Orion (NYSE:OEC – Get Free Report) announced its quarterly earnings data on Thursday. The specialty chemicals company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.18), Briefing.com reports. Orion had a net margin of 4.64% and a return on equity of 21.07%. The firm had revenue of $477.00 million during the quarter, compared to analyst estimates of $491.14 million. During the same period last year, the business posted $0.53 EPS. The company’s revenue was up 4.0% on a year-over-year basis. Orion updated its FY 2024 guidance to 1.750-1.950 EPS.
Orion Stock Performance
Orion stock traded down $5.18 during mid-day trading on Friday, reaching $17.86. 1,777,222 shares of the company’s stock were exchanged, compared to its average volume of 388,448. The firm has a market capitalization of $1.04 billion, a PE ratio of 12.07 and a beta of 1.53. The business’s fifty day simple moving average is $23.13 and its 200 day simple moving average is $23.39. The company has a quick ratio of 0.85, a current ratio of 1.45 and a debt-to-equity ratio of 1.36. Orion has a one year low of $17.13 and a one year high of $28.48.
Orion Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Monday, July 1st will be issued a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, July 1st. This represents a $0.08 dividend on an annualized basis and a yield of 0.46%. Orion’s dividend payout ratio (DPR) is currently 5.41%.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Orion
Insider Buying and Selling at Orion
In other Orion news, VP Sandra Niewiem sold 8,305 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $24.21, for a total value of $201,064.05. Following the sale, the vice president now directly owns 14,099 shares in the company, valued at $341,336.79. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, VP Carlos Quinones bought 4,000 shares of the stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $23.51 per share, for a total transaction of $94,040.00. Following the completion of the purchase, the vice president now directly owns 69,702 shares in the company, valued at approximately $1,638,694.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Sandra Niewiem sold 8,305 shares of Orion stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $24.21, for a total value of $201,064.05. Following the completion of the transaction, the vice president now owns 14,099 shares of the company’s stock, valued at $341,336.79. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.
Orion Company Profile
Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.
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