Somewhat Positive News Coverage Somewhat Unlikely to Impact Olin Corporation (OLN) Stock Price
Press coverage about Olin Corporation (NYSE:OLN) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Olin Corporation earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the specialty chemicals company an impact score of 45.9760458951587 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Behind Olin’s Dividend and Free Cash Flow in 3Q17 (finance.yahoo.com)
- Olin Corporation (OLN) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- Olin Corporation (NYSE:OLN) Closed Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
- High Money Making Stock: Olin Corporation (OLN) along 2.48% Dividend Yield – Voice Of Analysts (analystsbuzz.com)
- What the Chart Means for Olin Corporation (OLN) – Economic News (economicsandmoney.com)
Several equities research analysts have commented on the stock. Cowen and Company set a $39.00 price target on shares of Olin Corporation and gave the stock a “buy” rating in a research report on Friday, July 28th. BidaskClub upgraded shares of Olin Corporation from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Royal Bank Of Canada reiterated a “buy” rating and issued a $35.00 price target on shares of Olin Corporation in a research report on Tuesday, May 16th. Tudor Pickering assumed coverage on shares of Olin Corporation in a research report on Friday, May 12th. They issued a “buy” rating and a $37.00 price target on the stock. Finally, Bank of America Corporation assumed coverage on shares of Olin Corporation in a research report on Monday, May 8th. They issued a “buy” rating and a $40.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Olin Corporation has a consensus rating of “Hold” and an average target price of $32.75.
Shares of Olin Corporation (NYSE OLN) opened at 32.03 on Friday. Olin Corporation has a 12 month low of $18.24 and a 12 month high of $33.88. The company has a market capitalization of $5.33 billion, a PE ratio of 124.63 and a beta of 1.40. The firm has a 50-day moving average of $30.61 and a 200 day moving average of $30.92.
Olin Corporation (NYSE:OLN) last posted its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.15. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. Olin Corporation had a net margin of 0.72% and a return on equity of 5.80%. Olin Corporation’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 EPS. On average, equities research analysts expect that Olin Corporation will post $1.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Thursday, August 10th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, August 8th. Olin Corporation’s dividend payout ratio is 320.00%.
In other Olin Corporation news, EVP John L. Mcintosh sold 16,070 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $31.02, for a total value of $498,491.40. Following the transaction, the executive vice president now owns 60,391 shares of the company’s stock, valued at $1,873,328.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Stephen C. Curley sold 5,000 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $30.34, for a total value of $151,700.00. Following the completion of the transaction, the vice president now directly owns 23,837 shares in the company, valued at approximately $723,214.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,070 shares of company stock worth $1,407,151. 2.90% of the stock is owned by company insiders.
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Olin Corporation Company Profile
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.
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