Orion Engineered Carbons S.A (OEC) to Post Q3 2017 Earnings of $0.42 Per Share, KeyCorp Forecasts

Orion Engineered Carbons S.A (NYSE:OEC) – Equities researchers at KeyCorp boosted their Q3 2017 earnings estimates for shares of Orion Engineered Carbons S.A in a report issued on Sunday. KeyCorp analyst M. Sison now forecasts that the specialty chemicals company will earn $0.42 per share for the quarter, up from their prior forecast of $0.40. KeyCorp also issued estimates for Orion Engineered Carbons S.A’s FY2017 earnings at $1.71 EPS and FY2018 earnings at $1.94 EPS.

OEC has been the subject of a number of other research reports. BidaskClub cut shares of Orion Engineered Carbons S.A from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Orion Engineered Carbons S.A in a research report on Thursday, May 11th. They set a “neutral” rating and a $21.00 price objective for the company. Zacks Investment Research raised shares of Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, July 11th. J P Morgan Chase & Co cut shares of Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $23.00 in a research report on Monday. Finally, UBS AG reaffirmed a “neutral” rating and set a $20.00 price objective (down previously from $21.00) on shares of Orion Engineered Carbons S.A in a research report on Friday, May 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Orion Engineered Carbons S.A currently has a consensus rating of “Buy” and an average target price of $22.60.

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Shares of Orion Engineered Carbons S.A (NYSE:OEC) opened at 20.00 on Wednesday. Orion Engineered Carbons S.A has a 1-year low of $16.95 and a 1-year high of $24.55. The company has a market cap of $1.19 billion, a P/E ratio of 21.69 and a beta of 0.51. The stock’s 50 day moving average is $20.87 and its 200 day moving average is $20.09.

A number of institutional investors have recently modified their holdings of OEC. LSV Asset Management acquired a new position in shares of Orion Engineered Carbons S.A during the second quarter valued at approximately $700,000. Adirondack Research & Management Inc. boosted its position in shares of Orion Engineered Carbons S.A by 11.1% in the second quarter. Adirondack Research & Management Inc. now owns 127,723 shares of the specialty chemicals company’s stock valued at $2,548,000 after buying an additional 12,763 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Orion Engineered Carbons S.A by 14.7% in the second quarter. JPMorgan Chase & Co. now owns 80,802 shares of the specialty chemicals company’s stock valued at $1,612,000 after buying an additional 10,364 shares in the last quarter. Rovida Advisors Inc. boosted its position in shares of Orion Engineered Carbons S.A by 4.1% in the second quarter. Rovida Advisors Inc. now owns 2,810,000 shares of the specialty chemicals company’s stock valued at $55,919,000 after buying an additional 110,000 shares in the last quarter. Finally, Keybank National Association OH boosted its position in shares of Orion Engineered Carbons S.A by 5.4% in the second quarter. Keybank National Association OH now owns 62,500 shares of the specialty chemicals company’s stock valued at $1,247,000 after buying an additional 3,200 shares in the last quarter. 39.11% of the stock is owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, September 20th will be given a $0.169 dividend. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.68 annualized dividend and a yield of 3.38%. Orion Engineered Carbons S.A’s dividend payout ratio is presently 88.24%.

Orion Engineered Carbons S.A Company Profile

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

Earnings History and Estimates for Orion Engineered Carbons S.A (NYSE:OEC)

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