Olin (OLN) Set to Announce Quarterly Earnings on Thursday

Olin (NYSE:OLN) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

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

Olin Stock Down 0.6 %

NYSE:OLN opened at $53.18 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.29 and a quick ratio of 0.73. The company has a market capitalization of $6.36 billion, a PE ratio of 15.02, a P/E/G ratio of 0.29 and a beta of 1.44. The firm’s 50-day moving average price is $55.39 and its 200-day moving average price is $51.38. Olin has a 1-year low of $41.71 and a 1-year high of $60.60.

Olin Announces Dividend

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

Analyst Ratings Changes

OLN has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on Olin from $56.00 to $58.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. 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 note on Monday, January 29th. Stifel Nicolaus increased their price target on Olin from $65.00 to $66.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Barclays increased their price objective on Olin from $57.00 to $59.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Finally, Citigroup lifted their price target on Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Olin presently has an average rating of “Hold” and a consensus price target of $59.00.

Insider Transactions at Olin

In other Olin news, CEO Scott Mcdougald Sutton sold 48,896 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $52.39, for a total value of $2,561,661.44. Following the completion of the sale, the chief executive officer now directly owns 90,327 shares of the company’s stock, valued at approximately $4,732,231.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Scott Mcdougald Sutton sold 48,896 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $52.39, for a total transaction of $2,561,661.44. Following the completion of the transaction, the chief executive officer now directly owns 90,327 shares of the company’s stock, valued at approximately $4,732,231.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Todd A. Slater sold 63,250 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were 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 owns 137,517 shares in the company, valued at $7,446,545.55. The disclosure for this sale can be found here. Insiders sold a total of 753,274 shares of company stock valued at $40,434,124 over the last three months. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Olin

Institutional investors and hedge funds have recently bought and sold shares of the company. Salem Investment Counselors Inc. purchased a new stake in Olin in the 1st quarter worth approximately $26,000. Quarry LP raised its position in shares of Olin by 508.6% during the 1st quarter. Quarry LP now owns 706 shares of the specialty chemicals company’s stock valued at $39,000 after buying an additional 590 shares in the last quarter. Money Concepts Capital Corp grew its holdings in shares of Olin by 74.5% during the 4th quarter. Money Concepts Capital Corp now owns 991 shares of the specialty chemicals company’s stock valued at $52,000 after purchasing an additional 423 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Olin during the 1st quarter valued at $53,000. Finally, Worth Asset Management LLC bought a new position in shares of Olin during the 1st quarter valued at $69,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

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.