Orion (NYSE:OEC) Releases Earnings Results, Misses Expectations By $0.08 EPS

Orion (NYSE:OEC) issued its quarterly earnings data on Wednesday. The specialty chemicals company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08), FiscalAI reports. Orion had a negative return on equity of 4.09% and a negative net margin of 1.75%. The business had revenue of $472.80 million for the quarter, compared to analysts’ expectations of $445.99 million.

Orion Price Performance

NYSE OEC traded up $0.12 on Friday, reaching $4.29. 150,931 shares of the company’s stock traded hands, compared to its average volume of 580,849. Orion has a 12 month low of $4.12 and a 12 month high of $8.64. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.03 and a quick ratio of 0.64. The stock has a 50-day simple moving average of $5.73 and a 200 day simple moving average of $6.35. The stock has a market cap of $242.19 million, a PE ratio of -7.39 and a beta of 1.05.

Orion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 19th. Shareholders of record on Friday, December 11th will be given a dividend of $0.0207 per share. This represents a $0.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, December 11th. Orion’s dividend payout ratio (DPR) is presently -4.62%.

Analyst Ratings Changes

A number of brokerages recently weighed in on OEC. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Orion in a research note on Thursday, October 15th. UBS Group dropped their target price on shares of Orion from $8.00 to $6.50 and set a “neutral” rating for the company in a research report on Monday, October 5th. Wall Street Zen raised shares of Orion from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. Finally, Zacks Research raised shares of Orion from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Strong Sell” and an average price target of $5.58.

About Orion

Orion SA, formerly known as Orion Engineered Carbons SA, is a global specialty chemicals company that develops, manufactures and sells carbon-based products. Its portfolio includes specialty carbon black, high-performance carbon black, conductive additives and other carbon materials used in a range of industrial and consumer applications.

The company’s products help provide color, conductivity, reinforcement, ultraviolet protection and other performance characteristics in products such as coatings, paints, printing inks, plastics, adhesives, sealants, batteries, tires and other rubber goods.