ONEX (OTCMKTS:ONEXF) Posts 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 quarterly earnings results on Thursday. The company reported $3.30 EPS for the quarter, Zacks reports. The business had revenue of $325.00 million during the quarter. ONEX had a net margin of 61.92% and a return on equity of 6.14%.

ONEX Price Performance

OTCMKTS ONEXF traded up $1.54 during trading hours on Wednesday, reaching $82.39. The company's stock had a trading volume of 5,572 shares, compared to its average volume of 8,418. The company's 50-day moving average is $81.01 and its two-hundred day moving average is $74.84. ONEX has a 1-year low of $60.72 and a 1-year high of $85.07. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 11.26 and a beta of 1.35.

ONEX Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a $0.0718 dividend. This is a boost from ONEX's previous dividend of $0.07. The ex-dividend date of this dividend was Thursday, July 10th. This represents a dividend yield of 35.0%. ONEX's payout ratio is presently 3.96%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ONEXF. TD Securities restated a "buy" rating on shares of ONEX in a research note on Friday. Scotiabank reiterated an "outperform" rating on shares of ONEX in a research report on Thursday, April 24th.

ONEX Company Profile

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.