Olin (OLN) Stock Price, News & Analysis

Company Overview

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. The Epoxy segment provides Allylics, such as allyl chloride, epichlorohydrin, and glycerin; aromatics, including acetone, bisphenol, cumene, and phenol; liquid and solid epoxy resins; and converted epoxy resins and additives. The Winchester segment offers sporting ammunition products, including shotshells, small caliber centerfire, and rimfire ammunition products for hunters and recreational shooters, and law enforcement agencies; small caliber military ammunition products for use in infantry and mounted weapons; and industrial products comprising gauge loads and powder-actuated tool loads for maintenance applications in power and concrete industries, and powder-actuated tools in construction industry. The company markets its products through its sales force, as well as directly to various industrial customers, mass merchants, retailers, wholesalers, gun clubs, other distributors, and the U.S. Government and its prime contractors. Olin Corporation was incorporated in 1892 and is based in Clayton, Missouri.

Key Stats

• Today's Range: $33.32 to $34.27
• 50-Day Range: $33.43 to $47.53
• 52-Week Range: $33.32 to $60.60
• Volume: 6.02 million shs
• Average Volume: 1.26 million shs
• Market Capitalization: $3.90 billion
• P/E Ratio: 26.98
• Dividend Yield: 2.39%
• Price Target: $50.14
• Consensus Rating: Hold

Olin Stock Analysis - MarketRank™

Olin scored higher than 99% of companies evaluated by MarketBeat, and ranked 8th out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Olin has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 6 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Olin has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 162.73%

Earnings Growth

Earnings for Olin are expected to grow by 162.73% in the coming year, from $1.10 to $2.89 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Olin is 26.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Olin is 26.98, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 112.35.

Price to Earnings Growth Ratio

Olin has a PEG Ratio of 1.51. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Olin has a P/B Ratio of 1.81. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.14% of the float of Olin has been sold short.

Short Interest Ratio / Days to Cover

Olin has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Olin has recently decreased by 12.01%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Olin pays a meaningful dividend of 2.39%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Olin does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Olin is 64.52%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Olin will have a dividend payout ratio of 27.68% next year. This indicates that Olin will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.58

Percentage of Shares Shorted

2.14% of the float of Olin has been sold short.

Short Interest Ratio / Days to Cover

Olin has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Olin has recently decreased by 12.01%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.08

News Sentiment

Olin has a news sentiment score of 0.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.48 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Olin this week, compared to 7 articles on an average week.

Search Interest

Only 1 people have searched for OLN on MarketBeat in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

MarketBeat Follows

7 people have added Olin to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Olin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $459,375.00 in company stock.

Percentage Held by Insiders

Only 1.60% of the stock of Olin is held by insiders.

Percentage Held by Institutions

88.67% of the stock of Olin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OLN Stock Analysis - Frequently Asked Questions

How have OLN shares performed this year?

Olin's stock was trading at $53.95 at the beginning of 2024. Since then, OLN stock has decreased by 38.0% and is now trading at $33.45.
View the best growth stocks for 2024 here.

How were Olin's earnings last quarter?

Olin Co. (NYSE:OLN) posted its quarterly earnings data on Thursday, July, 25th. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.08. Olin's quarterly revenue was down 3.5% on a year-over-year basis.

Is Olin buying back stock?

Olin's board approved a share repurchase program on Thursday, December 12th 2024, which authorizes the company to buy back $2,000,000,000 in shares, according to EventVestor. This means that the company could buy up to 45% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Who are Olin's major shareholders?

Top institutional investors of Olin include FMR LLC (8.36%), Hotchkis & Wiley Capital Management LLC (7.58%), State Street Corp (4.06%) and Yacktman Asset Management LP (3.33%). Insiders that own company stock include Scott D Ferguson, Todd A Slater, Scott Mcdougald Sutton, Damian Gumpel, R Nichole Sumner, Valerie A Peters, James A Varilek, Brett A Flaugher, Heidi S Alderman and C Robert Bunch.
View institutional ownership trends.

How do I buy shares of Olin?

Shares of OLN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Olin own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Olin investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), AUO (AUOTY) and DiamondRock Hospitality (DRH).

Company Calendar

• Last Earnings: 7/25/2024
• Ex-Dividend for 12/13 Dividend: 11/14/2024
• Dividend Payable: 12/13/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Chemicals & allied products
• Sub-Industry: Diversified Chemicals
• Current Symbol: NYSE:OLN
• CUSIP: 68066520
• CIK: 74303
• Web: www.olin.com
• Phone: (844) 238-3445
• Fax: N/A
• Employees: 7,326
• Year Founded: 1892

Price Target and Rating

• Average Stock Price Target: $50.14
• High Stock Price Target: $69.00
• Low Stock Price Target: $43.00
• Potential Upside/Downside: +49.9%
• Consensus Rating: Hold
• Rating Score (0-4): 2.43
• Research Coverage: 14 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.24
• Trailing P/E Ratio: 26.98
• Forward P/E Ratio: 30.41
• P/E Growth: 1.51
• Net Income: $460.20 million
• Net Margins: 2.33%
• Pretax Margin: 2.96%
• Return on Equity: 6.19%
• Return on Assets: 1.77%

Debt

• Debt-to-Equity Ratio: 1.32
• Current Ratio: 1.40
• Quick Ratio: 0.82

Sales & Book Value

• Annual Sales: $6.48 billion
• Price / Sales: 0.60
• Cash Flow: $7.15 per share
• Price / Cash Flow: 4.68
• Book Value: $18.51 per share
• Price / Book: 1.81

Miscellaneous

• Outstanding Shares: 116,596,000
• Free Float: 114,730,000
• Market Cap: $3.90 billion
• Optionable: Optionable
• Beta: 1.43