Orion (NYSE:OEC) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Orion (NYSE:OEC - Get Free Report) announced its earnings results on Wednesday. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10, Zacks reports. The firm had revenue of $434.20 million during the quarter, compared to analyst estimates of $437.03 million. Orion had a return on equity of 20.94% and a net margin of 2.35%. Orion updated its FY 2025 guidance to 1.450-1.900 EPS.

Orion Stock Down 0.3 %

Shares of NYSE:OEC traded down $0.04 on Friday, hitting $15.11. 791,827 shares of the company traded hands, compared to its average volume of 426,951. The stock has a 50 day simple moving average of $14.91 and a 200-day simple moving average of $16.41. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. The company has a market cap of $872.03 million, a PE ratio of 20.14 and a beta of 1.50. Orion has a 52 week low of $13.32 and a 52 week high of $26.05.

Analysts Set New Price Targets

A number of analysts have recently commented on OEC shares. UBS Group dropped their target price on shares of Orion from $23.00 to $22.00 and set a "buy" rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of Orion from $21.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday.

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.