Orion (OEC) Scheduled to Post Quarterly Earnings on Thursday

Orion (NYSE:OEC - Get Free Report) is set to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Orion (NYSE:OEC - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.18). Orion had a return on equity of 19.21% and a net margin of 4.09%. The business had revenue of $477.00 million for the quarter, compared to the consensus estimate of $491.14 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. Orion's quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts expect Orion to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Orion Price Performance

Shares of OEC stock traded down $0.27 on Thursday, hitting $15.00. 356,330 shares of the company's stock were exchanged, compared to its average volume of 431,275. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.39 and a quick ratio of 0.80. The stock has a market cap of $875.40 million, a P/E ratio of 11.36 and a beta of 1.46. Orion has a 12 month low of $14.94 and a 12 month high of $28.48. The company has a 50 day moving average of $16.93 and a 200 day moving average of $20.64.

Orion Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Friday, December 13th will be given a $0.021 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from Orion's previous quarterly dividend of $0.02. This represents a $0.08 annualized dividend and a yield of 0.56%. Orion's dividend payout ratio (DPR) is currently 6.06%.

Insiders Place Their Bets

In other news, CEO Corning F. Painter purchased 10,000 shares of the business's stock in a transaction on Thursday, August 22nd. The shares were acquired at an average price of $17.69 per share, with a total value of $176,900.00. Following the completion of the transaction, the chief executive officer now owns 958,776 shares of the company's stock, valued at $16,960,747.44. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Corning F. Painter bought 20,000 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The shares were bought at an average price of $17.48 per share, for a total transaction of $349,600.00. Following the transaction, the chief executive officer now directly owns 948,776 shares of the company's stock, valued at approximately $16,584,604.48. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Corning F. Painter purchased 10,000 shares of Orion stock in a transaction on Thursday, August 22nd. The stock was bought at an average price of $17.69 per share, with a total value of $176,900.00. Following the completion of the acquisition, the chief executive officer now directly owns 958,776 shares of the company's stock, valued at approximately $16,960,747.44. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 47,500 shares of company stock worth $845,225. 2.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. StockNews.com downgraded Orion from a "buy" rating to a "hold" rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their target price on Orion from $24.00 to $20.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th.

About Orion

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.