Orion (NYSE:OEC) Updates FY 2024 Earnings Guidance

Orion (NYSE:OEC) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 2.050-2.200 for the period, compared to the consensus earnings per share estimate of 2.160. The company issued revenue guidance of -.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com upgraded Orion from a hold rating to a buy rating in a report on Thursday, April 18th. Mizuho raised their price target on Orion from $25.00 to $26.00 and gave the stock a neutral rating in a research note on Friday. Finally, UBS Group dropped their price objective on shares of Orion from $33.00 to $32.00 and set a buy rating for the company in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $28.00.

Orion Stock Down 2.6 %

Shares of NYSE OEC opened at $23.60 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.45 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.38 billion, a PE ratio of 15.95 and a beta of 1.62. The firm has a fifty day moving average of $23.41 and a 200-day moving average of $23.50. Orion has a 52-week low of $19.32 and a 52-week high of $28.48.

Orion (NYSE:OEC) last posted its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.11). The firm had revenue of $502.90 million for the quarter, compared to analysts’ expectations of $506.38 million. Orion had a net margin of 4.64% and a return on equity of 21.07%. Orion’s revenue was up .4% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. On average, analysts anticipate that Orion will post 2.15 EPS for the current year.

Orion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 11th will be given a dividend of $0.021 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Tuesday, June 11th. Orion’s dividend payout ratio (DPR) is presently 5.41%.

About Orion

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.