Orion Engineered Carbons SA to Post FY2016 Earnings of $1.40 Per Share, Northcoast Research Forecasts (OEC)
Orion Engineered Carbons SA (NYSE:OEC) – Equities researchers at Northcoast Research decreased their FY2016 earnings per share (EPS) estimates for shares of Orion Engineered Carbons SA in a research note issued to investors on Monday. Northcoast Research analyst K. Hocevar now anticipates that the brokerage will earn $1.40 per share for the year, down from their prior forecast of $1.42.
Other analysts also recently issued research reports about the company. Zacks Investment Research raised Orion Engineered Carbons SA from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, October 12th. JPMorgan Chase & Co. lifted their target price on Orion Engineered Carbons SA from $19.00 to $20.00 and gave the company an “overweight” rating in a research note on Monday, August 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.00.
Shares of Orion Engineered Carbons SA (NYSE:OEC) opened at 19.40 on Thursday. Orion Engineered Carbons SA has a 1-year low of $9.69 and a 1-year high of $20.30. The company’s 50 day moving average price is $18.67 and its 200-day moving average price is $17.00. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 37.96 and a beta of 0.54.
Orion Engineered Carbons SA (NYSE:OEC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $259.70 million for the quarter, compared to analyst estimates of $284.62 million. Orion Engineered Carbons SA had a return on equity of 141.37% and a net margin of 2.73%. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share.
Hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. increased its stake in Orion Engineered Carbons SA by 85.5% in the third quarter. Sit Investment Associates Inc. now owns 7,375 shares of the company’s stock worth $138,000 after buying an additional 3,400 shares in the last quarter. Advisors Asset Management Inc. increased its stake in Orion Engineered Carbons SA by 3,178.3% in the third quarter. Advisors Asset Management Inc. now owns 9,671 shares of the company’s stock worth $181,000 after buying an additional 9,376 shares in the last quarter. Northern Trust Corp purchased a new stake in Orion Engineered Carbons SA during the third quarter worth approximately $189,000. Numeric Investors LLC purchased a new stake in Orion Engineered Carbons SA during the second quarter worth approximately $192,000. Finally, Bank of New York Mellon Corp purchased a new stake in Orion Engineered Carbons SA during the third quarter worth approximately $507,000. 29.20% of the stock is currently owned by institutional investors.
Orion Engineered Carbons SA Company Profile
Orion Engineered Carbons SA is a producer of carbon black. The Company conducts its operations through two segments: the Specialty Carbon Black segment and the Rubber Carbon Black segment. The Specialty Carbon Black segment is engaged in the production of specialty black carbon. The Rubber Carbon Black segment is involved in the production of rubber carbon black.
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