Oil-Dri Co. of America (NYSE:ODC) Issues Quarterly Earnings Results

Oil-Dri Co. of America (NYSE:ODC) announced its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, Zacks reports. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Stock Performance

NYSE:ODC opened at $45.39 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. The firm’s fifty day simple moving average is $43.17 and its 200 day simple moving average is $27.90. The stock has a market cap of $662.50 million, a P/E ratio of 14.67 and a beta of 0.44. Oil-Dri Co. of America has a twelve month low of $29.47 and a twelve month high of $48.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Insiders Place Their Bets

In other Oil-Dri Co. of America news, Director Amy Ryan sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total transaction of $87,738.00. Following the transaction, the director now owns 3,900 shares in the company, valued at approximately $162,942. This represents a 35.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher B. Lamson sold 3,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total value of $134,833.50. Following the completion of the transaction, the vice president now directly owns 70,796 shares of the company’s stock, valued at $3,026,529. This represents a 4.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.66% of the company’s stock.

About Oil-Dri Co. of America

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.