Olin Corporation Common Stock (NYSE:OLN):
Olin to Attend the Morgan Stanley Conference in November.
The company is now down by -1.26 percent from yesterday’s close.
Additionally Olin Corporation Common Stock recently declared a dividend for shareholders that was paid on Friday the 9th of September 2016. The dividend was $0.200 per share for the quarter which comes to $0.80 on an annualized basis. This dividend represents a yield of $3.64. The ex-dividend date was set for Monday the 8th of August 2016.
The stock is trading at $21.96 a tad above the 50 day moving average which is $20.21 and marginally over the 200 day moving average of $21.69. The 50 day moving average was up by +8.66% and the 200 day average was up $0.27.
In the latest earnings report the EPS was $-0.65 and is expected to be $1.25 for the current year with 165,164,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.24 with next year’s EPS anticipated to be $1.43.
A few analysts have issued ratings on the stock. On September 7 the stock rating was downgraded to “Underperform” from “” in a report from Longbow Research. On June 28 the company was set at “Outperform” by Cowen & Company which is up from the previous “” rating.
February 5 investment analysts at Susquehanna made no change to the stock rating of “Positive” but lowered the price target from $23.00 to $21.00. On February 4, 2016 the stock rating was changed to a “Buy” in a report from Monness Crespi Hardt which was a boost from the previous “Neutral” rating.
On February 4 Macquarie left the company rating at “Neutral” and lowered the price expectation to $19.00 from $23.00. On January 7 the company was rated “Buy” according to a Nomura report up from the previous “” rating.