Olin Corporation (NYSE:OLN) Given Price Target Of $24.75


As per Olin Corporation (NYSE:OLN)’s news release on 2016-07-29, its shareholders will get cash dividend of $0.2 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-10 and 2016-09-09, respectively.

The stock will commence trading ex-dividend from 2016-08-08, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Olin Corporation (NYSE:OLN) disbursed $0.2 in dividend compared to distribution of $0.2, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 0%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Olin Corporation (NYSE:OLN) to attain a price target of $24.75. It is an average estimate figure given by 4 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $29. The low price range is set at $20 for next year while the arithmetic mean is seen at 2.

Eyeing Earnings Olin Corporation (NYSE:OLN) is likely to post quarterly numbers around 2016-11-07 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.34 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Olin Corporation (NYSE:OLN) earnings came at $0.24 suggesting a deviation of $0. The brokerages targeted EPS of $0.24 for the quarter.

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