ONEX (OTCMKTS:ONEXF) Posts Quarterly Earnings Results

ONEX (OTCMKTS:ONEXF) released its quarterly earnings data on Friday. The company reported $0.57 earnings per share for the quarter, Zacks reports. ONEX had a return on equity of 6.12% and a net margin of 61.92%.

ONEX Trading Down 3.5%

Shares of OTCMKTS ONEXF opened at $82.87 on Friday. The firm’s 50-day moving average price is $86.69 and its 200-day moving average price is $81.37. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 11.32 and a beta of 1.33. ONEX has a 12-month low of $60.72 and a 12-month high of $92.45.

ONEX Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 13th were issued a $0.0727 dividend. This is a boost from ONEX’s previous dividend of $0.07. The ex-dividend date was Friday, October 10th. This represents a dividend yield of 32.0%. ONEX’s payout ratio is presently 3.96%.

Analysts Set New Price Targets

ONEXF has been the topic of a number of research analyst reports. TD Securities reissued a “buy” rating on shares of ONEX in a report on Friday, October 31st. Royal Bank Of Canada began coverage on shares of ONEX in a report on Wednesday, October 1st. They issued a “hold” rating on the stock. Finally, Scotiabank reaffirmed an “outperform” rating on shares of ONEX in a research note on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About ONEX

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.