Orion S.A. (NYSE:OEC) Plans Quarterly Dividend of $0.02

Orion S.A. (NYSE:OEC - Get Free Report) declared a quarterly dividend on Thursday, February 27th, Wall Street Journal reports. Investors of record on Thursday, March 13th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Friday, April 4th. This represents a $0.08 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, March 13th.

Orion has a dividend payout ratio of 3.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.8%.

Orion Trading Down 5.8 %

Orion stock traded down $0.82 during trading hours on Monday, reaching $13.17. 729,735 shares of the company's stock were exchanged, compared to its average volume of 507,338. The firm's 50 day simple moving average is $14.73 and its 200 day simple moving average is $16.29. Orion has a twelve month low of $13.06 and a twelve month high of $26.05. 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 firm has a market capitalization of $745.85 million, a PE ratio of 17.55 and a beta of 1.50.

Orion (NYSE:OEC - Get Free Report) last announced its earnings results on Wednesday, February 19th. The specialty chemicals company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.25 by $0.10. The company had revenue of $434.20 million for 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%. Research analysts predict that Orion will post 1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on OEC shares. JPMorgan Chase & Co. lowered their price objective on shares of Orion from $21.00 to $18.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. UBS Group reduced their price target on shares of Orion from $23.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, February 20th.

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.