Changes

OLN has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Olin from $56.00 to $60.00 and gave the company an “equal weight” rating in a report on Wednesday, April 3rd. Piper Sandler boosted their target price on shares of Olin from $72.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, April 29th. Stifel Nicolaus increased their price target on shares of Olin from $68.00 to $69.00 and gave the company a “buy” rating in a report on Monday, April 29th. Royal Bank of Canada dropped their price objective on shares of Olin from $69.00 to $63.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Finally, Citigroup lifted their target price on Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $59.27.

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.