Brokerages expect Olin Corporation (NYSE:OLN) to report $1.50 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Olin Corporation’s earnings. The highest sales estimate is $1.54 billion and the lowest is $1.47 billion. Olin Corporation posted sales of $1.36 billion in the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, July 31st.

According to Zacks, analysts expect that Olin Corporation will report full-year sales of $1.50 billion for the current year, with estimates ranging from $6.18 billion to $6.35 billion. For the next fiscal year, analysts anticipate that the company will report sales of $6.58 billion per share, with estimates ranging from $6.31 billion to $6.85 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Olin Corporation.

Olin Corporation (NYSE:OLN) last released its quarterly earnings results on Tuesday, May 2nd. The specialty chemicals company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.10. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Olin Corporation had a net margin of 0.82% and a return on equity of 7.40%.

Several research analysts have recently weighed in on OLN shares. Zacks Investment Research upgraded Olin Corporation from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Thursday, March 9th. Bank of America Corporation started coverage on Olin Corporation in a research note on Monday, May 8th. They issued a “buy” rating and a $40.00 price target for the company. Tudor Pickering started coverage on Olin Corporation in a research note on Friday, May 12th. They issued a “buy” rating and a $37.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and issued a $35.00 price target on shares of Olin Corporation in a research note on Tuesday, May 16th. Finally, BidaskClub upgraded Olin Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.14.

Several hedge funds have recently modified their holdings of the company. Bollard Group LLC raised its stake in shares of Olin Corporation by 0.6% in the first quarter. Bollard Group LLC now owns 3,180 shares of the specialty chemicals company’s stock valued at $105,000 after buying an additional 19 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Olin Corporation by 0.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,929 shares of the specialty chemicals company’s stock valued at $384,000 after buying an additional 119 shares during the last quarter. World Asset Management Inc raised its stake in shares of Olin Corporation by 1.7% in the first quarter. World Asset Management Inc now owns 10,125 shares of the specialty chemicals company’s stock valued at $333,000 after buying an additional 168 shares during the last quarter. OppenheimerFunds Inc. raised its stake in shares of Olin Corporation by 0.5% in the first quarter. OppenheimerFunds Inc. now owns 44,497 shares of the specialty chemicals company’s stock valued at $1,462,000 after buying an additional 201 shares during the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in shares of Olin Corporation by 6.9% in the first quarter. Meadow Creek Investment Management LLC now owns 4,464 shares of the specialty chemicals company’s stock valued at $147,000 after buying an additional 288 shares during the last quarter. 93.02% of the stock is owned by institutional investors.

Olin Corporation (OLN) traded up 1.28% during midday trading on Friday, reaching $30.01. The company had a trading volume of 662,410 shares. The company has a 50-day moving average of $30.00 and a 200-day moving average of $29.84. Olin Corporation has a 12-month low of $18.24 and a 12-month high of $33.88. The stock has a market capitalization of $4.98 billion, a PE ratio of 104.56 and a beta of 1.44.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Wednesday, May 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend was Monday, May 8th. Olin Corporation’s payout ratio is currently 285.71%.

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Olin Corporation Company Profile

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

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Earnings History and Estimates for Olin Corporation (NYSE:OLN)

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