The price of Olin Corp. (NYSE: OLN) closed at $56.43 in the last session, down -3.90% from day before closing price of $58.72. In other words, the price has decreased by -$2.29 from its previous closing price. On the day, 880373 shares were traded.
Ratios:
We take a closer look at OLN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.19. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 1.29. In the meantime, Its Debt-to-Equity ratio is 1.35 whereas as Long-Term Debt/Eq ratio is at 1.29.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Deutsche Bank on December 07, 2023, initiated with a Hold rating and assigned the stock a target price of $52.
On November 13, 2023, Citigroup started tracking the stock assigning a Buy rating and target price of $50.
JP Morgan Downgraded its Overweight to Neutral on October 30, 2023, whereas the target price for the stock was revised from $75 to $48.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 27 ’24 when Sutton Scott McDougald sold 48,896 shares for $52.39 per share. The transaction valued at 2,561,516 led to the insider holds 90,327 shares of the business.
FLAUGHER BRETT A sold 10,000 shares of OLN for $521,988 on Feb 27 ’24. The VP & Pres, Winchester now owns 77,763 shares after completing the transaction at $52.20 per share. On Feb 26 ’24, another insider, Sutton Scott McDougald, who serves as the President & CEO of the company, sold 16,924 shares for $52.56 each. As a result, the insider received 889,558 and left with 90,327 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OLN now has a Market Capitalization of 7.03B and an Enterprise Value of 9.88B. As of this moment, Olin’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.95, and their Forward P/E ratio for the next fiscal year is 9.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.75. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.99 while its Price-to-Book (P/B) ratio in mrq is 3.04. Its current Enterprise Value per Revenue stands at 1.45 whereas that against EBITDA is 7.75.
Stock Price History:
Over the past 52 weeks, OLN has reached a high of $60.60, while it has fallen to a 52-week low of $41.71. The 50-Day Moving Average of the stock is 54.95, while the 200-Day Moving Average is calculated to be 52.05.
Shares Statistics:
According to the various share statistics, OLN traded on average about 1.06M shares per day over the past 3-months and 768.97k shares per day over the past 10 days. A total of 120.20M shares are outstanding, with a floating share count of 119.62M. Insiders hold about 0.48% of the company’s shares, while institutions hold 88.92% stake in the company. Shares short for OLN as of Mar 15, 2024 were 2.84M with a Short Ratio of 2.59, compared to 3.01M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.37% and a Short% of Float of 2.65%.
Dividends & Splits
The forward annual dividend rate for OLN is 0.80, which was 0.80 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 1.36%, it implies a Forward Annual Dividend Yield of 1.37%. The stock’s 5-year Average Dividend Yield is 2.88. The current Payout Ratio is 22.39% for OLN, which recently paid a dividend on Mar 15, 2024 with an ex-dividend date of Mar 06, 2024. Stock splits for the company last occurred on Feb 09, 1999 when the company split stock in a 1575:1000 ratio.
Earnings Estimates
The company has 15 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.38 for the current quarter, with a high estimate of $0.47 and a low estimate of $0.28, while EPS last year was $1.5. The consensus estimate for the next quarter is $0.85, with high estimates of $1.1 and low estimates of $0.51.
Analysts are recommending an EPS of between $4.22 and $2.86 for the fiscal current year, implying an average EPS of $3.74. EPS for the following year is $6.14, with 15 analysts recommending between $8.95 and $3.95.
Revenue Estimates
According to 12 analysts, the current quarter’s revenue is expected to be $1.65B. It ranges from a high estimate of $1.69B to a low estimate of $1.59B. As of the current estimate, Olin Corp.’s year-ago sales were $1.84B, an estimated decrease of -10.30% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $1.75B, a decrease of -6.00% over than the figure of -$10.30% in the same quarter last year. There is a high estimate of $1.87B for the next quarter, whereas the lowest estimate is $1.64B.
A total of 14 analysts have provided revenue estimates for OLN’s current fiscal year. The highest revenue estimate was $7.34B, while the lowest revenue estimate was $6.66B, resulting in an average revenue estimate of $7.04B. In the same quarter a year ago, actual revenue was $6.83B, up 3.10% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $7.53B in the next fiscal year. The high estimate is $8.06B and the low estimate is $7.03B. The average revenue growth estimate for next year is up 6.90% from the average revenue estimate for this year.
