Brokerages expect that Olin Co. (NYSE:OLN) will announce earnings of $0.40 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Olin’s earnings. The highest EPS estimate is $0.46 and the lowest is $0.36. Olin reported earnings per share of $0.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 3,900%. The firm is expected to announce its next quarterly earnings results on Monday, July 30th.

According to Zacks, analysts expect that Olin will report full-year earnings of $1.97 per share for the current year, with EPS estimates ranging from $1.70 to $2.18. For the next year, analysts anticipate that the firm will report earnings of $2.64 per share, with EPS estimates ranging from $2.25 to $2.94. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Olin.

Olin (NYSE:OLN) last issued its quarterly earnings results on Tuesday, May 1st. The specialty chemicals company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). Olin had a return on equity of 5.81% and a net margin of 8.69%. The firm had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.60 billion.

OLN has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Olin from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Citigroup dropped their price target on shares of Olin from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Tuesday, April 10th. Zacks Investment Research upgraded shares of Olin from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 17th. TheStreet lowered shares of Olin from a “b” rating to a “c+” rating in a research note on Tuesday, May 1st. Finally, Nomura lowered shares of Olin from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $40.00 to $35.00 in a research note on Friday, April 20th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $37.31.

A number of hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its holdings in Olin by 0.6% during the fourth quarter. California State Teachers Retirement System now owns 277,288 shares of the specialty chemicals company’s stock worth $9,866,000 after buying an additional 1,565 shares in the last quarter. Aperio Group LLC boosted its holdings in Olin by 4.8% during the first quarter. Aperio Group LLC now owns 34,031 shares of the specialty chemicals company’s stock worth $1,034,000 after buying an additional 1,572 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Olin by 17.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,765 shares of the specialty chemicals company’s stock worth $327,000 after buying an additional 1,635 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Olin by 3.3% during the first quarter. Municipal Employees Retirement System of Michigan now owns 51,920 shares of the specialty chemicals company’s stock worth $1,578,000 after buying an additional 1,640 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its holdings in shares of Olin by 21.9% in the fourth quarter. Meadow Creek Investment Management LLC now owns 10,256 shares of the specialty chemicals company’s stock valued at $365,000 after purchasing an additional 1,840 shares in the last quarter. 85.68% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Olin stock traded down $0.09 on Wednesday, reaching $28.97. 3,887,700 shares of the stock were exchanged, compared to its average volume of 2,112,096. Olin has a 1-year low of $27.79 and a 1-year high of $38.84. The company has a quick ratio of 1.05, a current ratio of 1.75 and a debt-to-equity ratio of 1.28. The firm has a market cap of $5.07 billion, a price-to-earnings ratio of 35.32, a price-to-earnings-growth ratio of 0.79 and a beta of 1.45.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Thursday, May 10th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Wednesday, May 9th. Olin’s dividend payout ratio is currently 98.77%.

Olin announced that its board has approved a share repurchase program on Tuesday, May 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the specialty chemicals company to reacquire up to 9.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Olin Company Profile

Olin Corporation manufactures and distributes chemical products in the United States and internationally. It operates through three segments: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide.

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Earnings History and Estimates for Olin (NYSE:OLN)

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