Olin (OLN) Scheduled to Post Earnings on Thursday

Olin (NYSE:OLN - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Olin (NYSE:OLN - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.10. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.50 billion. Olin had a return on equity of 18.44% and a net margin of 6.74%. On average, analysts expect Olin to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Olin Stock Performance

Shares of OLN stock traded down $0.02 during mid-day trading on Thursday, reaching $53.16. The stock had a trading volume of 699,947 shares, compared to its average volume of 1,032,590. The business's fifty day moving average is $55.39 and its 200-day moving average is $51.38. The company has a current ratio of 1.29, a quick ratio of 0.73 and a debt-to-equity ratio of 1.14. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.29 and a beta of 1.44. Olin has a 1-year low of $41.71 and a 1-year high of $60.60.

Olin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, March 7th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Wednesday, March 6th. Olin's dividend payout ratio is presently 22.60%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. KeyCorp upped their target price on Olin from $66.00 to $78.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 9th. Stifel Nicolaus upped their target price on Olin from $65.00 to $66.00 and gave the stock a "buy" rating in a research note on Monday, January 29th. Royal Bank of Canada upped their target price on Olin from $58.00 to $64.00 and gave the stock an "outperform" rating in a research note on Monday, January 29th. Barclays upped their target price on Olin from $57.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 4th. Finally, Citigroup increased their price target on Olin from $63.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Olin presently has an average rating of "Hold" and a consensus target price of $59.00.

Insider Transactions at Olin

In other news, CEO Scott Mcdougald Sutton sold 48,896 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $52.39, for a total transaction of $2,561,661.44. Following the completion of the transaction, the chief executive officer now directly owns 90,327 shares in the company, valued at $4,732,231.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Olin news, CEO Scott Mcdougald Sutton sold 48,896 shares of Olin stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $52.39, for a total transaction of $2,561,661.44. Following the completion of the sale, the chief executive officer now directly owns 90,327 shares of the company's stock, valued at approximately $4,732,231.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd A. Slater sold 63,250 shares of Olin stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $54.15, for a total value of $3,424,987.50. Following the sale, the chief financial officer now directly owns 137,517 shares of the company's stock, valued at $7,446,545.55. The disclosure for this sale can be found here. Insiders sold a total of 753,274 shares of company stock worth $40,434,124 over the last ninety days. Company insiders own 1.60% of the company's stock.

Institutional Trading of Olin

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Olin in the 4th quarter valued at about $67,494,000. First Trust Advisors LP increased its position in Olin by 120.8% in the 1st quarter. First Trust Advisors LP now owns 1,390,662 shares of the specialty chemicals company's stock valued at $72,704,000 after acquiring an additional 760,691 shares during the period. Renaissance Technologies LLC increased its position in Olin by 105.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,015,700 shares of the specialty chemicals company's stock valued at $53,101,000 after acquiring an additional 521,300 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Olin by 123.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 923,879 shares of the specialty chemicals company's stock valued at $51,275,000 after acquiring an additional 511,098 shares during the period. Finally, Vanguard Group Inc. increased its position in Olin by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 15,867,281 shares of the specialty chemicals company's stock valued at $829,542,000 after acquiring an additional 493,052 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.