Onex (OTCMKTS:ONEXF) Announces Quarterly Earnings Results

Onex (OTCMKTS:ONEXF) posted its earnings results on Friday. The company reported ($0.02) EPS for the quarter, Zacks reports. Onex had a return on equity of 7.94% and a net margin of 68.14%.

Onex Price Performance

ONEXF stock remained flat at $77.60 during mid-day trading on Friday. The company’s stock had a trading volume of 7,569 shares, compared to its average volume of 11,400. The firm has a market capitalization of $5.75 billion, a P/E ratio of 8.81 and a beta of 1.55. The firm has a 50-day moving average of $78.25 and a 200 day moving average of $74.40. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.01. Onex has a 52 week low of $61.24 and a 52 week high of $85.07.

Onex Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 13th were given a dividend of $0.0721 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a yield of 0.37%. Onex’s dividend payout ratio is currently 3.18%.

Analyst Upgrades and Downgrades

Separately, TD Securities upgraded Onex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

Onex Company Profile

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.