ONEX (OTCMKTS:ONEXF) Announces Earnings Results

ONEX (OTCMKTS:ONEXF) released its quarterly earnings data on Friday. The company reported $2.64 earnings per share (EPS) for the quarter, Zacks reports. ONEX had a return on equity of 5.09% and a net margin of 56.15%.The business had revenue of $234.00 million during the quarter.

ONEX Stock Down 1.0%

ONEXF opened at $76.75 on Friday. ONEX has a 52 week low of $60.72 and a 52 week high of $92.45. The business’s 50 day moving average is $81.80 and its two-hundred day moving average is $83.12. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 8.65 and a beta of 1.22.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Scotiabank reiterated an “outperform” rating on shares of ONEX in a research note on Friday, October 31st. TD Securities restated a “buy” rating on shares of ONEX in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, ONEX currently has a consensus rating of “Moderate Buy”.

ONEX Company Profile

Onex Corporation is a Toronto‐based investment firm specializing in private equity and credit strategies across a range of industries. The company raises capital through independently managed funds and deploys it in buyouts, recapitalizations and growth investments targeting companies with strong management teams and potential for operational improvement. Onex also manages a public markets platform that invests in publicly traded companies, employing a value‐oriented approach to create long‐term shareholder value.

Through its private equity arm, Onex Partners, the firm pursues transactions in sectors such as aerospace and defense, healthcare, financial services, industrial manufacturing and packaging.