ONEX (OTCMKTS:ONEXF) Announces Earnings Results

ONEX (OTCMKTS:ONEXF) posted its quarterly earnings results on Thursday. The company reported $1.71 earnings per share for the quarter, Zacks reports. ONEX had a return on equity of 6.51% and a net margin of 66.06%.The firm had revenue of $202.00 million for the quarter.

ONEX Stock Performance

Shares of ONEXF stock traded down $1.43 during midday trading on Friday, hitting $83.50. 250 shares of the company were exchanged, compared to its average volume of 10,723. The firm has a market capitalization of $6.37 billion, a P/E ratio of 10.10 and a beta of 1.18. The firm’s 50 day moving average price is $77.25 and its two-hundred day moving average price is $77.81. ONEX has a 52 week low of $69.26 and a 52 week high of $92.45.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of ONEX in a report on Friday. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of ONEX in a report on Friday. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ONEX Company Profile

Onex Corporation is a Toronto‐based investment firm specializing in private equity and credit strategies across a range of industries. The company raises capital through independently managed funds and deploys it in buyouts, recapitalizations and growth investments targeting companies with strong management teams and potential for operational improvement. Onex also manages a public markets platform that invests in publicly traded companies, employing a value‐oriented approach to create long‐term shareholder value.

Through its private equity arm, Onex Partners, the firm pursues transactions in sectors such as aerospace and defense, healthcare, financial services, industrial manufacturing and packaging.