Orion (NYSE:OEC) Releases Earnings Results, Misses Estimates By $0.08 EPS

Orion (NYSE:OEC) issued its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08), FiscalAI reports. Orion had a negative net margin of 5.28% and a negative return on equity of 0.31%. The business had revenue of $472.80 million for the quarter, compared to analyst estimates of $445.99 million.

Orion Trading Up 6.6%

Shares of Orion stock traded up $0.36 during trading on Wednesday, hitting $5.87. The stock had a trading volume of 537,487 shares, compared to its average volume of 403,367. The business has a fifty day moving average of $5.76 and a two-hundred day moving average of $6.36. Orion has a fifty-two week low of $4.34 and a fifty-two week high of $8.64. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 1.72.

Orion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Stockholders of record on Friday, December 11th will be issued a $0.0207 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.08 annualized dividend and a dividend yield of 1.4%. Orion’s dividend payout ratio is -4.62%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OEC. Zacks Research upgraded shares of Orion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Orion from a “sell” rating to a “hold” rating in a research report on Sunday, August 9th. UBS Group dropped their price target on shares of Orion from $8.00 to $6.50 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Orion in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Orion has an average rating of “Strong Sell” and a consensus price target of $5.58.

Orion Company Profile

Orion SA, formerly known as Orion Engineered Carbons SA, is a global specialty chemicals company that develops, manufactures and sells carbon-based products. Its portfolio includes specialty carbon black, high-performance carbon black, conductive additives and other carbon materials used in a range of industrial and consumer applications.

The company’s products help provide color, conductivity, reinforcement, ultraviolet protection and other performance characteristics in products such as coatings, paints, printing inks, plastics, adhesives, sealants, batteries, tires and other rubber goods.