Oil-Dri Co. of America (NYSE:ODC) Issues Earnings Results

Oil-Dri Co. of America (NYSE:ODC) released its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.89 earnings per share for the quarter, Zacks reports. Oil-Dri Co. of America had a net margin of 9.92% and a return on equity of 21.84%.

Oil-Dri Co. of America Stock Up 0.0 %

Oil-Dri Co. of America stock traded up $0.01 on Tuesday, hitting $45.39. 55,116 shares of the stock traded hands, compared to its average volume of 39,553. Oil-Dri Co. of America has a 1 year low of $29.47 and a 1 year high of $48.00. The firm has a market cap of $662.50 million, a P/E ratio of 14.67 and a beta of 0.44. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $43.14 and its 200 day simple moving average is $27.70.

Oil-Dri Co. of America Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 21st were paid a $0.155 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $0.62 annualized dividend and a yield of 1.37%. Oil-Dri Co. of America’s payout ratio is 20.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research note on Friday, February 28th.

Insider Buying and Selling

In other Oil-Dri Co. of America news, VP Christopher B. Lamson sold 3,154 shares of Oil-Dri Co. of America stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the completion of the transaction, the vice president now owns 70,796 shares in the company, valued at approximately $3,026,529. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amy Ryan sold 2,100 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $41.78, for a total value of $87,738.00. Following the completion of the sale, the director now directly owns 3,900 shares in the company, valued at approximately $162,942. This represents a 35.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.66% of the stock is owned by company insiders.

About Oil-Dri Co. of America

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.