Orion (OEC) Set to Announce Earnings on Thursday

Orion (NYSE:OEC) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Orion to post earnings of $0.63 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Orion (NYSE:OEC) last posted its earnings results on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). The company had revenue of $468.20 million during the quarter, compared to analysts’ expectations of $421.62 million. Orion had a net margin of 5.46% and a return on equity of 24.45%. Orion’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. On average, analysts expect Orion to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Orion Trading Down 1.8 %

OEC stock opened at $23.52 on Thursday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 13.60 and a beta of 1.64. The company has a quick ratio of 0.82, a current ratio of 1.47 and a debt-to-equity ratio of 1.42. The business has a fifty day simple moving average of $23.34 and a 200-day simple moving average of $23.34. Orion has a 52 week low of $19.32 and a 52 week high of $28.48.

Orion Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Wednesday, March 13th were given a dividend of $0.021 per share. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $0.08 dividend on an annualized basis and a yield of 0.36%. Orion’s dividend payout ratio (DPR) is 4.62%.

Analysts Set New Price Targets

Several brokerages have recently commented on OEC. StockNews.com raised shares of Orion from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. UBS Group reduced 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 began coverage on shares of Orion in a research report on Wednesday, March 27th. They set a “neutral” rating and a $25.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $27.80.

About Orion

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.