Olin Corporation (OLN) Receiving Somewhat Favorable Press Coverage, Analysis Shows
Media coverage about Olin Corporation (NYSE:OLN) has trended somewhat positive on Saturday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news 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 media sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the specialty chemicals company an impact score of 45.8591293533805 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s analysis:
- Olin Co. (OLN) Expected to Announce Quarterly Sales of $1.63 Billion (americanbankingnews.com)
- 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)
Shares of Olin Corporation (OLN) opened at 30.61 on Friday. The stock has a 50 day moving average price of $30.59 and a 200 day moving average price of $30.94. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of 119.11 and a beta of 1.40. Olin Corporation has a 1-year low of $18.24 and a 1-year high of $33.88.
Olin Corporation (NYSE:OLN) last posted its quarterly earnings data on Monday, July 31st. The specialty chemicals company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.15. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Olin Corporation had a return on equity of 5.80% and a net margin of 0.72%. Olin Corporation’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. On average, equities analysts anticipate that Olin Corporation will post $1.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 10th will be given a $0.20 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. Olin Corporation’s dividend payout ratio (DPR) is presently 320.00%.
A number of equities analysts recently commented on OLN shares. Cowen and Company reissued an “outperform” rating and set a $39.00 price target (up from $37.00) on shares of Olin Corporation in a research note on Thursday, June 22nd. BidaskClub raised Olin Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. Royal Bank Of Canada reissued a “buy” rating and set a $35.00 price target on shares of Olin Corporation in a research note on Tuesday, May 16th. Tudor Pickering started coverage on Olin Corporation in a research note on Friday, May 12th. They set a “buy” rating and a $37.00 price target for the company. Finally, UBS AG reissued a “neutral” rating and set a $30.00 price target (down from $33.00) on shares of Olin Corporation in a research note on Sunday, June 25th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $35.00.
In other news, VP Stephen C. Curley sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $30.34, for a total value of $151,700.00. Following the completion of the sale, the vice president now directly owns 23,837 shares in the company, valued at $723,214.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John L. Mcintosh sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $31.54, for a total value of $756,960.00. Following the completion of the sale, the executive vice president now owns 84,391 shares of the company’s stock, valued at $2,661,692.14. The disclosure for this sale can be found here. Insiders sold 45,070 shares of company stock valued at $1,407,151 over the last 90 days. Company insiders own 2.90% of the company’s stock.
About Olin Corporation
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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