ONEX (OTCMKTS:ONEXF) Announces Quarterly Earnings Results

ONEX (OTCMKTS:ONEXF) released its quarterly earnings data on Thursday. The company reported $1.71 earnings per share (EPS) for the quarter, Zacks reports. ONEX had a net margin of 63.83% and a return on equity of 5.34%. The company had revenue of $202.00 million during the quarter.

ONEX Stock Down 1.7%

OTCMKTS ONEXF opened at $83.50 on Friday. ONEX has a fifty-two week low of $69.26 and a fifty-two week high of $92.45. The business has a 50 day moving average price of $77.36 and a two-hundred day moving average price of $77.85. The stock has a market cap of $6.37 billion, a PE ratio of 12.50 and a beta of 1.18.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of ONEX in a report on Friday. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of ONEX in a report on Friday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ONEX Company Profile

Onex Corporation is a Toronto‐based investment firm specializing in private equity and credit strategies across a range of industries. The company raises capital through independently managed funds and deploys it in buyouts, recapitalizations and growth investments targeting companies with strong management teams and potential for operational improvement. Onex also manages a public markets platform that invests in publicly traded companies, employing a value‐oriented approach to create long‐term shareholder value.

Through its private equity arm, Onex Partners, the firm pursues transactions in sectors such as aerospace and defense, healthcare, financial services, industrial manufacturing and packaging.