Orion (NYSE:OEC) Releases Earnings Results, Misses Expectations By $0.08 EPS

Orion (NYSE:OEC) issued its earnings results on Wednesday. The specialty chemicals company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.08), FiscalAI reports. Orion had a negative net margin of 5.28% and a negative return on equity of 0.31%. The firm had revenue of $472.80 million during the quarter, compared to analyst estimates of $445.99 million.

Orion Stock Performance

Shares of NYSE:OEC traded up $0.36 during trading on Wednesday, reaching $5.87. 537,487 shares of the stock were exchanged, compared to its average volume of 579,322. Orion has a 12 month low of $4.34 and a 12 month high of $8.64. The firm has a market cap of $331.49 million, a PE ratio of -3.39 and a beta of 1.05. The stock has a 50-day moving average price of $5.77 and a 200-day moving average price of $6.36. The company has a current ratio of 1.03, a quick ratio of 0.64 and a debt-to-equity ratio of 1.72.

Orion Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 19th. Shareholders of record on Friday, December 11th will be given a dividend of $0.0207 per share. The ex-dividend date is Friday, December 11th. This represents a $0.08 annualized dividend and a yield of 1.4%. Orion’s dividend payout ratio (DPR) is -4.62%.

Analyst Upgrades and Downgrades

OEC has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Orion in a research report on Thursday, October 15th. Zacks Research raised Orion from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen raised Orion from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Finally, UBS Group dropped their price target on Orion from $8.00 to $6.50 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Strong Sell” and a consensus price target of $5.58.

About Orion

Orion SA, formerly known as Orion Engineered Carbons SA, is a global specialty chemicals company that develops, manufactures and sells carbon-based products. Its portfolio includes specialty carbon black, high-performance carbon black, conductive additives and other carbon materials used in a range of industrial and consumer applications.

The company’s products help provide color, conductivity, reinforcement, ultraviolet protection and other performance characteristics in products such as coatings, paints, printing inks, plastics, adhesives, sealants, batteries, tires and other rubber goods.