Orion S.A. (OEC) To Go Ex-Dividend on July 1st

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Thursday, June 20th, NASDAQ reports. Shareholders of record on Monday, July 1st will be paid a dividend of 0.0207 per share by the specialty chemicals company on Wednesday, October 9th. This represents a $0.08 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Monday, July 1st.

Orion has decreased its dividend by an average of 25.5% per year over the last three years. Orion has a dividend payout ratio of 3.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Orion to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.3%.

Orion Trading Down 0.4 %

Shares of NYSE OEC opened at $21.92 on Friday. The business’s 50 day moving average price is $24.01 and its 200-day moving average price is $23.97. Orion has a fifty-two week low of $19.32 and a fifty-two week high of $28.48. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.85 and a current ratio of 1.45. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 14.81 and a beta of 1.60.

Orion (NYSE:OEC) last released its earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.11). The business had revenue of $502.90 million for the quarter, compared to the consensus estimate of $506.38 million. Orion had a return on equity of 21.07% and a net margin of 4.64%. The firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. On average, sell-side analysts expect that Orion will post 2.13 earnings per share for the current year.

Insider Activity at Orion

In other news, VP Carlos Quinones bought 4,000 shares of Orion stock in a transaction on Monday, June 10th. The stock was acquired at an average cost of $23.51 per share, for a total transaction of $94,040.00. Following the completion of the acquisition, the vice president now owns 69,702 shares of the company’s stock, valued at approximately $1,638,694.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Orion news, VP Carlos Quinones purchased 4,000 shares of Orion stock in a transaction dated Monday, June 10th. The shares were acquired at an average cost of $23.51 per share, with a total value of $94,040.00. Following the completion of the transaction, the vice president now owns 69,702 shares in the company, valued at approximately $1,638,694.02. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Sandra Niewiem sold 8,305 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $24.21, for a total value of $201,064.05. Following the completion of the sale, the vice president now directly owns 14,099 shares of the company’s stock, valued at approximately $341,336.79. The disclosure for this sale can be found here. 6.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on OEC. StockNews.com upgraded Orion from a “hold” rating to a “buy” rating in a report on Thursday, April 18th. Mizuho boosted their price target on shares of Orion from $25.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Orion presently has a consensus rating of “Moderate Buy” and an average target price of $26.25.

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.