Orion (NYSE:OEC) Posts Earnings Results, Misses Estimates By $0.11 EPS

Orion (NYSE:OEC) released its quarterly earnings results on Thursday. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.11), Briefing.com reports. The company had revenue of $502.90 million during the quarter, compared to analyst estimates of $506.38 million. Orion had a net margin of 4.64% and a return on equity of 21.25%. Orion’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.74 EPS.

Orion Price Performance

Shares of NYSE:OEC traded down $0.64 during midday trading on Friday, hitting $23.60. The company had a trading volume of 592,754 shares, compared to its average volume of 372,312. Orion has a twelve month low of $19.32 and a twelve month high of $28.48. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 13.64 and a beta of 1.62. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.47 and a quick ratio of 0.82. The business’s 50-day simple moving average is $23.40 and its 200-day simple moving average is $23.44.

Orion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 11th will be given a $0.021 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.36%. Orion’s dividend payout ratio (DPR) is presently 4.62%.

Analyst Ratings Changes

A number of analysts have recently commented on OEC shares. Mizuho boosted their target price on shares of Orion from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday. UBS Group decreased their target price on Orion from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. Finally, StockNews.com upgraded Orion from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $28.00.

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.