ONEX (OTCMKTS:ONEXF – Get Free Report) announced its quarterly earnings results on Friday. The company reported $1.28 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.33), Zacks reports. ONEX had a net margin of 63.83% and a return on equity of 5.24%. The company had revenue of $155.00 million during the quarter.
ONEX Price Performance
ONEXF stock traded up $1.02 during midday trading on Friday, hitting $75.94. The company’s stock had a trading volume of 6,092 shares, compared to its average volume of 11,874. ONEX has a twelve month low of $69.26 and a twelve month high of $86.40. The company’s fifty day moving average price is $75.45 and its 200 day moving average price is $77.50. The stock has a market capitalization of $5.79 billion, a P/E ratio of 11.37 and a beta of 1.25.
Wall Street Analysts Forecast Growth
ONEXF has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of ONEX in a report on Friday, August 14th. BMO Capital Markets assumed coverage on shares of ONEX in a research note on Thursday, October 1st. They issued an “outperform” rating for the company. Finally, Canadian Imperial Bank of Commerce upgraded ONEX from a “hold” rating to an “outperform” rating in a report on Thursday, October 22nd. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
Get Our Latest Stock Analysis on ONEX
ONEX Company Profile
Onex Corporation is a Canadian alternative asset manager focused on private equity and credit. The company manages investment strategies for institutional investors and other clients, and invests its own capital alongside them. Through its private equity business, Onex acquires and builds companies, while its credit platform provides financing and invests across a range of credit markets. Its investment activities span North America and Europe, with portfolio companies operating in multiple industries.
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