Olin Corp. (OLN) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Olin Corporation First Quarter 2024 Earnings Conference Call Announcement.

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Stocks Info

Olin Corp. is listed on the NYSE in the Basic Materials sector while operating in the Specialty Chemicals industry. The current market capitalization of Olin Corp. is $7.13B. A total of 0.88 million shares were traded on the day, compared to an average of 1.08M shares.

In the most recent transaction, Sutton Scott McDougald sold 48,896 shares of OLN for 52.39 per share on Feb 27 ’24. After the transaction, the President & CEO now owns 90,327 company shares. In a previous transaction on Feb 27 ’24, FLAUGHER BRETT A sold 10,000 shares at 52.20 per share. OLN shares that VP & Pres, Winchester owns now total 77,763.

Among the insiders who sold shares, Sutton Scott McDougald disposed of 16,924 shares on Feb 26 ’24 at a per-share price of $52.56. This resulted in the President & CEO holding 90,327 shares of OLN after the transaction. In another insider transaction, FLAUGHER BRETT A sold 15,000 shares at $52.46 per share on Feb 26 ’24. Company shares held by the VP & Pres, Winchester now total 8,782.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Olin Corp. pays an annual dividend of $0.80, resulting in a dividend yield of 1.35%, and it has a price to earnings (P/E) ratio of 16.77. OLN’s most recent ex-dividend date was 3/6/2024 when it declared a $0.20 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/8/2023 with an ex-dividend date of 11/8/2023. The OLN stock dividend was $0.20 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, OLN has a high of $59.95 and a low of $41.71.

As of this writing, OLN has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $0.47 per share and a lower estimate of $0.28. The company reported an EPS of $0.91 in the last quarter, which was 23.00% higher than expectations of $0.74.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. OLN’s latest balance sheet shows that the firm has $180.50M in Cash & Short Term Investments as of fiscal 2021. There were $3.16B in debt and $1.68B in liabilities at the time. Its Book Value Per Share was $18.57, while its Total Shareholder’s Equity was $2.65B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OLN is Buy with a score of 3.64.

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