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

Orion S.A. (NYSE:OEC) announced a quarterly dividend on Thursday, June 20th, NASDAQ reports. Shareholders of record on Monday, July 1st will be given a dividend of 0.0207 per share by the specialty chemicals company on Wednesday, October 9th. This represents a $0.08 annualized dividend and a yield of 0.38%. The ex-dividend date is Monday, July 1st.

Orion has decreased its dividend payment by an average of 25.5% per year over the last three years. Orion has a payout ratio of 3.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

NYSE OEC opened at $21.94 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.45 and a quick ratio of 0.85. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 14.82 and a beta of 1.60. The company’s fifty day moving average is $24.01 and its two-hundred day moving average is $23.96. Orion has a 52-week low of $19.32 and a 52-week high of $28.48.

Orion (NYSE:OEC) last posted its quarterly earnings results on Thursday, May 2nd. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.11). The company had revenue of $502.90 million during the quarter, compared to analyst estimates of $506.38 million. Orion had a return on equity of 21.07% and a net margin of 4.64%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. Equities research analysts forecast that Orion will post 2.13 EPS for the current year.

Analyst Ratings Changes

OEC has been the topic of several recent research reports. Mizuho lifted their target price on shares of Orion from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. StockNews.com upgraded shares of Orion from a “hold” rating to a “buy” rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $26.25.

Insider Activity

In other Orion news, VP Sandra Niewiem sold 8,305 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $24.21, for a total value of $201,064.05. Following the transaction, the vice president now directly owns 14,099 shares in the company, valued at $341,336.79. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Carlos Quinones purchased 4,000 shares of Orion stock in a transaction on Monday, June 10th. The shares were purchased at an average cost of $23.51 per share, for a total transaction of $94,040.00. Following the completion of the transaction, the vice president now directly owns 69,702 shares in the company, valued at $1,638,694.02. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Sandra Niewiem sold 8,305 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $24.21, for a total transaction of $201,064.05. Following the completion of the transaction, the vice president now owns 14,099 shares in the company, valued at $341,336.79. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

Orion Company Profile

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.