According to Zacks, “Orion Engineered Carbons S.A. operates as a supplier of Carbon Black. It offers products for Coatings, Printing Inks, Polymers, Rubber and other applications. Orion operates in two segments: Specialty Carbon Black and Rubber Carbon Black. The Company’s Gas Blacks, Furnace Blacks and Specialty Carbon Blacks tint, colorize and enhance the performance of plastics, paints and coatings, inks and toners, adhesives and sealants, tires, and manufactured rubber goods such as automotive belts and hoses. Orion Engineered Carbons S.A. is headquartered in Luxembourg. “
A number of other equities research analysts also recently weighed in on the company. Barclays set a $24.00 price objective on Orion Engineered Carbons and gave the company a hold rating in a report on Friday, May 3rd. CJS Securities began coverage on Orion Engineered Carbons in a report on Thursday, March 21st. They set a market outperform rating on the stock. Northcoast Research reaffirmed a buy rating on shares of Orion Engineered Carbons in a report on Tuesday, March 12th. JPMorgan Chase & Co. downgraded Orion Engineered Carbons from an overweight rating to a neutral rating and decreased their price objective for the company from $31.00 to $20.00 in a report on Monday, March 11th. Finally, ValuEngine downgraded Orion Engineered Carbons from a sell rating to a strong sell rating in a report on Saturday, March 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $31.50.
Orion Engineered Carbons (NYSE:OEC) last released its quarterly earnings data on Thursday, May 2nd. The specialty chemicals company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.08). The company had revenue of $384.71 million for the quarter, compared to analyst estimates of $412.14 million. Orion Engineered Carbons had a net margin of 7.47% and a return on equity of 82.03%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.58 earnings per share. On average, sell-side analysts predict that Orion Engineered Carbons will post 1.98 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 20th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Wednesday, June 19th. Orion Engineered Carbons’s dividend payout ratio (DPR) is currently 36.20%.
Several large investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Orion Engineered Carbons by 8.3% in the first quarter. Wellington Management Group LLP now owns 7,342,971 shares of the specialty chemicals company’s stock valued at $139,444,000 after acquiring an additional 562,051 shares during the last quarter. FMR LLC raised its stake in shares of Orion Engineered Carbons by 3.7% in the first quarter. FMR LLC now owns 6,003,552 shares of the specialty chemicals company’s stock valued at $114,007,000 after acquiring an additional 213,088 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Orion Engineered Carbons by 28.6% in the first quarter. Victory Capital Management Inc. now owns 4,830,328 shares of the specialty chemicals company’s stock valued at $91,728,000 after acquiring an additional 1,075,106 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Orion Engineered Carbons by 8.2% in the first quarter. Renaissance Technologies LLC now owns 4,348,196 shares of the specialty chemicals company’s stock valued at $82,572,000 after acquiring an additional 329,000 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Orion Engineered Carbons by 187.5% in the fourth quarter. Millennium Management LLC now owns 1,641,052 shares of the specialty chemicals company’s stock valued at $41,486,000 after acquiring an additional 1,070,346 shares during the last quarter. Institutional investors own 94.71% of the company’s stock.
Orion Engineered Carbons Company Profile
Orion Engineered Carbons SA, together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.
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