Somewhat Positive Press Coverage Somewhat Unlikely to Affect Olin Corporation (OLN) Share Price
Headlines about Olin Corporation (NYSE:OLN) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Olin Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the specialty chemicals company an impact score of 45.7535140006188 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern’s scoring:
- Olin Corporation (NYSE:OLN) – P/E Ratio in Focus – Nasdaq Journal (press release) (nasdaqjournal.com)
- Olin Corporation (NYSE: OLN) – Glowing Stock’s Review – Alpha Beta Stock (alphabetastock.com)
- January 2018 Options Now Available For Olin (OLN) – Nasdaq (nasdaq.com)
- [$$] Compliance Officers Want To Use Data to Measure Programs (finance.yahoo.com)
- Olin Corporation (OLN) Expected to Announce Quarterly Sales of $1.54 Billion (americanbankingnews.com)
A number of equities research analysts have recently issued reports on the stock. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $46.00 target price on shares of Olin Corporation in a report on Monday, November 6th. BidaskClub raised shares of Olin Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Cowen and Company set a $39.00 target price on shares of Olin Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. Citigroup Inc. assumed coverage on shares of Olin Corporation in a report on Wednesday, September 27th. They set a “buy” rating and a $39.00 target price for the company. Finally, TheStreet raised shares of Olin Corporation from a “c+” rating to a “b” rating in a report on Tuesday, October 31st. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $37.13.
Shares of Olin Corporation (OLN) traded down $0.23 during mid-day trading on Thursday, hitting $36.92. 958,100 shares of the stock traded hands, compared to its average volume of 2,136,761. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.03 and a current ratio of 1.72. The firm has a market cap of $6,110.00, a PE ratio of 45.86, a price-to-earnings-growth ratio of 4.13 and a beta of 1.41. Olin Corporation has a 1 year low of $24.92 and a 1 year high of $37.52.
Olin Corporation (NYSE:OLN) last announced its quarterly earnings results on Monday, October 30th. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. Olin Corporation had a net margin of 1.29% and a return on equity of 6.05%. The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. analysts expect that Olin Corporation will post 0.93 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 10th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.17%. Olin Corporation’s payout ratio is 173.91%.
In other news, SVP John Maurice Sampson sold 3,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $36.58, for a total transaction of $109,740.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Dolores J. Ennico sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $36.80, for a total transaction of $552,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 75,083 shares of company stock worth $2,741,284. Corporate insiders own 2.90% of the company’s stock.
About Olin Corporation
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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