Orion (NYSE:OEC) Updates FY 2024 Earnings Guidance

Orion (NYSE:OEC) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.050-2.200 for the period, compared to the consensus estimate of 2.160. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several equities analysts have recently commented on OEC shares. StockNews.com upgraded shares of Orion from a hold rating to a buy rating in a research report on Thursday, April 18th. UBS Group dropped their price target on shares of Orion from $33.00 to $32.00 and set a buy rating on the stock in a research report on Thursday, January 11th. Finally, Mizuho lifted their target price on Orion from $25.00 to $26.00 and gave the stock a neutral rating in a report on Friday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of $28.00.

Orion Price Performance

NYSE OEC opened at $23.60 on Monday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.95 and a beta of 1.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.45 and a quick ratio of 0.85. The business’s fifty day moving average price is $23.41 and its 200-day moving average price is $23.50. Orion has a 1-year low of $19.32 and a 1-year high of $28.48.

Orion (NYSE:OEC) last posted its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.11). Orion had a net margin of 4.64% and a return on equity of 21.07%. The business had revenue of $502.90 million for the quarter, compared to the consensus estimate of $506.38 million. During the same period in the prior year, the business earned $0.74 earnings per share. Orion’s revenue was up .4% compared to the same quarter last year. On average, equities analysts predict that Orion will post 2.15 earnings per share for the current year.

Orion Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 11th will be paid a dividend of $0.021 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.36%. Orion’s dividend payout ratio is 5.41%.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.