Oil-Dri Co. of America (ODC) Receiving Somewhat Favorable Press Coverage, Study Shows
News coverage about Oil-Dri Co. of America (NYSE:ODC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oil-Dri Co. of America earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 46.7358936525071 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Oil-Dri Co. of America traded down $0.12, reaching $46.24, during mid-day trading on Wednesday, according to MarketBeat Ratings. 10,159 shares of the stock were exchanged, compared to its average volume of 10,653. Oil-Dri Co. of America has a 1 year low of $35.42 and a 1 year high of $50.82. The company has a market capitalization of $330.37 million, a PE ratio of 28.06 and a beta of 0.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.78 and a current ratio of 2.44.
Oil-Dri Co. of America (NYSE:ODC) last announced its quarterly earnings results on Friday, June 8th. The specialty chemicals company reported $0.48 earnings per share (EPS) for the quarter. Oil-Dri Co. of America had a net margin of 2.58% and a return on equity of 9.39%. The firm had revenue of $64.85 million for the quarter.
Oil-Dri Co. of America announced that its Board of Directors has initiated a share buyback program on Wednesday, March 21st that permits the company to buyback 300,000 outstanding shares. This buyback authorization permits the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
Separately, TheStreet downgraded shares of Oil-Dri Co. of America from a “b” rating to a “c+” rating in a report on Tuesday, March 27th.
In other news, Director Allan H. Selig purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, June 12th. The shares were purchased at an average cost of $42.08 per share, with a total value of $42,080.00. Following the completion of the acquisition, the director now owns 34,000 shares of the company’s stock, valued at approximately $1,430,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.98% of the company’s stock.
About Oil-Dri Co. of America
Oil-Dri Corporation of America develops, manufactures, and markets sorbent products in the United States and internationally. It provides agricultural and horticultural products, including functional granules and powders for crop protection chemical carriers, drying agents, and growing media under the Agsorb, Verge, Flo-Fre, and Terra-Green brand names.
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