Orion (NYSE:OEC) Issues FY 2024 Earnings Guidance

Orion (NYSE:OEC) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 2.050-2.200 for the period, compared to the consensus EPS estimate of 2.160. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group cut their price objective on Orion from $33.00 to $32.00 and set a buy rating on the stock in a research report on Thursday, January 11th. Mizuho lifted their price objective on Orion from $25.00 to $26.00 and gave the company a neutral rating in a research report on Friday. Finally, StockNews.com raised Orion from a hold rating to a buy rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Orion currently has an average rating of Moderate Buy and a consensus target price of $28.00.

Orion Price Performance

OEC stock opened at $23.60 on Monday. Orion has a 52-week low of $19.32 and a 52-week high of $28.48. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.95 and a beta of 1.62. The firm has a 50 day moving average price of $23.41 and a 200-day moving average price of $23.50. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.85 and a current ratio of 1.45.

Orion (NYSE:OEC) last announced its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.11). Orion had a return on equity of 21.07% and a net margin of 4.64%. The firm had revenue of $502.90 million during the quarter, compared to analysts’ expectations of $506.38 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. Orion’s revenue was up .4% on a year-over-year basis. Equities research analysts forecast that Orion will post 2.15 EPS for the current fiscal year.

Orion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 11th will be issued a $0.021 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.36%. Orion’s payout ratio is currently 5.41%.

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.