$0.75 EPS Expected for Olin Corporation (OLN)

October 2, 2018 - By Linda Rogers

Olin Corporation (NYSE:OLN) LogoInvestors sentiment decreased to 1.03 in 2018 Q2. Its down 0.06, from 1.09 in 2018Q1. It dropped, as 40 investors sold Olin Corporation shares while 78 reduced holdings. 40 funds opened positions while 82 raised stakes. 142.52 million shares or 2.78% more from 138.66 million shares in 2018Q1 were reported.
Aureus Asset Mgmt Lc stated it has 7,211 shares or 0.03% of all its holdings. Hanson Doremus Inv Mngmt invested in 688 shares or 0.01% of the stock. Peak6 Investments Limited Partnership invested 0% in Olin Corporation (NYSE:OLN). Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake. Ellington Mngmt Gp Lc, Connecticut-based fund reported 14,000 shares. Texas Yale Capital Corporation stated it has 0.02% of its portfolio in Olin Corporation (NYSE:OLN). Amalgamated National Bank & Trust reported 31,801 shares or 0.02% of all its holdings. Bluecrest Capital Ltd holds 27,441 shares or 0.02% of its portfolio. 107,900 are owned by Art Advisors Ltd Llc. Federated Invsts Pa invested in 0.01% or 131,557 shares. Bollard Grp Limited Liability Corp, a Massachusetts-based fund reported 3,261 shares. Nordea Investment Ab accumulated 96,651 shares. Korea Investment holds 0.04% in Olin Corporation (NYSE:OLN) or 305,400 shares. Vanguard Group, a Pennsylvania-based fund reported 15.32 million shares. Barclays Public Limited Company invested 0% in Olin Corporation (NYSE:OLN).

Since May 4, 2018, it had 1 buying transaction, and 0 selling transactions for $15,445 activity.

Analysts expect Olin Corporation (NYSE:OLN) to report $0.75 EPS on October, 29.They anticipate $0.40 EPS change or 114.29 % from last quarter’s $0.35 EPS. OLN’s profit would be $125.25 million giving it 8.46 P/E if the $0.75 EPS is correct. After having $0.54 EPS previously, Olin Corporation’s analysts see 38.89 % EPS growth. The stock decreased 1.13% or $0.29 during the last trading session, reaching $25.39. About 2.93M shares traded or 65.14% up from the average. Olin Corporation (NYSE:OLN) has declined 5.95% since October 2, 2017 and is downtrending. It has underperformed by 21.57% the S&P500.

Olin Corporation (NYSE:OLN) Ratings Coverage

Among 5 analysts covering Olin (NYSE:OLN), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Olin had 7 analyst reports since April 10, 2018 according to SRatingsIntel. RBC Capital Markets maintained Olin Corporation (NYSE:OLN) on Tuesday, April 17 with “Buy” rating. The company was downgraded on Friday, April 20 by Nomura. The rating was maintained by Susquehanna on Thursday, August 2 with “Positive”. The stock has “Buy” rating by Citigroup on Wednesday, July 11. The stock of Olin Corporation (NYSE:OLN) earned “Hold” rating by RBC Capital Markets on Monday, June 11. The stock of Olin Corporation (NYSE:OLN) has “Buy” rating given on Tuesday, April 10 by Citigroup.

Olin Corporation manufactures and distributes chemical products in the United States and internationally. The company has market cap of $4.24 billion. It operates through three divisions: Chlor Alkali Products and Vinyls; Epoxy; and Winchester. It has a 6.9 P/E ratio. The Chlor Alkali Products and Vinyls segment offers chlorine and caustic soda, ethylene dichloride and vinyl chloride monomers, methyl chloride, methylene chloride, chloroform, carbon tetrachloride, perchloroethylene, trichloroethylene and vinylidene chloride, hydrochloric acid, hydrogen, bleach products, and potassium hydroxide.

Olin Corporation (NYSE:OLN) Institutional Positions Chart

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