ONEX (OTCMKTS:ONEXF) Issues Quarterly Earnings Results, Misses Expectations By $0.33 EPS

ONEX (OTCMKTS:ONEXF) issued its quarterly earnings data on Friday. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.33), Zacks reports. ONEX had a net margin of 63.83% and a return on equity of 5.24%.

ONEX Stock Performance

Shares of OTCMKTS ONEXF traded up $1.53 during midday trading on Friday, reaching $76.45. The company’s stock had a trading volume of 1,772 shares, compared to its average volume of 11,327. The company has a market cap of $5.83 billion, a P/E ratio of 11.44 and a beta of 1.25. The business’s 50 day moving average price is $75.57 and its two-hundred day moving average price is $77.54. ONEX has a fifty-two week low of $69.26 and a fifty-two week high of $86.40.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ONEXF shares. BMO Capital Markets assumed coverage on ONEX in a report on Thursday, October 1st. They set an “outperform” rating for the company. Canadian Imperial Bank of Commerce upgraded shares of ONEX from a “hold” rating to an “outperform” rating in a research note on Thursday, October 22nd. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of ONEX in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ONEX Company Profile

Onex Corporation is a Canadian alternative asset manager focused on private equity and credit. The company manages investment strategies for institutional investors and other clients, and invests its own capital alongside them. Through its private equity business, Onex acquires and builds companies, while its credit platform provides financing and invests across a range of credit markets. Its investment activities span North America and Europe, with portfolio companies operating in multiple industries.