Olin (OLN) to Release Quarterly Earnings on Thursday

Olin (NYSE:OLN - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Olin (NYSE:OLN - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.08). Olin had a net margin of 4.26% and a return on equity of 11.73%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, analysts expect Olin to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Olin Trading Up 0.6 %

NYSE OLN traded up $0.28 during mid-day trading on Thursday, reaching $47.41. 881,839 shares of the stock were exchanged, compared to its average volume of 1,139,839. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.82 and a current ratio of 1.43. The stock has a market capitalization of $5.66 billion, a PE ratio of 16.96, a PEG ratio of 1.02 and a beta of 1.41. Olin has a 1-year low of $39.47 and a 1-year high of $60.60. The business's fifty day simple moving average is $44.21 and its 200 day simple moving average is $48.80.

Olin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 8th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Thursday, August 8th. Olin's dividend payout ratio is presently 28.78%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Olin from $57.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, July 29th. JPMorgan Chase & Co. raised shares of Olin from a "neutral" rating to an "overweight" rating and set a $55.00 target price for the company in a research note on Monday, July 29th. Bank of America lowered shares of Olin from a "buy" rating to a "neutral" rating and reduced their target price for the company from $62.00 to $51.00 in a research note on Monday, July 29th. The Goldman Sachs Group dropped their price target on shares of Olin from $55.00 to $49.00 and set a "neutral" rating on the stock in a research report on Monday, July 29th. Finally, BMO Capital Markets assumed coverage on shares of Olin in a report on Tuesday, September 3rd. They issued a "market perform" rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $52.40.

About Olin

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. 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, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.