Orion (OEC) Set to Announce Earnings on Thursday

Orion (NYSE:OEC) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Orion to post earnings of $0.63 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

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

Orion Trading Down 1.8 %

NYSE OEC opened at $23.52 on Thursday. The firm has a 50 day simple moving average of $23.34 and a 200-day simple moving average of $23.34. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 1.47. Orion has a one year low of $19.32 and a one year high of $28.48. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 13.60 and a beta of 1.64.

Orion Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 13th were issued a $0.021 dividend. The ex-dividend date was Tuesday, March 12th. This represents a $0.08 annualized dividend and a yield of 0.36%. Orion’s dividend payout ratio (DPR) is 4.62%.

Analyst Ratings Changes

OEC has been the topic of several analyst reports. Mizuho initiated coverage on shares of Orion in a report on Wednesday, March 27th. They issued a “neutral” rating and a $25.00 target price on the stock. StockNews.com raised shares of Orion from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Finally, UBS Group cut their price objective on shares of Orion from $33.00 to $32.00 and set a “buy” rating on the stock in a 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.80.

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.