Olin Corporation (OLN) Earns Media Sentiment Score of 0.11

Media stories about Olin Corporation (NYSE:OLN) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Olin Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 46.0501976626857 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several equities research analysts have recently commented on the company. BidaskClub upgraded Olin Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Cowen and Company set a $39.00 price target on Olin Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 price target on shares of Olin Corporation in a research note on Tuesday, June 20th. Finally, UBS AG restated a “neutral” rating and set a $30.00 price target (down previously from $33.00) on shares of Olin Corporation in a research note on Sunday, June 25th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Olin Corporation presently has an average rating of “Hold” and a consensus price target of $35.00.

Olin Corporation (NYSE OLN) opened at 33.87 on Thursday. The stock has a market cap of $5.63 billion, a PE ratio of 131.79 and a beta of 1.40. The firm has a 50-day moving average price of $30.85 and a 200 day moving average price of $30.94. Olin Corporation has a 52-week low of $18.40 and a 52-week high of $33.99.

Olin Corporation (NYSE:OLN) last announced its quarterly earnings results on Monday, July 31st. The specialty chemicals company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.15). Olin Corporation had a return on equity of 5.80% and a net margin of 0.72%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the firm posted $0.24 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Equities analysts anticipate that Olin Corporation will post $1.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Thursday, August 10th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.36%. Olin Corporation’s dividend payout ratio (DPR) is presently 320.00%.

In other Olin Corporation news, VP Stephen C. Curley sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $30.34, for a total transaction of $151,700.00. Following the completion of the transaction, the vice president now owns 23,837 shares in the company, valued at approximately $723,214.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John L. Mcintosh sold 16,070 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $31.02, for a total value of $498,491.40. Following the transaction, the executive vice president now owns 60,391 shares of the company’s stock, valued at approximately $1,873,328.82. The disclosure for this sale can be found here. Insiders have sold a total of 45,070 shares of company stock valued at $1,407,151 in the last quarter. 2.90% of the stock is currently owned by insiders.

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Olin Corporation Company Profile

Olin Corporation is a manufacturer and distributor of chemical products, and ammunition. The Company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy and Winchester. The Chlor Alkali Products and Vinyls segment manufactures and sells chlorine and caustic soda, ethylene dichloride and vinyl chloride monomer, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products and potassium hydroxide.

Insider Buying and Selling by Quarter for Olin Corporation (NYSE:OLN)

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