Olin Corporation: Q1 Results May Signal A Turning Point (Rating Upgrade) [Seeking Alpha]
Olin Corporation (OLN)
Last olin corporation earnings: 4/29 06:17 pm
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US:NYSE Investor Relations:
olin.com/investor_relations
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Source: Seeking Alpha
The company's Q1 results showed some sequential growth and improved margins in its business units. Olin's new CEO and guidance suggest a path to gradual recovery, leading to my recommendation to buy shares after six months at hold. Shares of Olin Corporation ( NYSE: OLN ) have essentially been dead money over the past year, losing 3% of their value even as the broader market has rallied substantially. The company has struggled with weakness in the PVC market as Chinese construction activity has significantly weakened, and its own management turmoil has added to challenges. I most recently analyzed OLN in early February and have rated shares a hold, given my view guidance has not been credible but that valuation has been cheap, leaving shares around fair value. Over the 6 months I have rated Olin a hold, it has returned 9%, meaningfully below the S&P 500's 16% gain. With a new set of results, now is an opportune time to revisit OLN. I am getting more comfortable with shares and wo
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News
- Winchester to be Featured on the No. 10 Ford Mustang in NASCAR Cup Series [Yahoo! Finance]Yahoo! Finance
- Olin's (OLN) Earnings and Revenues Beat Estimates in Q1 [Yahoo! Finance]Yahoo! Finance
- Olin Corporation (NYSE:OLN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Olin Co. (NYSE: OLN) had its price target raised by analysts at Stifel Nicolaus from $68.00 to $69.00. They now have a "buy" rating on the stock.MarketBeat
- Olin Co. (NYSE: OLN) had its price target lowered by analysts at Royal Bank of Canada from $69.00 to $63.00. They now have an "outperform" rating on the stock.MarketBeat
OLN
Earnings
- 4/25/24 - Beat
OLN
Sec Filings
- 5/6/24 - Form 3
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- OLN's page on the SEC website