Brokerages predict that Olin Co. (NYSE:OLN) will post $0.20 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Olin’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.16. Olin reported earnings of $0.14 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 42.9%. The business is expected to report its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Olin will report full-year earnings of $2.01 per share for the current financial year, with EPS estimates ranging from $1.70 to $2.33. For the next fiscal year, analysts anticipate that the business will report earnings of $2.42 per share, with EPS estimates ranging from $2.05 to $2.59. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Olin.
Olin (NYSE:OLN) last posted its earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $2.45. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Olin had a return on equity of 6.02% and a net margin of 8.77%. The firm’s quarterly revenue was up 16.9% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share.
A number of equities research analysts have issued reports on the company. ValuEngine upgraded Olin from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. JPMorgan Chase & Co. initiated coverage on Olin in a research note on Friday, March 9th. They issued an “overweight” rating and a $36.00 target price on the stock. SunTrust Banks reissued a “buy” rating on shares of Olin in a report on Tuesday, February 13th. Morgan Stanley set a $41.00 price target on Olin and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Citigroup set a $40.00 price target on Olin and gave the company a “buy” rating in a report on Monday, February 12th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Olin presently has an average rating of “Buy” and an average target price of $39.45.
Olin stock traded down $0.25 during mid-day trading on Monday, reaching $30.35. The company’s stock had a trading volume of 2,826,822 shares, compared to its average volume of 2,384,565. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.78 and a quick ratio of 1.07. The company has a market capitalization of $5,115.27, a PE ratio of 9.37, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43. Olin has a 12 month low of $27.79 and a 12 month high of $38.84.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 9th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date was Thursday, February 8th. Olin’s dividend payout ratio (DPR) is 24.69%.
In other Olin news, Director Randall W. Larrimore purchased 800 shares of the stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $31.28 per share, with a total value of $25,024.00. Following the completion of the acquisition, the director now owns 6,500 shares of the company’s stock, valued at $203,320. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Stephen C. Curley sold 6,250 shares of the firm’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $33.00, for a total value of $206,250.00. Following the transaction, the insider now directly owns 25,837 shares in the company, valued at $852,621. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in OLN. Crossmark Global Holdings Inc. acquired a new position in Olin during the third quarter worth about $457,000. BNP Paribas Arbitrage SA grew its holdings in Olin by 27.2% during the third quarter. BNP Paribas Arbitrage SA now owns 80,151 shares of the specialty chemicals company’s stock worth $2,745,000 after acquiring an additional 17,122 shares during the period. Sei Investments Co. grew its holdings in Olin by 7.0% during the third quarter. Sei Investments Co. now owns 265,312 shares of the specialty chemicals company’s stock worth $9,087,000 after acquiring an additional 17,354 shares during the period. New York State Common Retirement Fund grew its holdings in Olin by 3.4% during the third quarter. New York State Common Retirement Fund now owns 643,187 shares of the specialty chemicals company’s stock worth $22,029,000 after acquiring an additional 21,180 shares during the period. Finally, Advisor Group Inc. grew its holdings in Olin by 7.9% during the third quarter. Advisor Group Inc. now owns 22,836 shares of the specialty chemicals company’s stock worth $784,000 after acquiring an additional 1,665 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.
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Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.
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