Equities analysts expect that Olin Corporation (NYSE:OLN) will announce $1.63 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Olin Corporation’s earnings, with the highest sales estimate coming in at $1.64 billion and the lowest estimate coming in at $1.63 billion. Olin Corporation reported sales of $1.45 billion during the same quarter last year, which indicates a positive year over year growth rate of 12.4%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, October 30th.

According to Zacks, analysts expect that Olin Corporation will report full-year sales of $1.63 billion for the current fiscal year, with estimates ranging from $6.27 billion to $6.33 billion. For the next fiscal year, analysts expect that the firm will report sales of $6.60 billion per share, with estimates ranging from $6.46 billion to $6.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Olin Corporation.

Olin Corporation (NYSE:OLN) last issued its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.15). Olin Corporation had a return on equity of 5.80% and a net margin of 0.72%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $0.24 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis.

A number of research analysts recently issued reports on OLN shares. Cowen and Company set a $39.00 target price on shares of Olin Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Olin Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $44.00 target price (up previously from $36.00) on shares of Olin Corporation in a research report on Monday, October 2nd. Citigroup Inc. started coverage on shares of Olin Corporation in a research report on Wednesday, September 27th. They set a “buy” rating and a $39.00 target price on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $35.00 target price on shares of Olin Corporation in a research report on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $36.88.

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In other news, EVP John L. Mcintosh sold 24,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $31.54, for a total value of $756,960.00. Following the completion of the sale, the executive vice president now owns 84,391 shares in the company, valued at $2,661,692.14. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Stephen C. Curley sold 5,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $30.34, for a total transaction of $151,700.00. Following the completion of the sale, the vice president now owns 23,837 shares of the company’s stock, valued at approximately $723,214.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 45,070 shares of company stock worth $1,407,151. Corporate insiders own 2.90% of the company’s stock.

Several hedge funds have recently made changes to their positions in OLN. Iridian Asset Management LLC CT raised its holdings in shares of Olin Corporation by 28.0% in the second quarter. Iridian Asset Management LLC CT now owns 7,098,169 shares of the specialty chemicals company’s stock valued at $214,933,000 after purchasing an additional 1,553,430 shares during the last quarter. King Street Capital Management L.P. raised its holdings in shares of Olin Corporation by 50.0% in the second quarter. King Street Capital Management L.P. now owns 3,000,000 shares of the specialty chemicals company’s stock valued at $90,840,000 after purchasing an additional 1,000,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Olin Corporation by 6.5% in the first quarter. Vanguard Group Inc. now owns 14,410,405 shares of the specialty chemicals company’s stock valued at $473,671,000 after purchasing an additional 878,440 shares during the last quarter. Morgan Stanley raised its holdings in shares of Olin Corporation by 52.8% in the first quarter. Morgan Stanley now owns 1,912,057 shares of the specialty chemicals company’s stock valued at $62,850,000 after purchasing an additional 660,806 shares during the last quarter. Finally, BlueCrest Capital Management Ltd raised its holdings in shares of Olin Corporation by 481.0% in the second quarter. BlueCrest Capital Management Ltd now owns 680,828 shares of the specialty chemicals company’s stock valued at $20,615,000 after purchasing an additional 563,647 shares during the last quarter. Institutional investors own 92.62% of the company’s stock.

Olin Corporation (NYSE:OLN) opened at 35.51 on Friday. The company has a 50-day moving average of $33.27 and a 200-day moving average of $31.30. Olin Corporation has a 52-week low of $20.05 and a 52-week high of $36.84. The company has a market cap of $5.90 billion, a P/E ratio of 138.17 and a beta of 1.42.

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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