Olin (NYSE:OLN – Get Free Report) posted its earnings results on Thursday. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.08), Briefing.com reports. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. Olin had a return on equity of 11.58% and a net margin of 4.26%. Olin’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.13 earnings per share.
Olin Stock Down 7.2 %
Shares of NYSE:OLN traded down $3.45 during trading on Friday, hitting $44.59. 4,566,635 shares of the company were exchanged, compared to its average volume of 1,183,720. Olin has a fifty-two week low of $41.71 and a fifty-two week high of $60.60. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 0.35 and a beta of 1.44. The company has a current ratio of 1.38, a quick ratio of 0.80 and a debt-to-equity ratio of 1.22. The firm has a fifty day moving average price of $49.67 and a two-hundred day moving average price of $52.72.
Olin Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 8th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.80 annualized dividend and a yield of 1.79%. Olin’s dividend payout ratio (DPR) is presently 28.78%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on OLN
Olin Company Profile
Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.
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