OM Group, Inc. (OMG) Plans Quarterly Dividend of $0.08
OM Group (NYSE:OMG) declared a quarterly dividend on Tuesday, August 12th, American Banking and Market News reports. Stockholders of record on Friday, August 22nd will be given a dividend of 0.075 per share on Friday, September 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.20%.
A number of analysts have recently weighed in on OMG shares. Analysts at First Analysis upgraded shares of OM Group from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. They now have a $31.00 price target on the stock. On a related note, analysts at Zacks downgraded shares of OM Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $23.70 price target on the stock. Finally, analysts at Northcoast Research cut their price target on shares of OM Group from $40.00 to $34.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock.
Shares of OM Group (NYSE:OMG) traded up 0.56% during mid-day trading on Tuesday, hitting $25.14. The stock had a trading volume of 186,463 shares. OM Group has a 1-year low of $24.08 and a 1-year high of $37.58. The stock has a 50-day moving average of $29.91 and a 200-day moving average of $31.19. The company has a market cap of $798.9 million and a price-to-earnings ratio of 20.15.
OM Group (NYSE:OMG) last released its earnings data on Friday, August 1st. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.12. The company had revenue of $297.50 million for the quarter, compared to the consensus estimate of $261.25 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts predict that OM Group will post $1.13 earnings per share for the current fiscal year.
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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