Oil-Dri Corporation Of America (NYSE:ODC) Releases Earnings Results

Oil-Dri Corporation Of America (NYSE:ODC) released its quarterly earnings data on Thursday. The specialty chemicals company reported $1.00 earnings per share (EPS) for the quarter, FiscalAI reports. Oil-Dri Corporation Of America had a net margin of 11.35% and a return on equity of 20.53%. The company had revenue of $129.29 million for the quarter.

Oil-Dri Corporation Of America Price Performance

ODC opened at $84.31 on Friday. Oil-Dri Corporation Of America has a 1 year low of $45.61 and a 1 year high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.28 and a quick ratio of 2.40. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 21.67 and a beta of 0.76. The firm’s fifty day moving average price is $90.23 and its two-hundred day moving average price is $85.98.

Oil-Dri Corporation Of America Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.2250 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, November 6th. Oil-Dri Corporation Of America’s payout ratio is currently 23.14%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in Oil-Dri Corporation Of America in the 2nd quarter valued at about $244,000. Arizona State Retirement System purchased a new position in shares of Oil-Dri Corporation Of America in the 2nd quarter worth approximately $246,000. HighTower Advisors LLC boosted its stake in shares of Oil-Dri Corporation Of America by 5.0% in the 2nd quarter. HighTower Advisors LLC now owns 3,847 shares of the specialty chemicals company’s stock worth $393,000 after buying an additional 184 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of Oil-Dri Corporation Of America by 69.5% in the second quarter. Susquehanna International Group LLP now owns 6,550 shares of the specialty chemicals company’s stock valued at $669,000 after acquiring an additional 2,686 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in shares of Oil-Dri Corporation Of America by 2.2% in the second quarter. Sheets Smith Wealth Management now owns 8,911 shares of the specialty chemicals company’s stock valued at $911,000 after acquiring an additional 195 shares in the last quarter. 49.01% of the stock is owned by institutional investors.

Key Oil-Dri Corporation Of America News

Here are the key news stories impacting Oil-Dri Corporation Of America this week:

• Positive Sentiment: Oil-Dri reported fiscal fourth-quarter revenue of $129.29 million and earnings of $1.00 per share. The company described the period as its highest-ever quarterly sales performance, while also highlighting record annual financial results and historic cash generation. Oil-Dri: Fiscal Q4 Earnings Snapshot Oil-Dri Delivers Record Annual Financial Results
• Positive Sentiment: The specialty chemicals company’s reported net margin was 11.35%, with return on equity of 20.53%, supporting the view that profitability and capital efficiency remain solid. Oil-Dri Fiscal Q4 Earnings, Revenue Rise
• Positive Sentiment: Oil-Dri declared a quarterly dividend of $0.225 per share, payable November 20 to shareholders of record November 6. The dividend implies an annualized payout of $0.90 and a yield of approximately 1%. Oil-Dri Declares Quarterly Dividends
• Neutral Sentiment: The board appointed Anthony W. Parker, the company’s vice president, general counsel and secretary, as an executive officer. The move is an internal leadership update with no disclosed change to strategy. Oil-Dri Board Appoints Anthony W. Parker
• Neutral Sentiment: Oil-Dri entered amendments to its credit and note-purchase agreements. The filings indicate financing arrangements were updated, but the available report does not identify a material change to leverage or liquidity. Oil-Dri Financing Agreement Amendments

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Oil-Dri Corporation Of America Company Profile

Oil-Dri Corporation of America develops, manufactures and markets mineral-based products designed to absorb, filter and control liquids and odors. The company serves consumer, industrial, agricultural and specialty markets, using products such as fuller’s earth and other absorbent minerals in a range of applications.

Its consumer products include cat litter and related animal-care products sold under brands such as Cat’s Pride and Jonny Cat. Oil-Dri also supplies absorbent products for industrial and commercial uses, including spill cleanup, oil and grease absorption, moisture control, filtration, sports-field maintenance and other specialized applications.

Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois.