ONEX (OTCMKTS:ONEXF) Releases Earnings Results

ONEX (OTCMKTS:ONEXF) issued its earnings results on Friday. The company reported $2.64 EPS 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%

ONEXF traded up $1.01 during trading on Friday, hitting $78.56. 5,816 shares of the company’s stock were exchanged, compared to its average volume of 12,593. ONEX has a fifty-two week low of $60.72 and a fifty-two week high of $92.45. The stock has a market cap of $5.39 billion, a P/E ratio of 12.65 and a beta of 1.22. The business’s 50 day moving average is $81.91 and its two-hundred day moving average is $83.15.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ONEXF shares. Scotiabank reaffirmed an “outperform” rating on shares of ONEX in a report on Friday, October 31st. TD Securities reaffirmed a “buy” rating on shares of ONEX in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.