Orion S.A. (NYSE:OEC) Announces $0.02 Quarterly Dividend

Orion S.A. (NYSE:OEC) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Tuesday, June 11th will be paid a dividend of 0.021 per share by the specialty chemicals company on Tuesday, July 2nd. This represents a $0.08 annualized dividend and a yield of 0.35%. The ex-dividend date is Tuesday, June 11th.

Orion has decreased its dividend payment by an average of 22.3% annually over the last three years. Orion has a dividend payout ratio of 3.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Orion to earn $2.45 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.3%.

Orion Stock Up 0.4 %

Orion stock traded up $0.09 during midday trading on Friday, hitting $23.72. 167,607 shares of the stock were exchanged, compared to its average volume of 376,505. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.72 and a beta of 1.64. The business’s 50-day moving average price is $23.35 and its 200-day moving average price is $23.37. The company has a quick ratio of 0.82, a current ratio of 1.47 and a debt-to-equity ratio of 1.42. Orion has a 52-week low of $19.32 and a 52-week high of $28.48.

Orion (NYSE:OEC) last announced its quarterly earnings data on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.21). Orion had a return on equity of 24.45% and a net margin of 5.46%. The firm had revenue of $468.20 million during the quarter, compared to analysts’ expectations of $421.62 million. During the same period last year, the business posted $0.26 EPS. The company’s revenue was up 1.3% compared to the same quarter last year. On average, research analysts expect that Orion will post 2.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on OEC. UBS Group lowered their price target on shares of Orion from $33.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 11th. StockNews.com upgraded shares of Orion from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Finally, Mizuho began coverage on Orion in a research report on Wednesday, March 27th. They set a “neutral” rating and a $25.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $27.80.

Orion Company Profile

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.