Separately, analysts at Longbow Research downgraded shares of Olin from a “buy” rating to a “neutral” rating in a research note to investors on Monday.
Olin traded down 0.24% on Monday, hitting $20.91. Olin has a 52-week low of $16.11 and a 52-week high of $26.12. The company has a market cap of $1.675 billion and a price-to-earnings ratio of 11.54.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.48 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.42 EPS by $0.06. The company’s quarterly revenue was up 16.3% on a year-over-year basis. Analysts expect that Olin will post $0.58 EPS next quarter.
Olin Corporation is a manufacturer concentrated in two business segments: Chlor Alkali Products and Winchester.