Orion (NYSE:OEC) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Orion (NYSE:OEC - Get Free Report) issued its quarterly earnings results on Thursday. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.11), Briefing.com reports. Orion had a return on equity of 21.25% and a net margin of 4.64%. The business had revenue of $502.90 million for the quarter, compared to analyst estimates of $506.38 million. During the same period in the prior year, the company posted $0.74 EPS. The firm's revenue for the quarter was up .4% compared to the same quarter last year.

Orion Trading Down 2.6 %

OEC traded down $0.64 during trading on Friday, hitting $23.60. The company's stock had a trading volume of 592,754 shares, compared to its average volume of 372,312. Orion has a twelve month low of $19.32 and a twelve month high of $28.48. The stock has a market cap of $1.38 billion, a PE ratio of 13.64 and a beta of 1.62. The firm's 50 day moving average price is $23.41 and its 200-day moving average price is $23.48. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.47 and a quick ratio of 0.82.

Orion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be paid a $0.021 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.08 annualized dividend and a yield of 0.36%. Orion's payout ratio is currently 4.62%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OEC shares. StockNews.com raised shares of Orion from a "hold" rating to a "buy" rating in a research report on Thursday, April 18th. UBS Group decreased their price target on Orion from $33.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, January 11th. Finally, Mizuho increased their target price on Orion from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Orion has an average rating of "Moderate Buy" and an average target price of $28.00.

Orion Company Profile

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.