Olin (OLN) Earning Somewhat Positive News Coverage, Report Finds

Headlines about Olin (NYSE:OLN) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Olin earned a news impact score of 0.10 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 46.0365230620348 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the headlines that may have effected Accern’s rankings:

Olin (OLN) traded down $0.56 on Friday, hitting $32.67. The stock had a trading volume of 1,580,000 shares, compared to its average volume of 2,480,000. The company has a market cap of $5,440.00, a P/E ratio of 10.08, a PEG ratio of 1.12 and a beta of 1.35. Olin has a 52 week low of $27.79 and a 52 week high of $38.84. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.07 and a current ratio of 1.78.

Olin (NYSE:OLN) last released its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $2.45. The company had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.53 billion. Olin had a return on equity of 6.02% and a net margin of 8.77%. The firm’s revenue was up 16.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. research analysts predict that Olin will post 2.12 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 9th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.80 annualized dividend and a dividend yield of 2.45%. Olin’s dividend payout ratio (DPR) is presently 24.69%.

A number of brokerages have commented on OLN. Royal Bank of Canada restated a “buy” rating and issued a $42.00 target price on shares of Olin in a research note on Thursday, December 14th. Zacks Investment Research upgraded Olin from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Friday, January 12th. Morgan Stanley began coverage on Olin in a research note on Tuesday, January 9th. They issued an “overweight” rating and a $45.00 target price on the stock. SunTrust Banks restated a “buy” rating and issued a $46.00 target price on shares of Olin in a research note on Monday, November 6th. Finally, Vertical Research upgraded Olin from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.80.

In related news, Director Randall W. Larrimore purchased 800 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $31.28 per share, for a total transaction of $25,024.00. Following the purchase, the director now owns 6,500 shares in the company, valued at approximately $203,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.90% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://stocknewstimes.com/2018/02/19/olin-oln-earning-somewhat-positive-news-coverage-report-finds.html.

Olin Company Profile

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.

Insider Buying and Selling by Quarter for Olin (NYSE:OLN)

Receive News & Ratings for Olin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Olin and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply