Olin (OLN) Scheduled to Post Quarterly Earnings on Thursday

Olin (NYSE:OLN) will be issuing 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. Persons that wish to listen to the company’s earnings conference call can do so using this link.

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

Olin Price Performance

Shares of OLN opened at $53.84 on Tuesday. The business has a 50-day moving average of $55.50 and a 200-day moving average of $51.52. 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 $6.44 billion, a price-to-earnings ratio of 15.21, a price-to-earnings-growth ratio of 0.29 and a beta of 1.44. Olin has a 1 year low of $41.71 and a 1 year high of $60.60.

Olin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, March 7th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Wednesday, March 6th. Olin’s dividend payout ratio (DPR) is presently 22.60%.

Insider Activity

In other Olin news, CFO Todd A. Slater sold 63,250 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $54.15, for a total value of $3,424,987.50. Following the completion of the sale, the chief financial officer now directly owns 137,517 shares of the company’s stock, valued at approximately $7,446,545.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Olin news, CFO Todd A. Slater sold 63,250 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $54.15, for a total value of $3,424,987.50. Following the completion of the transaction, the chief financial officer now owns 137,517 shares in the company, valued at approximately $7,446,545.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Valerie A. Peters sold 71,800 shares of Olin stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $52.52, for a total value of $3,770,936.00. Following the sale, the vice president now owns 19,469 shares in the company, valued at $1,022,511.88. The disclosure for this sale can be found here. Insiders sold a total of 753,274 shares of company stock worth $40,434,124 over the last quarter. Insiders own 1.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OLN. Wells Fargo & Company upped their price target on shares of Olin from $56.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 3rd. KeyCorp lifted their price objective on shares of Olin from $66.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, April 9th. The Goldman Sachs Group boosted their target price on shares of Olin from $55.00 to $61.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Royal Bank of Canada raised their target price on Olin from $64.00 to $69.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Citigroup upped their price target on Olin from $63.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Two 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.33.

About Olin

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.