Orion (NYSE:OEC – Get Free Report) issued its quarterly earnings results on Thursday. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.11), Briefing.com reports. Orion had a return on equity of 21.25% and a net margin of 4.64%. The company had revenue of $502.90 million for the quarter, compared to analysts’ expectations of $506.38 million. During the same quarter in the previous year, the business earned $0.74 EPS. The company’s revenue for the quarter was up .4% on a year-over-year basis.
Orion Stock Performance
OEC traded down $0.64 during midday trading on Friday, reaching $23.60. The company had a trading volume of 592,754 shares, compared to its average volume of 372,312. The company has a quick ratio of 0.82, a current ratio of 1.47 and a debt-to-equity ratio of 1.42. Orion has a 1 year low of $19.32 and a 1 year high of $28.48. The business has a 50-day moving average of $23.40 and a two-hundred day moving average of $23.44. The company has a market cap of $1.38 billion, a P/E ratio of 13.64 and a beta of 1.62.
Orion Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders 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 annualized dividend and a yield of 0.36%. Orion’s payout ratio is 4.62%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on Orion
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.
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