Olin (OLN) Set to Announce Quarterly Earnings on Thursday

Olin (NYSE:OLN) will post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Olin to post earnings of $0.03 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Olin (NYSE:OLN) last announced its earnings results on Thursday, July 25th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.08). The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.71 billion. Olin had a return on equity of 11.73% and a net margin of 4.26%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.13 earnings per share. On average, analysts expect Olin to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Olin Stock Up 0.1 %

OLN stock opened at $45.76 on Wednesday. The business has a 50-day moving average of $44.66 and a 200-day moving average of $48.37. Olin has a fifty-two week low of $39.47 and a fifty-two week high of $60.60. The stock has a market capitalization of $5.38 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.15 and a beta of 1.41. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.43 and a quick ratio of 0.82.

Wall Street Analysts Forecast Growth

OLN has been the topic of a number of research analyst reports. Piper Sandler dropped their target price on shares of Olin from $75.00 to $57.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. UBS Group lowered their price objective on Olin from $59.00 to $51.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. The Goldman Sachs Group lowered their target price on Olin from $55.00 to $49.00 and set a “neutral” rating for the company in a research note on Monday, July 29th. Royal Bank of Canada reduced their price objective on Olin from $61.00 to $52.00 and set an “outperform” rating on the stock in a research report on Monday, July 29th. Finally, JPMorgan Chase & Co. upgraded Olin from a “neutral” rating to an “overweight” rating and set a $55.00 price objective for the company in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Olin currently has a consensus rating of “Hold” and a consensus target price of $52.40.

About Olin

Olin Corporation manufactures and distributes chemical products in the United States, Europe, Asia Pacific, Latin America, and Canada. 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, hydrochloric acid, hydrogen, bleach products, potassium hydroxide, and chlorinated organics intermediates and solvents.