Oil-Dri Co. of America (NYSE:ODC) Releases Quarterly Earnings Results

Oil-Dri Co. of America (NYSE:ODC - Get Free Report) posted its quarterly earnings results on Thursday. The specialty chemicals company reported $0.80 EPS for the quarter, Zacks reports. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%. The company had revenue of $115.50 million for the quarter.

Oil-Dri Co. of America Price Performance

NYSE ODC traded up $3.97 during trading hours on Friday, reaching $54.86. The company's stock had a trading volume of 104,771 shares, compared to its average volume of 41,120. The firm's 50-day moving average price is $45.32 and its 200-day moving average price is $40.32. The company has a quick ratio of 1.61, a current ratio of 2.63 and a debt-to-equity ratio of 0.20. Oil-Dri Co. of America has a 1 year low of $29.47 and a 1 year high of $55.83. The company has a market capitalization of $800.68 million, a price-to-earnings ratio of 17.73 and a beta of 0.62.

Oil-Dri Co. of America Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 8th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 8th. This is a boost from Oil-Dri Co. of America's previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.31%. Oil-Dri Co. of America's payout ratio is currently 21.18%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Oil-Dri Co. of America from a "hold" rating to a "buy" rating in a report on Monday, April 28th.

Insider Buying and Selling

In related news, Director Ellen-Blair Chube sold 3,500 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $42.51, for a total value of $148,785.00. Following the transaction, the director now directly owns 11,820 shares of the company's stock, valued at approximately $502,468.20. The trade was a 22.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.66% of the stock is owned by insiders.

Institutional Trading of Oil-Dri Co. of America

Hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Oil-Dri Co. of America by 108.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,792 shares of the specialty chemicals company's stock worth $266,000 after acquiring an additional 3,010 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Oil-Dri Co. of America by 204.7% during the 1st quarter. Jane Street Group LLC now owns 19,498 shares of the specialty chemicals company's stock worth $895,000 after acquiring an additional 13,099 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Oil-Dri Co. of America by 79.0% during the 1st quarter. Royal Bank of Canada now owns 31,787 shares of the specialty chemicals company's stock worth $1,460,000 after acquiring an additional 14,030 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Oil-Dri Co. of America by 122.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,725 shares of the specialty chemicals company's stock worth $4,028,000 after acquiring an additional 48,309 shares in the last quarter. 49.01% of the stock is owned by hedge funds and other institutional investors.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.