FY2027 Earnings Estimate for Olin Issued By KeyCorp

Olin Corporation (NYSE:OLN) – Equities researchers at KeyCorp issued their FY2027 earnings per share (EPS) estimates for shares of Olin in a research report issued to clients and investors on Thursday, September 10th. KeyCorp analyst S. Tiano forecasts that the specialty chemicals company will post earnings of ($0.55) per share for the year. KeyCorp has a “Overweight” rating and a $26.00 price objective on the stock. The consensus estimate for Olin’s current full-year earnings is ($0.68) per share.

Olin (NYSE:OLN) last released its earnings results on Thursday, July 30th. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.25). The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.81 billion. Olin had a negative return on equity of 4.76% and a negative net margin of 2.08%.The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the company posted ($0.01) earnings per share.

OLN has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Olin from $30.00 to $20.00 and set a “hold” rating on the stock in a research note on Tuesday, August 25th. Wells Fargo & Company reissued an “equal weight” rating and set a $20.00 price target (down from $25.00) on shares of Olin in a report on Monday, August 3rd. Mizuho upped their price objective on Olin from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Royal Bank Of Canada reduced their price objective on Olin from $24.00 to $20.00 and set a “sector perform” rating on the stock in a research note on Monday, August 3rd. Finally, BMO Capital Markets decreased their target price on Olin from $30.00 to $25.00 and set a “market perform” rating on the stock in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $21.77.

Olin Trading Up 1.3%

Shares of Olin stock opened at $17.10 on Monday. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -13.90 and a beta of 1.20. The company has a quick ratio of 0.87, a current ratio of 1.42 and a debt-to-equity ratio of 1.77. Olin has a 12-month low of $16.68 and a 12-month high of $30.46. The firm’s 50-day moving average price is $19.39 and its two-hundred day moving average price is $23.41.

Olin Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Thursday, August 27th. Olin’s payout ratio is -65.04%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in OLN. Rockefeller Capital Management L.P. raised its holdings in Olin by 115.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,231 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 659 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in Olin during the 1st quarter worth approximately $45,000. Nykredit A S bought a new stake in Olin during the 2nd quarter worth approximately $59,000. Nalls Sherbakoff Group LLC acquired a new position in Olin in the 4th quarter valued at approximately $66,000. Finally, IFP Advisors Inc increased its position in Olin by 118.9% in the 2nd quarter. IFP Advisors Inc now owns 3,163 shares of the specialty chemicals company’s stock valued at $63,000 after acquiring an additional 1,718 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

About Olin

Olin Corporation is a global manufacturer of chemicals and ammunition headquartered in Clayton, Missouri. The company operates through two primary businesses: Chlor Alkali Products and Vinyls and Winchester.

Olin’s Chlor Alkali Products and Vinyls business produces essential chemicals including chlorine, caustic soda, hydrogen, hydrochloric acid, bleach products and related chlorinated compounds. These materials are used in water treatment, pulp and paper, construction, plastics, cleaning products and other industrial applications.