Orion S.A. (NYSE:OEC) Declares $0.02 Quarterly Dividend

Orion S.A. (NYSE:OEC - Get Free Report) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Tuesday, June 11th will be given a dividend of 0.021 per share by the specialty chemicals company on Tuesday, July 2nd. This represents a $0.08 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Tuesday, June 11th.

Orion has decreased its dividend by an average of 22.3% per year over the last three years. Orion has a payout ratio of 3.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.3%.

Orion Stock Performance

Shares of NYSE OEC traded up $0.09 during midday trading on Friday, hitting $23.72. 167,607 shares of the stock traded hands, compared to its average volume of 376,505. The firm has a 50-day moving average of $23.35 and a two-hundred day moving average of $23.38. The firm has a market capitalization of $1.37 billion, a P/E ratio of 13.71 and a beta of 1.64. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 1.47. Orion has a one year low of $19.32 and a one year high of $28.48.

Orion (NYSE:OEC - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). The firm had revenue of $468.20 million for the quarter, compared to the consensus estimate of $421.62 million. Orion had a net margin of 5.46% and a return on equity of 24.45%. Orion's quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.26 earnings per share. On average, equities analysts forecast that Orion will post 2.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on OEC shares. UBS Group decreased their target price on Orion from $33.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, January 11th. StockNews.com raised Orion from a "hold" rating to a "buy" rating in a report on Thursday, April 18th. Finally, Mizuho started coverage on Orion in a report on Wednesday, March 27th. They issued a "neutral" rating and a $25.00 target price on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Orion has an average rating of "Moderate Buy" and an average price target of $27.80.

About Orion

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.