ONEX (OTCMKTS:ONEXF) Announces Quarterly Earnings Results

ONEX (OTCMKTS:ONEXF) announced its quarterly earnings results on Friday. The company reported $0.57 earnings per share for the quarter, Zacks reports. ONEX had a return on equity of 6.12% and a net margin of 61.92%.

ONEX Price Performance

Shares of ONEX stock traded down $3.02 during midday trading on Friday, hitting $82.87. The company had a trading volume of 3,286 shares, compared to its average volume of 12,252. ONEX has a 1-year low of $60.72 and a 1-year high of $92.45. The business’s 50 day simple moving average is $86.69 and its two-hundred day simple moving average is $81.37. The stock has a market cap of $5.69 billion, a PE ratio of 11.32 and a beta of 1.33.

ONEX Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 13th were given a $0.0727 dividend. This is a positive change from ONEX’s previous dividend of $0.07. This represents a dividend yield of 32.0%. The ex-dividend date of this dividend was Friday, October 10th. ONEX’s dividend payout ratio (DPR) is currently 3.96%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ONEXF. TD Securities reissued a “buy” rating on shares of ONEX in a research note on Friday, October 31st. Scotiabank reiterated an “outperform” rating on shares of ONEX in a report on Friday, October 31st. Finally, Royal Bank Of Canada began coverage on shares of ONEX in a research report on Wednesday, October 1st. They issued a “hold” rating on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, ONEX has a consensus rating of “Moderate Buy”.

About ONEX

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.