Somewhat Positive News Coverage Somewhat Unlikely to Impact Olin (OLN) Share Price
News headlines about Olin (NYSE:OLN) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Olin earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned media stories about the specialty chemicals company an impact score of 45.7881472026834 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Moon Capital Management LP Cut Ford Mtr Co Del (F) Stake By $7.22 Million; American International Group Has … – Hill Country Times (hillcountrytimes.com)
- What’s Happening With These Specialty Chemicals Stocks? — Green Plains, PPG Industries, Olin, and Chemours – NB Herard (nbherard.com)
- Grupo Televisa, SAB (TV) Describing Technical Facts through Ratio Views- Olin Corporation (OLN) – Investing News Update (investingbizz.com)
- Onset Simplifies Weather Data Monitoring, Management, and Reporting with Latest Release of HOBOlink® Software (prweb.com)
- Royal Bank of Canada Reaffirms Buy Rating for Olin (OLN) (americanbankingnews.com)
A number of research firms have recently commented on OLN. Royal Bank of Canada restated a “buy” rating and set a $42.00 target price on shares of Olin in a research report on Thursday. SunTrust Banks restated a “buy” rating and set a $46.00 target price on shares of Olin in a research report on Monday, November 6th. TheStreet upgraded Olin from a “c+” rating to a “b” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded Olin from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Cowen restated an “outperform” rating and set a $42.00 target price (up from $39.00) on shares of Olin in a research report on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Olin has a consensus rating of “Buy” and an average price target of $38.00.
Olin (NYSE:OLN) last posted its quarterly earnings data on Monday, October 30th. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). Olin had a return on equity of 6.05% and a net margin of 1.29%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. equities research analysts expect that Olin will post 0.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 10th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.34%. The ex-dividend date of this dividend was Thursday, November 9th. Olin’s payout ratio is 177.78%.
In related news, VP Dolores J. Ennico sold 15,000 shares of Olin stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $36.80, for a total value of $552,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John E. Fischer sold 37,583 shares of Olin stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $36.80, for a total value of $1,383,054.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,083 shares of company stock worth $2,741,284. 2.90% of the stock is currently owned by insiders.
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Olin Company Profile
Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.
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