Orion (OEC) Set to Announce Quarterly Earnings on Thursday

Orion (NYSE:OEC) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.53 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Orion Stock Down 1.4 %

OEC opened at $15.18 on Tuesday. Orion has a one year low of $14.94 and a one year high of $28.48. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.80 and a current ratio of 1.39. The stock’s fifty day moving average is $16.81 and its 200-day moving average is $20.48. The company has a market capitalization of $885.90 million, a PE ratio of 11.50 and a beta of 1.48.

Orion Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Friday, December 13th will be paid a $0.021 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date is Friday, December 13th. This is an increase from Orion’s previous quarterly dividend of $0.02. Orion’s payout ratio is currently 6.06%.

Insider Transactions at Orion

In related news, CFO Jeffrey Glajch bought 15,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $18.16 per share, with a total value of $272,400.00. Following the completion of the transaction, the chief financial officer now directly owns 101,855 shares of the company’s stock, valued at approximately $1,849,686.80. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Jeffrey Glajch bought 15,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were bought at an average cost of $18.16 per share, with a total value of $272,400.00. Following the completion of the transaction, the chief financial officer now directly owns 101,855 shares of the company’s stock, valued at approximately $1,849,686.80. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dan F. Smith bought 2,500 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $18.53 per share, for a total transaction of $46,325.00. Following the completion of the transaction, the director now directly owns 78,772 shares of the company’s stock, valued at $1,459,645.16. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 47,500 shares of company stock valued at $845,225 over the last three months. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

OEC has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their price objective on Orion from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com downgraded Orion from a “buy” rating to a “hold” rating in a research note on Tuesday, October 15th.

About Orion

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.