OM Group (OMG) Releases Quarterly Earnings Results
OM Group (NYSE:OMG) posted its quarterly earnings results on Thursday. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.07, American Banking and Market News reports. The company had revenue of $270.50 million for the quarter, compared to the consensus estimate of $236.80 million.
On a related note, analysts at Northcoast Research upgraded shares of OM Group to a “buy” rating in a research note on Thursday, December 12th.
OM Group (NYSE:OMG) opened at 32.78 on Thursday. OM Group has a one year low of $22.22 and a one year high of $37.58. The stock’s 50-day moving average is $34.59 and its 200-day moving average is $32.77. The company’s market cap is $1.048 billion.
The company also recently declared a quarterly dividend, which is scheduled for Friday, March 7th. Stockholders of record on Monday, February 24th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.92%.
OM Group, Inc is a diversified industrial growth company serving attractive global markets, including automotive systems, electronic devices, aerospace, general industrial and renewable energy.
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