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

Orion S.A. (NYSE:OEC) declared a quarterly dividend on Thursday, April 25th, Zacks reports. Stockholders of record on Tuesday, June 11th will be paid a dividend of 0.021 per share by the specialty chemicals company on Tuesday, July 2nd. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Tuesday, June 11th.

Orion has decreased its dividend payment by an average of 22.3% annually over the last three years. Orion has a dividend payout ratio of 3.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Orion to earn $2.45 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 3.3%.

Orion Trading Up 0.4 %

Shares of OEC stock traded up $0.09 on Friday, reaching $23.72. 167,607 shares of the company’s stock were exchanged, compared to its average volume of 376,505. Orion has a 52 week low of $19.32 and a 52 week high of $28.48. The company has a current ratio of 1.47, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $1.37 billion, a PE ratio of 13.72 and a beta of 1.64. The company’s fifty day simple moving average is $23.35 and its 200 day simple moving average is $23.37.

Orion (NYSE:OEC) last issued its quarterly earnings results on Thursday, February 15th. The specialty chemicals company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.21). Orion had a return on equity of 24.45% and a net margin of 5.46%. The business had revenue of $468.20 million for the quarter, compared to the consensus estimate of $421.62 million. During the same period in the prior year, the business posted $0.26 earnings per share. Orion’s revenue was up 1.3% on a year-over-year basis. As a group, analysts forecast that Orion will post 2.15 EPS for the current year.

Analyst Ratings Changes

OEC has been the subject of a number of research analyst reports. StockNews.com raised Orion from a “hold” rating to a “buy” rating in a research note on Thursday, April 18th. Mizuho began coverage on Orion in a research note on Wednesday, March 27th. They set a “neutral” rating and a $25.00 price target for the company. Finally, UBS Group decreased their target price on Orion from $33.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Orion presently has a consensus rating of “Moderate Buy” and an average target price of $27.80.

About Orion

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.