Olin (NYSE:OLN – Get Free Report) posted its earnings results on Thursday. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.08), Briefing.com reports. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.71 billion. Olin had a net margin of 4.26% and a return on equity of 11.58%. Olin’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.13 earnings per share.
Olin Stock Performance
Olin stock traded down $3.45 during mid-day trading on Friday, reaching $44.59. 4,566,635 shares of the company’s stock were exchanged, compared to its average volume of 1,183,720. The business’s fifty day simple moving average is $49.67 and its 200 day simple moving average is $52.72. The firm has a market capitalization of $5.32 billion, a PE ratio of 16.05, a P/E/G ratio of 0.35 and a beta of 1.44. Olin has a one year low of $41.71 and a one year high of $60.60. The company has a quick ratio of 0.80, a current ratio of 1.38 and a debt-to-equity ratio of 1.22.
Olin Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 8th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 1.79%. Olin’s dividend payout ratio (DPR) is currently 28.78%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis 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.
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