Oil-Dri Co. of America (NYSE:ODC) Issues Quarterly Earnings Results

Oil-Dri Co. of America (NYSE:ODC) issued its quarterly earnings results on Tuesday. The specialty chemicals company reported $0.89 earnings per share (EPS) for the quarter, Zacks reports. Oil-Dri Co. of America had a return on equity of 21.84% and a net margin of 9.92%. The firm had revenue of $116.91 million for the quarter.

Oil-Dri Co. of America Trading Up 8.6 %

Shares of Oil-Dri Co. of America stock opened at $49.52 on Thursday. The stock has a fifty day simple moving average of $43.29 and a 200 day simple moving average of $28.05. Oil-Dri Co. of America has a 12-month low of $29.47 and a 12-month high of $49.72. The company has a market capitalization of $722.74 million, a P/E ratio of 16.00 and a beta of 0.44. The company has a current ratio of 2.63, a quick ratio of 1.61 and a debt-to-equity ratio of 0.20.

Oil-Dri Co. of America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 9th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.25%. Oil-Dri Co. of America’s payout ratio is 19.81%.

Insider Buying and Selling

In related news, VP Christopher B. Lamson sold 3,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $42.75, for a total transaction of $134,833.50. Following the completion of the sale, the vice president now owns 70,796 shares in the company, valued at approximately $3,026,529. This represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amy Ryan sold 2,100 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $41.78, for a total value of $87,738.00. Following the completion of the transaction, the director now owns 3,900 shares of the company’s stock, valued at $162,942. This trade represents a 35.00 % decrease in their position. The disclosure for this sale can be found here. 11.66% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Oil-Dri Co. of America from a “buy” rating to a “hold” rating in a research report on Friday, February 28th.

Oil-Dri Co. of America Company Profile

Oil-Dri Corporation of America is a manufacturer and supplier of specialty sorbent products for the pet care, animal health and nutrition, fluids purification, agricultural ingredients, sports field, industrial and automotive markets. It operates through the Business to Business Products Group and Retail and Wholesale Products Group segments.