Orion S.A. (OEC) to Issue Quarterly Dividend of $0.02 on April 2nd

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Thursday, February 26th. Stockholders of record on Thursday, March 12th will be given a dividend of 0.0207 per share by the specialty chemicals company on Thursday, April 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, March 12th.

Orion has decreased its dividend payment by an average of 0.2%per year over the last three years. Orion has a payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.8%.

Orion Trading Down 0.1%

Shares of Orion stock opened at $5.68 on Friday. Orion has a twelve month low of $4.34 and a twelve month high of $14.28. The firm’s 50-day moving average price is $6.10 and its 200 day moving average price is $6.72. The company has a current ratio of 1.03, a quick ratio of 0.59 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $319.39 million, a PE ratio of -4.50 and a beta of 1.06.

Orion (NYSE:OEC) last issued its quarterly earnings results on Tuesday, February 17th. The specialty chemicals company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.26). Orion had a positive return on equity of 6.52% and a negative net margin of 3.88%.The firm had revenue of $411.70 million during the quarter, compared to analyst estimates of $365.79 million. On average, sell-side analysts predict that Orion will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OEC shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Orion in a research report on Thursday, January 22nd. UBS Group lifted their target price on shares of Orion from $6.00 to $6.50 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Wall Street Zen lowered Orion from a “hold” rating to a “sell” rating in a research report on Saturday. Mizuho raised their price target on Orion from $4.50 to $5.25 and gave the stock an “underperform” rating in a research report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. dropped their price objective on Orion from $9.00 to $5.00 and set an “underweight” rating for the company in a research note on Friday, November 28th. One investment analyst has rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Orion currently has an average rating of “Strong Sell” and a consensus target price of $5.58.

Orion Company Profile

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.