Onex (OTCMKTS:ONEXF) Announces Earnings Results

Onex (OTCMKTS:ONEXF) announced its quarterly earnings results on Friday. The company reported ($0.02) earnings per share (EPS) for the quarter, Zacks reports. Onex had a net margin of 68.14% and a return on equity of 7.94%.

Onex Stock Performance

Shares of OTCMKTS ONEXF remained flat at $77.60 during midday trading on Friday. 7,569 shares of the company traded hands, compared to its average volume of 11,400. Onex has a one year low of $61.24 and a one year high of $85.07. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 8.81 and a beta of 1.55. The firm has a 50-day moving average of $78.25 and a 200-day moving average of $74.40. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.01.

Onex Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 13th were given a $0.0721 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a dividend yield of 0.37%. Onex’s dividend payout ratio is 3.18%.

Analyst Ratings Changes

Separately, TD Securities raised Onex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

About Onex

Onex Corporation is a private equity firm specializing in acquisitions and platform acquisitions. The firm makes investments in buyouts, large- middle market, large-cap, mid-cap, and small-cap market and distressed companies. It also invests in recapitalization, growth capital, corporate carve-outs of subsidiaries and mission-critical supply divisions from multinational corporations, operational restructurings of undervalued businesses, and builds up.