Olin Company OLN reported upbeat outcomes for its fourth quarter, after the closing bell on Thursday.
The corporate posted quarterly earnings of 9 cents per share which beat the analyst consensus estimate of a lack of 3 cents per share. The corporate reported quarterly gross sales of $1.671 billion which beat the analyst consensus estimate of $1.549 billion.
Ken Lane, President, and Chief Govt Officer, stated, “Whereas we anticipate difficult business situations to proceed into 2025, we’ll keep targeted on optimizing our core companies via our value-first industrial strategy in addition to controlling our prices as we described throughout our Investor Day in December. We stay assured in our capacity to generate greater trough-level earnings and money circulate regardless of the troublesome surroundings.”
Olin shares fell 5.1% to commerce at $27.81 on Monday.
These analysts made adjustments to their value targets on Olin following earnings announcement.
- Keybanc analyst Aleksey Yefremov maintained Olin with an Obese and lowered the worth goal from $50 to $40.
- Wells Fargo analyst Michael Sison maintained Olin with an Equal-Weight and lowered the worth goal from $40 to $31.
- Truist Securities analyst Peter Osterland maintained the inventory with a Maintain and lower the worth goal from $38 to $32.
- Barclays analyst Michael Leithead maintained the inventory with an Equal-Weight and slashed the worth goal from $43 to $34.
Contemplating shopping for OLN inventory? Right here’s what analysts assume:
Learn This Subsequent:
Overview Score:
Speculative
Market Information and Information dropped at you by Benzinga APIs
© 2025 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
