Olin (OLN) Set to Announce Earnings on Thursday

Olin (NYSE:OLN) is scheduled to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Olin to post earnings of $0.03 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Olin (NYSE:OLN) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.08). The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Olin had a net margin of 4.26% and a return on equity of 11.73%. The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 earnings per share. On average, analysts expect Olin to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Olin Price Performance

Shares of OLN opened at $45.76 on Wednesday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.43 and a quick ratio of 0.82. The company’s fifty day moving average price is $44.66 and its 200-day moving average price is $48.37. The firm has a market capitalization of $5.38 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.15 and a beta of 1.41. Olin has a 1-year low of $39.47 and a 1-year high of $60.60.

Analyst Ratings Changes

A number of brokerages have weighed in on OLN. Mizuho started coverage on shares of Olin in a research report on Thursday, August 8th. They issued a “neutral” rating and a $45.00 price objective for the company. UBS Group dropped their price target on shares of Olin from $59.00 to $51.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Bank of America cut shares of Olin from a “buy” rating to a “neutral” rating and decreased their target price for the company from $62.00 to $51.00 in a research report on Monday, July 29th. Barclays dropped their price objective on Olin from $59.00 to $49.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th. Finally, Wells Fargo & Company dropped their price target on shares of Olin from $50.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $52.40.

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.