Orion Engineered Carbons SA (NYSE:OEC) – Research analysts at Northcoast Research issued their Q1 2019 earnings estimates for Orion Engineered Carbons in a research note issued to investors on Tuesday, March 12th. Northcoast Research analyst K. Hocevar forecasts that the specialty chemicals company will earn $0.51 per share for the quarter. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for Orion Engineered Carbons’ Q2 2019 earnings at $0.53 EPS, Q3 2019 earnings at $0.57 EPS, Q4 2019 earnings at $0.49 EPS, FY2019 earnings at $2.10 EPS and FY2020 earnings at $2.40 EPS.
Orion Engineered Carbons (NYSE:OEC) last issued its quarterly earnings data on Thursday, March 7th. The specialty chemicals company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.01. Orion Engineered Carbons had a net margin of 7.70% and a return on equity of 97.17%. The company had revenue of $385.96 million during the quarter, compared to the consensus estimate of $382.40 million.
Several other equities research analysts also recently issued reports on OEC. UBS Group raised shares of Orion Engineered Carbons from a “neutral” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, November 20th. ValuEngine cut shares of Orion Engineered Carbons from a “sell” rating to a “strong sell” rating in a report on Friday, December 7th. Finally, Zacks Investment Research cut shares of Orion Engineered Carbons from a “hold” rating to a “sell” rating in a report on Saturday, January 5th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $33.00.
Shares of OEC stock opened at $20.49 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.80 and a debt-to-equity ratio of 4.05. Orion Engineered Carbons has a 12-month low of $20.37 and a 12-month high of $36.55. The firm has a market cap of $1.24 billion, a PE ratio of 9.59, a P/E/G ratio of 0.94 and a beta of 0.96.
A number of institutional investors and hedge funds have recently made changes to their positions in OEC. Renaissance Group LLC lifted its stake in Orion Engineered Carbons by 2.1% in the fourth quarter. Renaissance Group LLC now owns 24,445 shares of the specialty chemicals company’s stock valued at $618,000 after acquiring an additional 508 shares during the last quarter. Oppenheimer & Co. Inc. lifted its stake in Orion Engineered Carbons by 2.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 28,900 shares of the specialty chemicals company’s stock valued at $731,000 after acquiring an additional 750 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Orion Engineered Carbons by 53.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 2,440 shares of the specialty chemicals company’s stock valued at $62,000 after acquiring an additional 846 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Orion Engineered Carbons by 10.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 9,959 shares of the specialty chemicals company’s stock valued at $252,000 after acquiring an additional 940 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC lifted its stake in Orion Engineered Carbons by 9.7% in the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 13,850 shares of the specialty chemicals company’s stock valued at $350,000 after acquiring an additional 1,225 shares during the last quarter. Institutional investors and hedge funds own 92.93% of the company’s stock.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 20th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 3.90%. The ex-dividend date is Wednesday, June 19th. Orion Engineered Carbons’s payout ratio is 36.20%.
Orion Engineered Carbons Company Profile
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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