For its second fiscal quarter (ending June 30), Olin Corp (NYSE: OLN) has reported a -45% decline in E.P.S. from $1.15 a year ago to $0.63 in the current quarter. This performance was $-0.08 short of the consensus estimate of $0.71. E.P.S. were $2.31 for the latest four quarters through June 30 versus $6.04 for the same period a year ago — a decline of -62%.
Recent Price Action
On 7/25/24, Olin Corp (NYSE: OLN) stock increased 1.7%, closing at $48.04. Moreover, trading volume in this advance was above average at 145% of normal. The stock has performed in line with the market over the last nine months and has declined -4.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, OLN is expected to continue to be a major Value Builder.
Olin has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Olin has a neutral Power Rating of 50 and a neutral Appreciation Score of 56, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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