$0.32 EPS Expected for Olin Co. (OLN) This Quarter

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Analysts expect that Olin Co. (NYSE:OLN) will announce $0.32 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Olin’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.25. Olin reported earnings of $0.15 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 113.3%. The firm is expected to announce its next earnings report after the market closes on Tuesday, April 30th.

According to Zacks, analysts expect that Olin will report full-year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.57 to $2.27. For the next financial year, analysts anticipate that the business will report earnings of $2.53 per share, with EPS estimates ranging from $2.20 to $2.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Olin.

Olin (NYSE:OLN) last posted its earnings results on Monday, February 4th. The specialty chemicals company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Olin had a return on equity of 10.42% and a net margin of 4.72%. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the company posted $2.89 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year.

A number of equities analysts have commented on OLN shares. KeyCorp started coverage on shares of Olin in a research report on Monday, January 28th. They set an “overweight” rating and a $30.00 price objective for the company. Zacks Investment Research raised Olin from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. ValuEngine upgraded Olin from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Cowen reiterated an “outperform” rating and issued a $32.00 target price on shares of Olin in a report on Wednesday, February 6th. Finally, Nomura raised Olin from a “reduce” rating to a “neutral” rating and boosted their price target for the company from $22.00 to $25.00 in a research note on Monday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $29.55.

OLN stock traded up $0.37 during mid-day trading on Monday, hitting $25.20. 1,766,514 shares of the company were exchanged, compared to its average volume of 2,292,118. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.89 and a current ratio of 1.53. The company has a market capitalization of $4.09 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 0.41 and a beta of 1.59. Olin has a 1-year low of $17.87 and a 1-year high of $34.42.

In other Olin news, VP Brett A. Flaugher sold 12,500 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $26.53, for a total transaction of $331,625.00. Following the completion of the sale, the vice president now owns 40,629 shares of the company’s stock, valued at $1,077,887.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OLN. SignalPoint Asset Management LLC lifted its position in shares of Olin by 2.9% in the fourth quarter. SignalPoint Asset Management LLC now owns 20,201 shares of the specialty chemicals company’s stock worth $406,000 after buying an additional 563 shares in the last quarter. Pflug Koory LLC raised its holdings in shares of Olin by 29.8% in the fourth quarter. Pflug Koory LLC now owns 2,985 shares of the specialty chemicals company’s stock worth $60,000 after buying an additional 685 shares during the period. State Board of Administration of Florida Retirement System grew its stake in Olin by 0.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 195,710 shares of the specialty chemicals company’s stock worth $3,936,000 after purchasing an additional 770 shares in the last quarter. Arizona State Retirement System grew its stake in Olin by 1.0% in the fourth quarter. Arizona State Retirement System now owns 119,744 shares of the specialty chemicals company’s stock worth $2,408,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Lavaca Capital LLC bought a new position in Olin in the fourth quarter worth approximately $29,000. 87.30% of the stock is owned by hedge funds and other institutional investors.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States and internationally. 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, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.The Epoxy segment provides allyl chloride and epichlorohydrin, as well as acetone, bisphenol, cumene, and phenol for use in resins and other plastic materials, water purification, and pesticides, as well as for the manufacturers of polymers; liquid and solid epoxy resins that are used in adhesives, paints and coatings, composites, and flooring; and differentiated epoxy resins for use in electrical laminates, paints and coatings, wind blades, electronics, and construction, as well as offers additives.

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