Olin ( NYSE:OLN – Get Free Report ) issued its quarterly earnings data on Thursday. The specialty chemicals company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.02), FiscalAI reports. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Olin had a negative return on equity of 6.58% and a negative net margin of 2.49%. The business’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $0.37 earnings per share.
Olin Stock Up 9.4%
NYSE:OLN traded up $1.51 during trading hours on Friday, reaching $17.56. 6,671,069 shares of the company traded hands, compared to its average volume of 4,959,744. The business’s 50-day moving average price is $16.44 and its two-hundred day moving average price is $22.28. The stock has a market capitalization of $2.00 billion, a P/E ratio of -11.95 and a beta of 1.23. Olin has a 1 year low of $14.64 and a 1 year high of $30.46. The company has a current ratio of 1.42, a quick ratio of 0.87 and a debt-to-equity ratio of 1.77.
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Olin Announces Dividend
The business also recently disclosed ...