ONEX (OTCMKTS:ONEXF) Releases Earnings Results

Key Points

• ONEX reported earnings of $3.30 per share for the quarter, with a net margin of 61.92% and revenue of $325 million.
• The company announced an increased dividend of $0.0718 per share, representing a yield of 35.0%, up from the previous dividend of $0.07.
• Analysts from Scotiabank have maintained an "outperform" rating on ONEX shares following the earnings release.

ONEX (OTCMKTS:ONEXF - Get Free Report) posted its earnings results on Thursday. The company reported $3.30 earnings per share (EPS) for the quarter, Zacks reports. ONEX had a net margin of 61.92% and a return on equity of 6.14%. The company had revenue of $325.00 million during the quarter.

ONEX Stock Performance

Shares of ONEXF remained flat at $81.99 during trading hours on Friday. 1,064 shares of the company were exchanged, compared to its average volume of 9,131. ONEX has a 1-year low of $60.72 and a 1-year high of $85.07. The company's 50 day moving average is $80.73 and its 200-day moving average is $74.83. The company has a market cap of $5.78 billion, a P/E ratio of 11.20 and a beta of 1.35.

ONEX Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a $0.0718 dividend. The ex-dividend date was Thursday, July 10th. This represents a dividend yield of 35.0%. This is an increase from ONEX's previous dividend of $0.07. ONEX's dividend payout ratio is currently 4.67%.

Analysts Set New Price Targets

Separately, Scotiabank restated an "outperform" rating on shares of ONEX in a research report on Thursday, April 24th.

About ONEX

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.

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