ONEX (OTCMKTS:ONEXF) Issues Quarterly Earnings Results

ONEX (OTCMKTS:ONEXF) posted its quarterly earnings results on Friday. The company reported $0.57 earnings per share (EPS) for the quarter, Zacks reports. ONEX had a net margin of 61.92% and a return on equity of 6.12%.

ONEX Trading Down 3.5%

OTCMKTS ONEXF traded down $3.02 during trading on Friday, hitting $82.87. The company had a trading volume of 3,286 shares, compared to its average volume of 17,481. The company’s fifty day moving average is $86.69 and its 200-day moving average is $81.37. ONEX has a one year low of $60.72 and a one year high of $92.45. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 11.32 and a beta of 1.33.

ONEX Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 13th were given a dividend of $0.0727 per share. This represents a yield of 32.0%. The ex-dividend date of this dividend was Friday, October 10th. This is an increase from ONEX’s previous dividend of $0.07. ONEX’s payout ratio is presently 3.83%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ONEXF. TD Securities restated a “buy” rating on shares of ONEX in a report on Friday, October 31st. Scotiabank reiterated an “outperform” rating on shares of ONEX in a research report on Friday, October 31st. Finally, Royal Bank Of Canada assumed coverage on shares of ONEX in a report on Wednesday, October 1st. They issued a “hold” rating on the stock. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

ONEX Company Profile

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.