Olin (OLN) Issues Earnings Results, Beats Estimates By $2.45 EPS

Olin (NYSE:OLN) announced its quarterly earnings results on Tuesday. The specialty chemicals company reported $2.89 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $2.45, RTT News reports. Olin had a return on equity of 6.05% and a net margin of 1.29%. The company had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was up 16.9% on a year-over-year basis.

Shares of Olin (NYSE OLN) opened at $35.95 on Wednesday. The stock has a market capitalization of $5,980.00, a P/E ratio of 78.15, a PEG ratio of 1.06 and a beta of 1.35. Olin has a one year low of $27.79 and a one year high of $38.84. The company has a quick ratio of 1.03, a current ratio of 1.72 and a debt-to-equity ratio of 1.59.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, February 8th. Olin’s payout ratio is 173.91%.

In other news, EVP John L. Mcintosh sold 9,500 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $35.42, for a total value of $336,490.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John Maurice Sampson sold 3,000 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $36.58, for a total value of $109,740.00. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

OLN has been the subject of a number of research reports. Cowen reissued an “outperform” rating and set a $42.00 price target (up from $39.00) on shares of Olin in a research note on Tuesday, October 10th. Zacks Investment Research raised Olin from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. TheStreet raised Olin from a “c+” rating to a “b” rating in a research note on Tuesday, October 31st. SunTrust Banks reaffirmed a “buy” rating and issued a $46.00 price objective on shares of Olin in a research note on Monday, November 6th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Olin in a research note on Thursday, December 14th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Olin currently has an average rating of “Buy” and an average price target of $40.22.

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About Olin

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.

Earnings History for Olin (NYSE:OLN)

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