ONEX (OTCMKTS:ONEXF) Releases Earnings Results, Misses Estimates By $0.33 EPS

ONEX (OTCMKTS:ONEXF) posted its earnings results on Friday. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.33), Zacks reports. ONEX had a net margin of 63.83% and a return on equity of 5.24%.

ONEX Stock Up 1.4%

ONEXF stock traded up $1.02 during trading on Friday, hitting $75.94. The company had a trading volume of 2,291 shares, compared to its average volume of 11,327. The firm has a 50-day moving average price of $75.57 and a 200-day moving average price of $77.54. ONEX has a 12 month low of $69.26 and a 12 month high of $86.40. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 11.37 and a beta of 1.25.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ONEXF shares. BMO Capital Markets started coverage on ONEX in a report on Thursday, October 1st. They set an “outperform” rating for the company. Canadian Imperial Bank of Commerce raised ONEX from a “hold” rating to an “outperform” rating in a research note on Thursday, October 22nd. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of ONEX in a research note on Friday, August 14th. Two research 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.com, ONEX presently has an average rating of “Moderate Buy”.

ONEX Company Profile

Onex Corporation is a Canadian alternative asset manager focused on private equity and credit. The company manages investment strategies for institutional investors and other clients, and invests its own capital alongside them. Through its private equity business, Onex acquires and builds companies, while its credit platform provides financing and invests across a range of credit markets. Its investment activities span North America and Europe, with portfolio companies operating in multiple industries.