Orion Engineered Carbons (NYSE:OEC) Releases FY 2022 Earnings Guidance

Orion Engineered Carbons (NYSE:OECGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.00-$2.35 for the period, compared to the consensus estimate of $2.09. The company issued revenue guidance of -.

Several research analysts have issued reports on OEC shares. Barclays dropped their target price on shares of Orion Engineered Carbons from $17.00 to $16.00 in a report on Tuesday, February 22nd. StockNews.com downgraded shares of Orion Engineered Carbons from a buy rating to a hold rating in a research note on Tuesday. Finally, Zacks Investment Research raised shares of Orion Engineered Carbons from a hold rating to a strong-buy rating and set a $20.00 price objective on the stock in a report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Orion Engineered Carbons has a consensus rating of Buy and a consensus target price of $22.20.

Shares of Orion Engineered Carbons stock opened at $18.30 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.51 and a debt-to-equity ratio of 1.66. The company has a market cap of $1.11 billion, a P/E ratio of 7.75 and a beta of 1.64. The firm’s 50 day moving average price is $15.98 and its 200-day moving average price is $17.34. Orion Engineered Carbons has a 52-week low of $14.05 and a 52-week high of $21.19.

Orion Engineered Carbons (NYSE:OECGet Rating) last announced its earnings results on Thursday, May 5th. The specialty chemicals company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.02). The firm had revenue of $484.50 million during the quarter, compared to analyst estimates of $433.84 million. Orion Engineered Carbons had a net margin of 8.60% and a return on equity of 33.42%. Orion Engineered Carbons’s revenue was up 34.6% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. As a group, equities research analysts forecast that Orion Engineered Carbons will post 2.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 22nd will be paid a $0.021 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, June 21st. Orion Engineered Carbons’s dividend payout ratio (DPR) is presently 3.39%.

In other Orion Engineered Carbons news, CFO Jeffrey Glajch purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were bought at an average price of $17.03 per share, for a total transaction of $85,150.00. Following the acquisition, the chief financial officer now owns 15,000 shares in the company, valued at $255,450. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary A. Lindsey acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 24th. The shares were acquired at an average price of $15.07 per share, with a total value of $150,700.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 74,550 shares of company stock worth $1,141,409 in the last 90 days. 0.90% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Keeley Teton Advisors LLC boosted its holdings in Orion Engineered Carbons by 8.8% in the first quarter. Keeley Teton Advisors LLC now owns 151,073 shares of the specialty chemicals company’s stock valued at $2,413,000 after purchasing an additional 12,224 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Orion Engineered Carbons in the first quarter worth about $237,000. Point72 Hong Kong Ltd purchased a new stake in shares of Orion Engineered Carbons in the first quarter worth about $117,000. First Manhattan Co. grew its holdings in Orion Engineered Carbons by 1.7% during the first quarter. First Manhattan Co. now owns 614,775 shares of the specialty chemicals company’s stock worth $9,817,000 after acquiring an additional 10,300 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Orion Engineered Carbons by 49.7% during the first quarter. Goldman Sachs Group Inc. now owns 328,775 shares of the specialty chemicals company’s stock valued at $5,251,000 after acquiring an additional 109,202 shares in the last quarter. Institutional investors own 82.69% of the company’s stock.

About Orion Engineered Carbons (Get Rating)

Orion Engineered Carbons SA, together with its subsidiaries, manufactures and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. 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 polymers, coatings, and battery electrodes.

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Earnings History and Estimates for Orion Engineered Carbons (NYSE:OEC)

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