ONEX (OTCMKTS:ONEXF) Posts Earnings Results

ONEX (OTCMKTS:ONEXF) announced its quarterly earnings results on Friday. The company reported $2.64 EPS for the quarter, Zacks reports. ONEX had a net margin of 56.15% and a return on equity of 5.09%.

ONEX Price Performance

ONEXF opened at $76.75 on Friday. The company has a 50 day simple moving average of $81.80 and a two-hundred day simple moving average of $83.11. The firm has a market cap of $5.27 billion, a P/E ratio of 12.36 and a beta of 1.22. ONEX has a 1-year low of $60.72 and a 1-year high of $92.45.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ONEXF shares. Scotiabank restated an “outperform” rating on shares of ONEX in a research note on Friday, October 31st. TD Securities reissued a “buy” rating on shares of ONEX in a research report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

ONEX Company Profile

Onex Corporation is a Toronto‐based investment firm specializing in private equity and credit strategies across a range of industries. The company raises capital through independently managed funds and deploys it in buyouts, recapitalizations and growth investments targeting companies with strong management teams and potential for operational improvement. Onex also manages a public markets platform that invests in publicly traded companies, employing a value‐oriented approach to create long‐term shareholder value.

Through its private equity arm, Onex Partners, the firm pursues transactions in sectors such as aerospace and defense, healthcare, financial services, industrial manufacturing and packaging.