Orion S.A. (NYSE:OEC) Declares Quarterly Dividend of $0.02

Orion S.A. (NYSE:OEC) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Thursday, March 13th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Friday, April 4th. This represents a $0.08 annualized dividend and a yield of 0.59%. The ex-dividend date is Thursday, March 13th.

Orion has a payout ratio of 3.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 3.8%.

Orion Price Performance

Shares of OEC traded down $0.15 during trading hours on Friday, hitting $13.97. 675,537 shares of the company were exchanged, compared to its average volume of 500,966. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 1.42. Orion has a fifty-two week low of $13.32 and a fifty-two week high of $26.05. The company has a market cap of $791.17 million, a price-to-earnings ratio of 18.62 and a beta of 1.50. The firm’s fifty day moving average is $14.76 and its 200 day moving average is $16.32.

Orion (NYSE:OEC) last announced its quarterly earnings data on Wednesday, February 19th. The specialty chemicals company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The firm had revenue of $434.20 million for the quarter, compared to the consensus estimate of $437.03 million. Orion had a net margin of 2.35% and a return on equity of 20.94%. On average, equities analysts anticipate that Orion will post 1.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut their target price on Orion from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. UBS Group reduced their price target on shares of Orion from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th.

Orion Company Profile

Orion SA, together with its subsidiaries, engages in the manufacture and sale of carbon black products. It operates in two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; high purity carbon black grades for the fiber industry; and conductive carbon black grades for batteries, polymers, and coatings.