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

ONEX (OTCMKTS:ONEXF) issued its quarterly earnings results 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 return on equity of 5.24% and a net margin of 63.83%.

ONEX Stock Performance

Shares of ONEX stock traded up $1.53 during midday trading on Friday, hitting $76.45. 1,772 shares of the company traded hands, compared to its average volume of 11,327. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 11.44 and a beta of 1.25. The firm’s fifty day moving average price is $75.57 and its 200-day moving average price is $77.54. ONEX has a 12 month low of $69.26 and a 12 month high of $86.40.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce raised shares of ONEX from a “hold” rating to an “outperform” rating in a research report on Thursday, October 22nd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of ONEX in a research report on Friday, August 14th. Finally, BMO Capital Markets started coverage on ONEX in a report on Thursday, October 1st. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About ONEX

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.