Orion (OEC) Set to Announce Earnings on Thursday

Orion (NYSE:OEC) is set to announce its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Orion (NYSE:OEC) last released its earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.11). Orion had a return on equity of 21.07% and a net margin of 4.64%. The company had revenue of $502.90 million for the quarter, compared to analyst estimates of $506.38 million. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts expect Orion to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Orion Trading Up 1.0 %

OEC opened at $24.15 on Wednesday. Orion has a 12 month low of $19.32 and a 12 month high of $28.48. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 16.32 and a beta of 1.53. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.45 and a quick ratio of 0.85. The business has a fifty day moving average price of $23.16 and a 200 day moving average price of $23.38.

Orion Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, July 1st will be paid a dividend of $0.0207 per share. The ex-dividend date is Monday, July 1st. This represents a $0.08 annualized dividend and a yield of 0.34%. Orion’s payout ratio is 5.41%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on OEC shares. Mizuho boosted their target price on Orion from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. StockNews.com raised Orion from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.25.

Insider Transactions at Orion

In other news, VP Sandra Niewiem sold 8,305 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $24.21, for a total transaction of $201,064.05. Following the completion of the transaction, the vice president now directly owns 14,099 shares of the company’s stock, valued at approximately $341,336.79. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, VP Sandra Niewiem sold 8,305 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $24.21, for a total value of $201,064.05. Following the completion of the sale, the vice president now directly owns 14,099 shares of the company’s stock, valued at approximately $341,336.79. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Carlos Quinones bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $23.51 per share, with a total value of $94,040.00. Following the completion of the transaction, the vice president now owns 69,702 shares in the company, valued at $1,638,694.02. The disclosure for this purchase can be found here. Insiders own 6.30% of the company’s stock.

About Orion

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.