Equities analysts forecast that Orion Engineered Carbons (NYSE:OEC) will announce earnings of $0.53 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Orion Engineered Carbons’ earnings. The highest EPS estimate is $0.57 and the lowest is $0.44. Orion Engineered Carbons posted earnings of $0.41 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 29.3%. The company is scheduled to report its next earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Orion Engineered Carbons will report full-year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $2.03 to $2.09. For the next financial year, analysts forecast that the company will post earnings of $2.34 per share, with EPS estimates ranging from $2.28 to $2.46. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Orion Engineered Carbons.
Orion Engineered Carbons (NYSE:OEC) last posted its quarterly earnings data on Thursday, February 22nd. The specialty chemicals company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. Orion Engineered Carbons had a net margin of 5.88% and a return on equity of 122.61%. The company had revenue of $339.76 million for the quarter.
OEC has been the topic of several research reports. Jefferies Group initiated coverage on shares of Orion Engineered Carbons in a report on Monday, January 22nd. They set a “buy” rating on the stock. UBS restated a “neutral” rating and set a $29.00 price objective (up previously from $23.00) on shares of Orion Engineered Carbons in a report on Friday, February 23rd. KeyCorp restated a “buy” rating and set a $33.00 price objective (up previously from $29.00) on shares of Orion Engineered Carbons in a report on Monday, February 26th. Northcoast Research set a $35.00 price objective on shares of Orion Engineered Carbons and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Zacks Investment Research upgraded shares of Orion Engineered Carbons from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Thursday, March 1st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $28.88.
Orion Engineered Carbons opened at $27.55 on Friday, MarketBeat.com reports. Orion Engineered Carbons has a 52-week low of $17.15 and a 52-week high of $30.25. The company has a current ratio of 1.89, a quick ratio of 1.34 and a debt-to-equity ratio of 6.75. The stock has a market cap of $1.64 billion, a PE ratio of 16.90 and a beta of 0.76.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 30th. Investors of record on Wednesday, June 20th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, June 19th. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. Orion Engineered Carbons’s payout ratio is currently 49.08%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Rovida Advisors Inc. increased its stake in Orion Engineered Carbons by 25.1% in the fourth quarter. Rovida Advisors Inc. now owns 3,515,059 shares of the specialty chemicals company’s stock valued at $89,986,000 after acquiring an additional 705,059 shares during the period. Victory Capital Management Inc. increased its stake in Orion Engineered Carbons by 14.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,091,701 shares of the specialty chemicals company’s stock valued at $79,148,000 after acquiring an additional 397,397 shares during the period. Zimmer Partners LP increased its stake in Orion Engineered Carbons by 509.0% in the fourth quarter. Zimmer Partners LP now owns 2,275,000 shares of the specialty chemicals company’s stock valued at $58,240,000 after acquiring an additional 1,901,424 shares during the period. Renaissance Technologies LLC increased its stake in Orion Engineered Carbons by 22.1% in the fourth quarter. Renaissance Technologies LLC now owns 2,182,600 shares of the specialty chemicals company’s stock valued at $55,875,000 after acquiring an additional 394,900 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Orion Engineered Carbons by 164.5% in the fourth quarter. Alliancebernstein L.P. now owns 1,716,178 shares of the specialty chemicals company’s stock valued at $43,934,000 after acquiring an additional 1,067,298 shares during the period. 89.57% of the stock is currently owned by institutional investors and hedge funds.
Orion Engineered Carbons Company Profile
Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.
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