Orion Engineered Carbons SA (NYSE:OEC) – Equities research analysts at Northcoast Research decreased their Q4 2018 EPS estimates for Orion Engineered Carbons in a research note issued on Monday, November 5th. Northcoast Research analyst K. Hocevar now expects that the specialty chemicals company will post earnings per share of $0.48 for the quarter, down from their prior estimate of $0.50. Northcoast Research currently has a “Buy” rating and a $40.00 price objective on the stock.
Orion Engineered Carbons (NYSE:OEC) last released its quarterly earnings results on Thursday, November 1st. The specialty chemicals company reported $0.51 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. Orion Engineered Carbons had a net margin of 8.22% and a return on equity of 108.30%. The firm had revenue of $394.00 million during the quarter, compared to analyst estimates of $333.14 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year.
OEC has been the subject of several other reports. ValuEngine lowered shares of Orion Engineered Carbons from a “buy” rating to a “hold” rating in a report on Wednesday, September 12th. Loop Capital initiated coverage on shares of Orion Engineered Carbons in a report on Wednesday, October 3rd. They issued a “buy” rating and a $40.00 target price for the company. Finally, Zacks Investment Research lowered shares of Orion Engineered Carbons from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $33.14.
NYSE OEC opened at $26.35 on Tuesday. The stock has a market cap of $1.67 billion, a PE ratio of 16.17 and a beta of 1.09. Orion Engineered Carbons has a 52 week low of $22.25 and a 52 week high of $36.55. The company has a quick ratio of 1.35, a current ratio of 2.04 and a debt-to-equity ratio of 4.48.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Tuesday, December 18th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 3.04%. The ex-dividend date is Monday, December 17th. Orion Engineered Carbons’s dividend payout ratio is 49.08%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP increased its holdings in Orion Engineered Carbons by 5.4% in the 2nd quarter. Engineers Gate Manager LP now owns 50,874 shares of the specialty chemicals company’s stock worth $1,569,000 after acquiring an additional 2,609 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Orion Engineered Carbons by 8.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 64,467 shares of the specialty chemicals company’s stock valued at $1,989,000 after buying an additional 5,096 shares in the last quarter. Oppenheimer & Co. Inc. grew its holdings in Orion Engineered Carbons by 28.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 28,150 shares of the specialty chemicals company’s stock valued at $868,000 after buying an additional 6,150 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Orion Engineered Carbons during the 2nd quarter valued at approximately $230,000. Finally, Verition Fund Management LLC purchased a new stake in Orion Engineered Carbons during the 2nd quarter valued at approximately $248,000. 91.46% of the stock is owned by institutional investors.
About Orion Engineered Carbons
Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.
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