$0.08 EPS Expected for Olin Co. (NYSE:OLN) This Quarter

Analysts expect that Olin Co. (NYSE:OLN) will post $0.08 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Olin’s earnings, with the lowest EPS estimate coming in at ($0.11) and the highest estimate coming in at $0.17. Olin posted earnings of $0.32 per share during the same quarter last year, which would indicate a negative year over year growth rate of 75%. The company is scheduled to announce its next quarterly earnings results on Monday, February 3rd.

According to Zacks, analysts expect that Olin will report full year earnings of $0.82 per share for the current year, with EPS estimates ranging from $0.55 to $1.13. For the next year, analysts anticipate that the company will post earnings of $1.21 per share, with EPS estimates ranging from $0.43 to $2.16. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Olin.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. cut shares of Olin from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $19.00 to $18.00 in a research report on Thursday, October 17th. ValuEngine raised shares of Olin from a “hold” rating to a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Co assumed coverage on shares of Olin in a research report on Tuesday, October 15th. They issued a “market perform” rating and a $21.00 price objective for the company. SunTrust Banks cut shares of Olin from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research report on Monday, November 4th. Finally, Citigroup cut shares of Olin from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $24.00 to $19.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. Olin currently has a consensus rating of “Hold” and a consensus target price of $23.77.

In other news, Director Vince J. Smith bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was bought at an average price of $17.00 per share, with a total value of $85,000.00. Following the completion of the transaction, the director now directly owns 37,304 shares of the company’s stock, valued at approximately $634,168. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Mcdougald Sutton bought 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of $15.66 per share, with a total value of $234,900.00. Following the transaction, the director now directly owns 39,500 shares of the company’s stock, valued at $618,570. The disclosure for this purchase can be found here. Insiders have purchased 22,230 shares of company stock valued at $357,358 in the last three months. 1.90% of the stock is currently owned by corporate insiders.

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Large investors have recently bought and sold shares of the stock. Cerebellum GP LLC purchased a new stake in Olin during the third quarter valued at approximately $46,000. Stonebridge Capital Advisors LLC purchased a new stake in Olin during the second quarter valued at approximately $33,000. Bell Rock Capital LLC purchased a new stake in Olin during the second quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC purchased a new stake in Olin during the second quarter valued at approximately $35,000. Finally, Advisory Services Network LLC lifted its position in Olin by 59.1% during the second quarter. Advisory Services Network LLC now owns 2,053 shares of the specialty chemicals company’s stock valued at $45,000 after acquiring an additional 763 shares during the last quarter. 91.22% of the stock is owned by institutional investors.

Olin stock opened at $19.35 on Wednesday. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 2.00 and a beta of 1.59. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.64 and a quick ratio of 0.99. Olin has a 1 year low of $15.38 and a 1 year high of $27.32. The firm has a 50-day moving average of $18.52 and a two-hundred day moving average of $19.76.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 12th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.80 dividend on an annualized basis and a yield of 4.13%. Olin’s payout ratio is 45.71%.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States and internationally. 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, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.The Epoxy segment provides allyl chloride and epichlorohydrin, as well as acetone, bisphenol, cumene, and phenol for use in resins and other plastic materials, water purification, and pesticides, as well as for the manufacturers of polymers; liquid and solid epoxy resins that are used in adhesives, paints and coatings, composites, and flooring; and differentiated epoxy resins for use in electrical laminates, paints and coatings, wind blades, electronics, and construction, as well as offers additives.

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Earnings History and Estimates for Olin (NYSE:OLN)

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