Shares of Oil-Dri Corporation Of America (NYSE:ODC – Get Free Report) dropped 4.7% during trading on Friday. The company traded as low as $81.36 and last traded at $80.43. Approximately 66,335 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 94,551 shares. The stock had previously closed at $84.37.
Key Stories Impacting Oil-Dri Corporation Of America
Here are the key news stories impacting Oil-Dri Corporation Of America this week:
- Positive Sentiment: Oil-Dri reported fiscal fourth-quarter EPS of $1.00 and revenue of $129.29 million, while net margin was 11.35% and return on equity was 20.53%. The company described the period as producing record annual results, all-time-high fourth-quarter sales and historic cash generation. Oil-Dri Corporation of America Releases Q4 2026 Financial Results
- Positive Sentiment: The board declared a quarterly dividend of $0.225 per share, equal to $0.90 annually and an approximately 1.1% yield. The dividend is payable November 20 to shareholders of record November 6. Oil-Dri’s Board of Directors Appoints Anthony W. Parker as an Executive Officer and Declares Quarterly Dividends
- Positive Sentiment: Oil-Dri appointed Anthony W. Parker, its vice president, general counsel and secretary, as an executive officer, providing continuity in the company’s leadership structure. Oil-Dri Leadership Appointment
- Neutral Sentiment: The company entered into a ninth amendment to its credit agreement and a fifth amendment to its note purchase and private shelf agreement. The reports provide limited details on how the changes affect borrowing terms or liquidity. Oil-Dri Credit Agreement Amendments
- Negative Sentiment: Despite the favorable earnings release, ODC has faced selling pressure. One report highlighted a GF Score of 64, suggesting mixed fundamental, valuation or momentum characteristics, while the stock remains well below its 52-week high. Oil-Dri Shares and GF Score
Analyst Upgrades and Downgrades
Several research firms have commented on ODC. Weiss Ratings reissued a “buy (b)” rating on shares of Oil-Dri Corporation Of America in a research report on Wednesday, July 29th. Wall Street Zen lowered Oil-Dri Corporation Of America from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.
Oil-Dri Corporation Of America Stock Performance
The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 21.08 and a beta of 0.76. The company has a current ratio of 3.28, a quick ratio of 2.40 and a debt-to-equity ratio of 0.14. The stock has a 50-day simple moving average of $90.23 and a 200-day simple moving average of $85.98.
Oil-Dri Corporation Of America (NYSE:ODC – Get Free Report) last released its quarterly earnings results on Thursday, October 8th. The specialty chemicals company reported $1.00 earnings per share for the quarter. The business had revenue of $129.29 million during the quarter. Oil-Dri Corporation Of America had a net margin of 11.35% and a return on equity of 20.53%.
Oil-Dri Corporation Of America Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, November 6th will be given a dividend of $0.2250 per share. The ex-dividend date of this dividend is Friday, November 6th. This represents a $0.90 annualized dividend and a dividend yield of 1.1%. Oil-Dri Corporation Of America’s dividend payout ratio (DPR) is presently 23.14%.
Institutional Trading of Oil-Dri Corporation Of America
Several institutional investors and hedge funds have recently bought and sold shares of the company. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Oil-Dri Corporation Of America in the 2nd quarter valued at approximately $11,267,000. BlackRock Inc. bought a new position in Oil-Dri Corporation Of America during the second quarter worth $84,762,000. Bank of New York Mellon Corp bought a new position in Oil-Dri Corporation Of America during the second quarter worth $9,575,000. Bank of America Corp DE acquired a new position in Oil-Dri Corporation Of America in the second quarter worth $1,487,000. Finally, PDT Partners LLC bought a new stake in Oil-Dri Corporation Of America during the second quarter valued at $3,353,000. Institutional investors and hedge funds own 49.01% of the company’s stock.
Oil-Dri Corporation Of America Company Profile
Oil-Dri Corporation of America develops, manufactures and markets mineral-based products designed to absorb, filter and control liquids and odors. The company serves consumer, industrial, agricultural and specialty markets, using products such as fuller’s earth and other absorbent minerals in a range of applications.
Its consumer products include cat litter and related animal-care products sold under brands such as Cat’s Pride and Jonny Cat. Oil-Dri also supplies absorbent products for industrial and commercial uses, including spill cleanup, oil and grease absorption, moisture control, filtration, sports-field maintenance and other specialized applications.
Founded in 1941, Oil-Dri is headquartered in Chicago, Illinois.
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