Olin (OLN) Set to Announce Quarterly Earnings on Thursday

Olin (NYSE:OLN) is scheduled to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Olin (NYSE:OLN) last posted its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.10. Olin had a return on equity of 18.44% and a net margin of 6.74%. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.50 billion. On average, analysts expect Olin to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Olin Price Performance

OLN stock opened at $53.18 on Thursday. Olin has a 52-week low of $41.71 and a 52-week high of $60.60. The stock’s fifty day simple moving average is $55.39 and its 200-day simple moving average is $51.38. The company has a quick ratio of 0.73, a current ratio of 1.29 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $6.36 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44.

Olin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, March 7th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend was Wednesday, March 6th. Olin’s dividend payout ratio (DPR) is 22.60%.

Insider Transactions at Olin

In other news, CFO Todd A. Slater sold 63,250 shares of Olin stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $54.15, for a total transaction of $3,424,987.50. Following the sale, the chief financial officer now directly owns 137,517 shares of the company’s stock, valued at $7,446,545.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, VP Valerie A. Peters sold 71,800 shares of Olin stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total value of $3,770,936.00. Following the completion of the transaction, the vice president now directly owns 19,469 shares in the company, valued at $1,022,511.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Todd A. Slater sold 63,250 shares of Olin stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $54.15, for a total value of $3,424,987.50. Following the completion of the transaction, the chief financial officer now owns 137,517 shares of the company’s stock, valued at $7,446,545.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 753,274 shares of company stock valued at $40,434,124. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Olin

Hedge funds have recently bought and sold shares of the company. Salem Investment Counselors Inc. acquired a new position in Olin in the first quarter worth about $26,000. Quarry LP boosted its stake in Olin by 508.6% in the first quarter. Quarry LP now owns 706 shares of the specialty chemicals company’s stock valued at $39,000 after acquiring an additional 590 shares during the period. Money Concepts Capital Corp boosted its stake in Olin by 74.5% in the fourth quarter. Money Concepts Capital Corp now owns 991 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 423 shares during the period. Acadian Asset Management LLC acquired a new position in Olin in the first quarter valued at approximately $53,000. Finally, Worth Asset Management LLC acquired a new position in Olin in the first quarter valued at approximately $69,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on OLN. UBS Group raised their price objective on Olin from $56.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. Citigroup increased their target price on Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Barclays increased their target price on Olin from $57.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Royal Bank of Canada increased their target price on Olin from $58.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, January 29th. Finally, KeyCorp increased their target price on Olin from $66.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $59.00.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.