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

Orion S.A. (NYSE:OEC) declared a quarterly dividend on Thursday, June 25th. Investors of record on Monday, July 6th will be paid a dividend of 0.0207 per share by the specialty chemicals company on Wednesday, October 7th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, July 6th.

Orion has decreased its dividend by an average of 0.2%annually over the last three years. Orion has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Orion to earn $0.38 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 21.1%.

Orion Stock Up 4.6%

Shares of OEC opened at $7.16 on Friday. The stock has a fifty day moving average of $7.29 and a 200-day moving average of $6.36. Orion has a 52 week low of $4.34 and a 52 week high of $11.62. The stock has a market capitalization of $403.46 million, a price-to-earnings ratio of -4.47 and a beta of 0.97. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.62 and a current ratio of 1.00.

Orion (NYSE:OEC) last released its quarterly earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.18). Orion had a positive return on equity of 2.23% and a negative net margin of 4.98%.The firm had revenue of $459.50 million for the quarter, compared to the consensus estimate of $434.31 million. As a group, sell-side analysts anticipate that Orion will post 0.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on OEC shares. Wall Street Zen raised Orion from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Zacks Research upgraded shares of Orion from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings restated a “sell (d)” rating on shares of Orion in a report on Tuesday, April 21st. Finally, UBS Group boosted their target price on shares of Orion from $7.00 to $7.50 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus price target of $5.92.

Orion Company Profile

Orion Engineered Carbons SA, operating as Orion (NYSE: OEC), is a global producer of carbon black, a critical performance additive used to enhance the strength, durability and conductivity of various materials. The company’s products chiefly serve the tire and rubber industry, where carbon black imparts wear resistance and longevity, as well as the plastics, coatings, inks and battery components markets, where specialty grades deliver tailored conductivity and color properties.

Orion’s product portfolio is organized into two core segments: Rubber and Specialty and Chemical Specialties.