In the last trading session, 1,142,900 shares of the Olin Corporation (NYSE:OLN) were traded, and its beta was 1.27. Most recently the company’s share price was $39.61, and it changed around -$0.01 or 0% from the last close, which brings the market valuation of the company to $6.29 Billion. OLN currently trades at a discount to its 52-week high of $42.27, offering almost -6.72% off that amount. The share price’s 52-week low was $9.67, which indicates that the current value has risen by an impressive 75.59% since then. We note from Olin Corporation’s average daily trading volume that its 10-day average is 1.46 Million shares, with the 3-month average coming to 1.52 Million.
Olin Corporation stock received a consensus recommendation rating of Overweight, based on a mean score of 2.3. If we narrow it down even further, the data shows that none out of 15 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 7 recommended OLN as a Hold, whereas 8 deemed it a Buy, and no one rated it as Underweight. Olin Corporation is expected to report earnings per share of $1.11 for the current quarter.
Olin Corporation (NYSE:OLN): Trading Information
Although OLN has showed a red trend with a performance of -0.03% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $40.50 on Tuesday, Apr 06 increased the stock’s daily price by 2.2%. The company’s shares are currently up 0.61% year-to-date, but still up 0.0243 over the last five days. On the other hand, Olin Corporation (NYSE:OLN) is 0.27% up in the 30-day period. We can see from the shorts that 3.16 Million shares have been sold at a short interest cover period of 2.08 day (s).
The consensus price target as assigned by Wall Street analysts is $43.07, which translates to bears needing to increase their stock price by 8.74% from its current value. Analyst projections state that OLN is forecast to be at a low of $26 and a high of $56. In order for the stock price to hit the forecast high, the stock would need to surge +41.38% from its current level, while the stock would need to crash -34.36% from its current level to reach the projected low.
Olin Corporation (OLN) projections and forecasts
Olin Corporation share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +206.34 percent over the past six months and at a -385.19% annual growth rate that is well below the industry average of 15.9%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +384.6% in revenue this quarter, and will report an increase of 256.7% in the next quarter. The year-over-year growth rate is expected to be 29.4%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $1.91 Billion in revenue for the current quarter. 8 analysts expect Olin Corporation to make $1.88 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $1.43 Billion and $1.24 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 34.3%. Forecasts for the next quarter put sales growth at 51.5%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 6.37%. Olin Corporation earnings are expected to increase by 352.3% in 2021, but the outlook is positive 2.3% per year for the next five years.
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OLN Dividend Yield
Olin Corporation’s next quarterly earnings report is expected to be released around April 27, 2021. The annual dividend yield of the stock is 2.02 percent and its annual dividend per share was $0.8. It is important to note, however, that the 2.02% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.7% per year.
Olin Corporation (NYSE:OLN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0.48% of Olin Corporation shares, and 86.4% of them are in the hands of institutional investors. The stock currently has a share float of 86.81%. Olin Corporation stock is held by 381 institutions, with FMR, LLC being the largest institutional investor. By Dec 30, 2020, it held 14.93% of the shares, which is about 23.68 Million shares worth $581.56 Million.
Sachem Head Capital Management, LP, with 9.42% or 14.95 Million shares worth $367.17 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Fidelity Series Stock Selector Large Cap Value Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 4148251 shares worth $128.35 Million, making up 2.61% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 4.04 Million shares worth around $99.18 Million, which represents about 2.55% of the total shares outstanding.