ONEX Corporation (OTCMKTS:ONEXF - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $86.82, but opened at $83.31. ONEX shares last traded at $83.63, with a volume of 2,302 shares.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Royal Bank Of Canada initiated coverage on ONEX in a research note on Wednesday, October 1st. They set a "hold" rating for the company. TD Securities reaffirmed a "buy" rating on shares of ONEX in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".
Check Out Our Latest Report on ONEX
ONEX Stock Performance
The business has a fifty day moving average of $85.62 and a 200-day moving average of $78.51. The firm has a market capitalization of $5.74 billion, a P/E ratio of 11.42 and a beta of 1.34.
ONEX (OTCMKTS:ONEXF - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $3.30 earnings per share (EPS) for the quarter. The company had revenue of $325.00 million during the quarter. ONEX had a net margin of 61.92% and a return on equity of 6.12%.
ONEX Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 13th will be paid a dividend of $0.0727 per share. The ex-dividend date is Friday, October 10th. This represents a dividend yield of 32.0%. This is a boost from ONEX's previous dividend of $0.07. ONEX's dividend payout ratio (DPR) is presently 3.96%.
About ONEX
(
Get Free Report)
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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