Onex (OTCMKTS:ONEXF) Announces Earnings Results

Onex (OTCMKTS:ONEXF) announced its earnings results on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $108.00 million for the quarter. Onex had a net margin of 68.14% and a return on equity of 7.94%.

Onex Price Performance

Shares of OTCMKTS ONEXF opened at $77.60 on Friday. The stock’s 50-day simple moving average is $78.19 and its two-hundred day simple moving average is $74.56. Onex has a twelve month low of $61.24 and a twelve month high of $85.07. The firm has a market capitalization of $5.75 billion, a P/E ratio of 8.81 and a beta of 1.55. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.01.

Onex Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 13th were paid a dividend of $0.0721 per share. This represents a yield of 0.37%. The ex-dividend date was Friday, January 10th. Onex’s dividend payout ratio is 3.18%.

Analysts Set New Price Targets

Separately, TD Securities upgraded shares of Onex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

About Onex

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.