Oil-Dri Co. of America (ODC) Releases Quarterly Earnings Results

Oil-Dri Co. of America (NYSE:ODC) posted its quarterly earnings results on Friday. The specialty chemicals company reported $0.12 EPS for the quarter, Bloomberg Earnings reports. Oil-Dri Co. of America had a net margin of 3.10% and a return on equity of 10.35%.

Shares of Oil-Dri Co. of America stock opened at $29.43 on Friday. The company has a current ratio of 2.68, a quick ratio of 1.96 and a debt-to-equity ratio of 0.05. Oil-Dri Co. of America has a 52-week low of $27.81 and a 52-week high of $46.73. The company has a market capitalization of $214.08 million, a PE ratio of 16.07 and a beta of 0.98.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Friday, November 16th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Thursday, November 15th.

Several equities research analysts have recently commented on ODC shares. ValuEngine lowered shares of Oil-Dri Co. of America from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. TheStreet lowered shares of Oil-Dri Co. of America from a “b-” rating to a “c” rating in a report on Thursday, October 18th.

In other news, CEO Daniel S. Jaffee sold 7,200 shares of Oil-Dri Co. of America stock in a transaction that occurred on Tuesday, October 16th. The shares were sold at an average price of $31.95, for a total value of $230,040.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Daniel S. Jaffee sold 4,133 shares of Oil-Dri Co. of America stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $30.05, for a total transaction of $124,196.65. Following the completion of the transaction, the chairman now directly owns 15,865 shares in the company, valued at approximately $476,743.25. The disclosure for this sale can be found here. In the last ninety days, insiders bought 1,860 shares of company stock worth $56,307 and sold 19,803 shares worth $622,426. 9.04% of the stock is owned by insiders.

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Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It operates through two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products, which serve as chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.

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Earnings History for Oil-Dri Co. of America (NYSE:ODC)

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