Headlines about Olin (NYSE:OLN) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Olin earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 45.586902351655 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Several research analysts recently issued reports on the stock. SunTrust Banks reissued a “buy” rating and issued a $46.00 price target on shares of Olin in a research report on Monday, November 6th. TheStreet raised shares of Olin from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Olin from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Cowen reissued an “outperform” rating and issued a $42.00 price target (up previously from $39.00) on shares of Olin in a research report on Tuesday, October 10th. Finally, Citigroup assumed coverage on shares of Olin in a research report on Wednesday, September 27th. They issued a “buy” rating and a $39.00 price target for the company. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $37.13.
Shares of Olin (OLN) traded up $0.35 during trading on Wednesday, hitting $35.31. 1,782,445 shares of the company were exchanged, compared to its average volume of 2,106,348. The company has a current ratio of 1.72, a quick ratio of 1.03 and a debt-to-equity ratio of 1.59. The firm has a market capitalization of $5,755.73, a price-to-earnings ratio of 42.69, a P/E/G ratio of 3.85 and a beta of 1.39. Olin has a fifty-two week low of $24.93 and a fifty-two week high of $37.52.
Olin (NYSE:OLN) last issued its quarterly earnings results on Monday, October 30th. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. Olin had a net margin of 1.29% and a return on equity of 6.05%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. equities analysts anticipate that Olin will post 0.93 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 10th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, November 9th. Olin’s dividend payout ratio is currently 177.78%.
In related news, Director C Robert Bunch sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $36.00, for a total value of $360,000.00. Following the completion of the sale, the director now owns 3,860 shares of the company’s stock, valued at $138,960. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman John E. Fischer sold 37,583 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $36.80, for a total transaction of $1,383,054.40. The disclosure for this sale can be found here. In the last three months, insiders sold 75,083 shares of company stock valued at $2,741,284. 2.90% of the stock is currently owned by company insiders.
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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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