Orion (OEC) Set to Announce Quarterly Earnings on Thursday

Orion (NYSE:OEC) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Orion to post earnings of $0.63 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Orion (NYSE:OEC) last issued its quarterly earnings data on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The business had revenue of $468.20 million during the quarter, compared to the consensus estimate of $421.62 million. Orion had a return on equity of 24.45% and a net margin of 5.46%. Orion’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. On average, analysts expect Orion to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Orion Stock Performance

Shares of NYSE OEC opened at $24.00 on Tuesday. The firm has a 50 day moving average of $23.36 and a 200 day moving average of $23.41. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 13.87 and a beta of 1.64. Orion has a 12-month low of $19.32 and a 12-month high of $28.48. The company has a current ratio of 1.47, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42.

Orion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 11th will be paid a $0.021 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. Orion’s dividend payout ratio (DPR) is 4.62%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on OEC shares. StockNews.com raised Orion from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Mizuho started coverage on shares of Orion in a report on Wednesday, March 27th. They issued a “neutral” rating and a $25.00 target price for the company. Finally, UBS Group dropped their price target on shares of Orion from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Orion currently has an average rating of “Moderate Buy” and a consensus price target of $27.80.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.