ONEX (OTCMKTS:ONEXF) Announces Quarterly Earnings Results

ONEX (OTCMKTS:ONEXF) issued its earnings results on Friday. The company reported $2.64 earnings per share for the quarter, Zacks reports. ONEX had a return on equity of 5.09% and a net margin of 56.15%.

ONEX Stock Up 1.3%

OTCMKTS:ONEXF traded up $1.01 during mid-day trading on Friday, hitting $78.56. 5,041 shares of the company traded hands, compared to its average volume of 12,576. The stock’s fifty day moving average price is $81.91 and its 200-day moving average price is $83.15. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 12.65 and a beta of 1.22. ONEX has a one year low of $60.72 and a one year high of $92.45.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ONEXF shares. TD Securities reissued a “buy” rating on shares of ONEX in a report on Friday, October 31st. Scotiabank reiterated an “outperform” rating on shares of ONEX in a research note on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, ONEX presently has an average rating of “Moderate Buy”.

About ONEX

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.