Stocks under Consideration: Olin Corp. (NYSE:OLN)


Olin Corp. (NYSE:OLN) added 2.69% and closed its last session at $26. The stock has the market capitalization of $4.3 Billion with the total outstanding shares of 165.27 Million. Olin Corp.. has Analysts’ Mean Recommendation of 2 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 0 for trailing twelve months while its Forward P/E is 19.89.

Olin Corp. (NYSE:OLN) touched its 52-Week High of $26.46 on Jul 21, 2016 while it’s 52-Week Low of $12.29 on Feb 9, 2016. The company currently has Return on Assets of -0.9 percent, Return on Equity of -3.6% and Return on Investment of 1.5 percent. The stock currently showing Weekly Volatility of 1.90%% and Monthly Volatility of 2.94% Percent with Average True Range of 0.66 and Beta of 1.37.

The 9 analysts offering 12-month price forecasts for Olin Corp have a median target of 26.00, with a high estimate of 29.00 and a low estimate of 17.00. The median estimate represents a 0.00% increase from the last price of 26.00.

Press Release:

The Company on 31 October declared financial results for the third quarter ended September 30, 2016.

The third quarter 2016 reported net income was $17.5 million, or $0.11 per diluted share.  Third quarter 2016 adjusted EBITDA of $221.9 million reflects depreciation and amortization expense of $135.3 million, restructuring charges of $5.2 million, and acquisition-related integration costs of $13.1 million.  Adjusted net income from operations per share was $0.33 per diluted share, which excludes the aforementioned restructuring charges, acquisition-related integration costs and $40.4 million of step-up depreciation and amortization expense.  Sales in the third quarter 2016 were $1,452.7 million.

John E. Fischer, President and Chief Executive Officer, said, “Third quarter results showed sequential improvement across all three segments from the second quarter.  Despite higher natural gas and purchased ethylene costs in the third quarter, Chlor Alkali Products and Vinyls segment earnings improved as a result of higher caustic soda prices and higher volumes.  We expect that the positive pricing trends in caustic soda will continue for the foreseeable future given improved caustic soda industry fundamentals.  As a point of reference, if Olin’s forecasted fourth quarter 2016 caustic soda price remains constant through 2017, the year-over-year improvement on a full year basis in adjusted EBITDA would be approximately $100 million.

Company Profile:

Olin Corporation is a manufacturer concentrated in chemicals, metals and ammunition. The chemicals segment is divided into divisions: Chlor-Alkali, Chemicals and Microelectronic Materials. Chlor-alkali includes chlor-alkali products, sodium hydrosulfite and high strength bleach products. Chemicals includes pool chemicals, biocides, hydrazine, polyols, propylene glycols and surfactants and fluids. Microelectronic Materials includes image-forming and electronic interconnect materials and services. The metals and ammunition segment produces copper alloy sheet, strip, rod, wire, and ammunition.