Equities research analysts expect Olin Co. (NYSE:OLN) to report $0.32 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Olin’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.25. Olin reported earnings per share of $0.15 during the same quarter last year, which would indicate a positive year over year growth rate of 113.3%. The company is expected to issue its next earnings report after the market closes on Tuesday, April 30th.

On average, analysts expect that Olin will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.57 to $2.27. For the next financial year, analysts expect that the business will post earnings of $2.53 per share, with EPS estimates ranging from $2.20 to $2.81. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Olin.

Olin (NYSE:OLN) last released its quarterly earnings data on Monday, February 4th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.02). Olin had a return on equity of 10.42% and a net margin of 4.72%. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the previous year, the business posted $2.89 earnings per share. Olin’s revenue for the quarter was up .9% on a year-over-year basis.

Several equities research analysts recently issued reports on the stock. Nomura upgraded shares of Olin from a “reduce” rating to a “neutral” rating and raised their price objective for the stock from $22.00 to $25.00 in a research report on Monday. ValuEngine cut shares of Olin from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Cowen restated an “outperform” rating and set a $32.00 price objective on shares of Olin in a research report on Wednesday, February 6th. KeyCorp assumed coverage on shares of Olin in a research report on Monday, January 28th. They set an “overweight” rating and a $30.00 price objective for the company. Finally, Zacks Investment Research cut shares of Olin from a “hold” rating to a “sell” rating in a research report on Thursday, January 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.55.

Olin stock traded up $0.37 during midday trading on Monday, hitting $25.20. 1,766,514 shares of the stock were exchanged, compared to its average volume of 2,292,118. Olin has a fifty-two week low of $17.87 and a fifty-two week high of $34.42. The stock has a market cap of $4.09 billion, a P/E ratio of 14.40, a PEG ratio of 0.41 and a beta of 1.59. The company has a current ratio of 1.53, a quick ratio of 0.89 and a debt-to-equity ratio of 1.10.

In other Olin news, VP Brett A. Flaugher sold 12,500 shares of Olin stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $26.53, for a total transaction of $331,625.00. Following the completion of the sale, the vice president now directly owns 40,629 shares in the company, valued at $1,077,887.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. Lavaca Capital LLC purchased a new stake in shares of Olin during the 4th quarter worth approximately $29,000. JOYN Advisors Inc. lifted its position in shares of Olin by 743.3% during the 4th quarter. JOYN Advisors Inc. now owns 1,813 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 1,598 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new stake in shares of Olin during the 4th quarter worth approximately $50,000. Pflug Koory LLC lifted its position in shares of Olin by 29.8% during the 4th quarter. Pflug Koory LLC now owns 2,985 shares of the specialty chemicals company’s stock worth $60,000 after buying an additional 685 shares during the last quarter. Finally, IMS Capital Management purchased a new stake in shares of Olin during the 3rd quarter worth approximately $88,000. Hedge funds and other institutional investors own 87.30% of the company’s stock.

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, potassium hydroxide, chlorinated organics intermediates and solvents, and sodium hypochlorite.The Epoxy segment provides allyl chloride and epichlorohydrin, as well as acetone, bisphenol, cumene, and phenol for use in resins and other plastic materials, water purification, and pesticides, as well as for the manufacturers of polymers; liquid and solid epoxy resins that are used in adhesives, paints and coatings, composites, and flooring; and differentiated epoxy resins for use in electrical laminates, paints and coatings, wind blades, electronics, and construction, as well as offers additives.

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