Olin Stock (NYSE:OLN), Trade Ideas

Olin

Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.

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Olin Corp

OMNI LITE INDUS CDA INC by Omni-Lite Industries Canada Inc.

Omni-Lite Industries Canada Inc

OneLink Corp

Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.37 by 8.11 percent. The company reported quarterly sales of $1.635 billion which missed the analyst consensus estimate of $1.650 billion by 0.89 percent. This is a 11.33 percent decrease over sales of $1.844 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Olin Q1 2024 GAAP EPS $0.40 Beats $0.37 Estimate, Sales $1.635B Miss $1.650B Estimate

Plug Power, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading higher in the premarket session on Tuesday.</a>
In a press release, the company said&nbsp;it&nbsp;reached nameplate capacity at its&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38374996/plug-continues-to-make-substantial-advancement-in-hydrogen-generation-buildout" rel="noreferrer noopener">hydrogen plants in Georgia and Tennessee</a>.&nbsp;
With this increased supply from the hydrogen production network, Plug Power will benefit from a lower cost of hydrogen to achieve profitable growth.
Louisiana is on track to achieve mechanical completion by&nbsp;end&nbsp;of the third quarter of 2024, Plug Power said. The company&#8217;s Louisiana plant (Joint venture with&nbsp;Olin Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oln#NYSE">OLN</a>))&nbsp;is projected&nbsp;to add 15 TPD of liquid green hydrogen to Plug Power&#8217;s North American network by the end of&nbsp;the third quarter.
With the addition of the Louisiana plant, Plug Power will have 40 TPD of internal production capacity, meeting&nbsp;the majority&nbsp;of its customer&#8217;s demand.
Under the latest development, the company&#8217;s first green hydrogen plant in Georgia is already reaching a nameplate capacity of 15 tons per day (TPD) of liquid hydrogen production, marking a significant milestone for Plug Power&#8217;s hydrogen network and the hydrogen economy in the U.S.
As a part of the company&#8217;s efforts to restructure the business model, Plug Power implemented price increases across all its offerings, including equipment, service, and fuel.&nbsp;
Price Action: PLUG shares are trading higher by 4.38% to $2.599 premarket at the last check Tuesday. 
Photo via Shutterstock

What's Going On With Plug Power Shares Tuesday?

11 analysts have shared their evaluations of Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $63.64, with a high estimate of $78.00 and a low estimate of $57.00. Observing a 8.69% increase, the current average has risen from the previous average price target of $58.55. 
<img src="https://www.benzinga.com/files/images/story/2024/1713549660_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A clear picture of Olin's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$69.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Patrick Cunningham</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$67.00</td>
<td>$63.00</td>
</tr>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$78.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Michael Leithead</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$59.00</td>
<td>$57.00</td>
</tr>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Duffy Fischer</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Duffy Fischer</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Michael Leithead</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$57.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$64.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Vincent Anderson</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$66.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$58.00</td>
<td>$56.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Olin. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Olin compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Olin's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Olin's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/OLN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Olin analyst ratings.</a>
<h2>Discovering Olin: A Closer Look</h2>
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.
<h3>Understanding the Numbers: Olin's Finances</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Negative Revenue Trend: Examining Olin's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -18.33% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Olin's net margin is impressive, surpassing industry averages. With a net margin of 3.28%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Olin's ROE stands out, surpassing industry averages. With an impressive ROE of 2.32%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Olin's ROA excels beyond industry benchmarks, reaching 0.68%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 1.35, Olin adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What Analysts Are Saying About Olin Stock

RBC Capital analyst Arun Viswanathan maintains Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) with a Outperform and raises the price target from $64 to $69.

Price Target

RBC Capital Maintains Outperform on Olin, Raises Price Target to $69

Citigroup analyst Patrick Cunningham maintains Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) with a Buy and raises the price target from $63 to $67.

Citigroup Maintains Buy on Olin, Raises Price Target to $67

Keybanc analyst Aleksey Yefremov maintains Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) with a Overweight and raises the price target from $66 to $78.

Keybanc Maintains Overweight on Olin, Raises Price Target to $78

Barclays analyst Michael Leithead maintains Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) with a Equal-Weight and raises the price target from $57 to $59.

Barclays Maintains Equal-Weight on Olin, Raises Price Target to $59

Olin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) today announced the filing of antidumping and countervailing duty petitions against five countries related to certain epoxy resins, as part of the U.S. Epoxy Resin Producers Ad Hoc Coalition. The petitions charge that unfairly traded imports of certain epoxy resins from China, India, South Korea, Taiwan, and Thailand are causing material injury to the domestic epoxy resin industry. The petitions further charge that significant subsidies have been provided to the foreign producers by the governments of China, India, South Korea, and Taiwan. The U.S. producers in the Coalition, including Olin, produce epoxy resins, an essential component for which there are no practical substitutes, for various customer applications, including critical U.S. industries such as Aerospace, Automotive, Defense, Electrical Transmission, Semiconductors, and Wind Energy. Having domestically produced epoxy resins is vital to ensuring that the U.S. manufacturing industry is capable of meeting domestic preference requirements contained in important U.S. legislation like The Inflation Reduction Act (IRA), the Bipartisan Infrastructure Law, and the CHIPS and Science Act. The availability of domestic epoxy production is also important to ensure U.S. industry has supply chain resiliency.
&nbsp;
"We have been facing a significant volume of what we believe are unfairly dumped and subsidized imports of epoxy resin into this country," said Florian Kohl, President, Olin Epoxy. "These unfairly traded imports have seriously impacted pricing in the U.S. market, which has resulted in a significant negative effect on our production, sales, and earnings. Without relief under U.S. law, unfairly traded imports will undermine the sustainability of U.S. producers and the welfare of their workers and local communities."
The petitions were filed today with the U.S. Department of Commerce ("Commerce Department") and the U.S. International Trade Commission ("USITC"). The five countries covered by the antidumping petitions and the dumping margins alleged by the domestic industry are as follows:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">COUNTRY&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</td>
<td colspan="1" rowspan="1">DUMPING MARGINS ALLEGED</td>
</tr>
<tr>
<td colspan="1" rowspan="1">China</td>
<td colspan="1" rowspan="1">264.87% - 351.97%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">India</td>
<td colspan="1" rowspan="1">11.43% - 17.50%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">South Korea</td>
<td colspan="1" rowspan="1">30.01% - 69.42%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Taiwan</td>
<td colspan="1" rowspan="1">87.19% - 136.02%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Thailand</td>
<td colspan="1" rowspan="1">163.94% - 205.63%</td>
</tr>
</tbody>
</table>
</figure>
The petitions also allege that the foreign producers benefit from numerous countervailable subsidies. The petitions were filed in response to large volumes of low-priced imports of epoxy resins from the subject countries over the past three years that have injured the domestic epoxy resin producers.
The petitions allege that producers in the subject countries have injured the U.S. epoxy resin producers by selling their products at unfairly low prices that significantly undercut the prices of U.S. producers. As a result, imports of epoxy resins have captured an increasing share of the U.S. market at the direct expense of the U.S. industry. The price declines that U.S. producers have suffered are likely to continue if duties are not imposed to level the playing field.
Antidumping duties are intended to offset the amount by which a product is sold at less than fair value, or "dumped," in the United States. The margin of dumping is calculated by the Commerce Department. Estimated duties in the amount of the dumping are collected from importers at the time of importation. Countervailing duties are intended to offset unfair subsidies that are provided by foreign governments and benefit the production of a particular good. The USITC, an independent agency, will determine whether the domestic industry is materially injured or threatened with material injury by reason of the unfairly traded imports.

Global

Olin Among U.S. Epoxy Resin Producers Filing Trade Cases Against Five Countries; Petitions Charge That Unfairly Traded Imports Of Certain Epoxy Resins From China, India, South Korea, Taiwan, And Thailand Are Causing Material Injury To The Domestic Epoxy Resin Industry

Analysts' ratings for Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) over the last quarter vary from bullish to bearish, as provided by 9 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $61.0, a high estimate of $66.00, and a low estimate of $56.00. This upward trend is evident, with the current average reflecting a 8.08% increase from the previous average price target of $56.44.
<img src="https://www.benzinga.com/files/images/story/2024/1712149252_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Olin among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$60.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Duffy Fischer</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Duffy Fischer</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$61.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Michael Leithead</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$57.00</td>
<td>$49.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$64.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Vincent Anderson</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$66.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$58.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$56.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Aleksey Yefremov</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$66.00</td>
<td>$61.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Olin. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Olin compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Olin's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Olin's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/OLN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Olin analyst ratings.</a>
<h2>Unveiling the Story Behind Olin</h2>
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.
<h3>Olin: Delving into Financials</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Negative Revenue Trend: Examining Olin's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -18.33% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Olin's net margin excels beyond industry benchmarks, reaching 3.28%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Olin's ROE excels beyond industry benchmarks, reaching 2.32%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Olin's ROA stands out, surpassing industry averages. With an impressive ROA of 0.68%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Olin's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.35.
<h2>Analyst Ratings: Simplified</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Olin In The Eyes Of 9 Experts

Wells Fargo analyst Michael Sison maintains Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) with a Equal-Weight and raises the price target from $56 to $60.

Wells Fargo Maintains Equal-Weight on Olin, Raises Price Target to $60

On March 15, 2024, Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) will distribute a dividend payout of $0.20 per share, equating to an annualized dividend yield of 1.56%. Shareholders who owned the stock before the ex-dividend date on March 06, 2024 will receive this payout.
<h3>Olin Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-03-06</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.56%</td>
<td>2024-02-21</td>
<td>2024-03-07</td>
<td>2024-03-15</td>
</tr>
<tr>
<td>2023-11-08</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.78%</td>
<td>2023-10-26</td>
<td>2023-11-09</td>
<td>2023-12-08</td>
</tr>
<tr>
<td>2023-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.44%</td>
<td>2023-07-27</td>
<td>2023-08-10</td>
<td>2023-09-08</td>
</tr>
<tr>
<td>2023-05-10</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.51%</td>
<td>2023-04-27</td>
<td>2023-05-11</td>
<td>2023-06-09</td>
</tr>
<tr>
<td>2023-03-03</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.32%</td>
<td>2023-02-22</td>
<td>2023-03-06</td>
<td>2023-03-13</td>
</tr>
<tr>
<td>2022-11-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.62%</td>
<td>2022-10-26</td>
<td>2022-11-10</td>
<td>2022-12-09</td>
</tr>
<tr>
<td>2022-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.62%</td>
<td>2022-07-28</td>
<td>2022-08-10</td>
<td>2022-09-09</td>
</tr>
<tr>
<td>2022-05-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.54%</td>
<td>2022-04-27</td>
<td>2022-05-10</td>
<td>2022-06-10</td>
</tr>
<tr>
<td>2022-03-03</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.62%</td>
<td>2022-02-23</td>
<td>2022-03-04</td>
<td>2022-03-11</td>
</tr>
<tr>
<td>2021-11-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.45%</td>
<td>2021-10-28</td>
<td>2021-11-10</td>
<td>2021-12-10</td>
</tr>
<tr>
<td>2021-08-09</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.81%</td>
<td>2021-07-22</td>
<td>2021-08-10</td>
<td>2021-09-10</td>
</tr>
<tr>
<td>2021-05-07</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>2.03%</td>
<td>2021-04-21</td>
<td>2021-05-10</td>
<td>2021-06-10</td>
</tr>
</tbody>
</table>
In terms of dividend yield, Olin finds itself in the middle ground among its industry peers, while Westlake Chemical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLKP#NYSE">WLKP</a>) takes the lead with the highest annualized dividend yield at 8.38%.
<h3>Analyzing Olin Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710515135_0.png" alt="dividend chart graph" />
As you can see, from 2020 to 2023, investors observed a stable dividend per share of $0.80 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
<h3>YoY Earnings Growth For Olin</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710515135_1.png" alt="earning chart graph" />
From 2020 to 2023, Olin has demonstrated an upward trend in earnings, with earnings per share rising from $-1.10 to $4.54. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
<h3>Recap</h3>
In this article, we delve into Olin's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.20 per share today, resulting in an annualized dividend yield of 1.56%.
In terms of dividend yield, Olin finds itself in the middle ground among its industry peers, while Westlake Chemical takes the lead with the highest annualized dividend yield at 8.38%.
The unaltered dividend per share during 2020 to 2023 does not diminish the significance of the increasing earnings per share for Olin. This upward trend suggests the company's financial stability and its potential to sustain the distribution of profits to shareholders.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Olin's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

WLKP

Olin: Reliable Progress and Investor Expectations

Tuesday marks the last chance for investors to receive the next dividend payout from Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>). 
<h3>What's Happening</h3>
The company announced on Wednesday that it would pay shareholders a quarterly dividend of 20 cents per share. On Wednesday, Olin will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 20 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own OLN as of the end of Tuesday's session are eligible to receive the 20 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 15, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Olin's Ex-Dividend Date Is Wednesday, Here's What You Need To Know

Management

Olin Named Kenneth Lane President, Chief Executive Officer, Succeeding Scott Sutton

A significant insider transaction involving the exercise of company stock options was reported on February 1, by VALERIE PETERS, VP at Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>), as per the latest SEC filing.
What Happened: In an insider options sale disclosed in a Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0000074303/000007430324000020//Archives/edgar/data/74303/000007430324000020/0000074303-24-000020-index.htm">U.S. Securities and Exchange Commission</a>, PETERS, VP at Olin, exercised stock options for 71,800 shares of OLN. The transaction value amounted to $2,323,388.
As of Friday morning, Olin shares are down by 0.21%, with a current price of $52.5. This implies that PETERS's 71,800 shares have a value of $2,323,388.
<h3>All You Need to Know About Olin</h3>
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.
<h3>Olin: A Financial Overview</h3>
Negative Revenue Trend: Examining Olin's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -3.4% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 11.38%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Olin's EPS reflects a decline, falling below the industry average with a current EPS of 0.44.
</li>
</ul>
Debt Management: Olin's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.35, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Olin's P/E ratio of 14.74 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 0.99 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Olin's EV/EBITDA ratio, surpassing industry averages at 7.2, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
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<h3>The Impact of Insider Transactions on Investments</h3>
It's important to note that insider transactions alone should not dictate investment decisions, but they can provide valuable insights.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Transaction Codes Worth Your Attention</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000074303">Check Out The Full List Of Olin's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Decision: VALERIE PETERS Exercises Options At Olin For $2.32M

On February 2, it was revealed in an SEC filing that McDougald Scott Sutton, Chairman at Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) executed a significant exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Friday with the <a href="https://www.sec.gov/Archives/edgar/data/0000074303/000007430324000023//Archives/edgar/data/74303/000007430324000023/0000074303-24-000023-index.htm">U.S. Securities and Exchange Commission</a>, Sutton, Chairman at Olin, executed a strategic derivative sale. This involved exercising stock options for 205,534 shares of OLN, resulting in a transaction value of $4,832,104.
The latest update on Friday morning shows Olin shares down by 0.21%, trading at $52.5. At this price, Sutton's 205,534 shares are worth $4,832,104.
<h3>About Olin</h3>
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.
<h3>Olin's Economic Impact: An Analysis</h3>
Revenue Challenges: Olin's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -3.4%. This indicates a decrease in top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: With a low gross margin of 11.38%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): Olin's EPS is below the industry average. The company faced challenges with a current EPS of 0.44. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Olin's debt-to-equity ratio stands notably higher than the industry average, reaching 1.35. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Assessing Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 14.74 is lower than the industry average, implying a discounted valuation for Olin's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.99 is above industry norms, reflecting an elevated valuation for Olin's stock and potential overvaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): A high EV/EBITDA ratio of 7.2 reflects market recognition of Olin's value, positioning it as more highly valued compared to industry peers.
</li>
</ul>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
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<h3>Why Insider Transactions Are Important</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000074303">Check Out The Full List Of Olin's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Strategic Sale: McDougald Scott Sutton Decides To Exercise Options Worth $4.83M At Olin

A substantial insider activity was disclosed on February 1, as Slater, VP &amp; CFO at Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>), reported the exercise of a large sell of company stock options.
What Happened: A notable Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0000074303/000007430324000018//Archives/edgar/data/74303/000007430324000018/0000074303-24-000018-index.htm">U.S. Securities and Exchange Commission</a> revealed that Slater, VP &amp; CFO at Olin, exercised stock options for 63,250 shares of OLN, resulting in a transaction value of $1,572,847.
During Thursday's morning session, Olin shares down by 0.0%, currently priced at $52.07. Considering the current price, Slater's 63,250 shares have a total value of $1,572,847.
<h3>Get to Know Olin Better</h3>
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.
<h3>Understanding the Numbers: Olin's Finances</h3>
Negative Revenue Trend: Examining Olin's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -3.4% in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 11.38%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Olin's EPS reflects a decline, falling below the industry average with a current EPS of 0.44.
</li>
</ul>
Debt Management: Olin's debt-to-equity ratio stands notably higher than the industry average, reaching 1.35. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 14.59 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a relatively high Price to Sales ratio of 0.98 as compared to the industry average, the stock might be considered overvalued based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Olin's EV/EBITDA ratio, surpassing industry averages at 7.15, positions it with an above-average valuation in the market.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Impact of Insider Transactions on Investments</h3>
Insider transactions should be considered alongside other factors when making investment decisions, as they can offer important insights.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
When it comes to transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S indicates a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000074303">Check Out The Full List Of Olin's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Engaging In Options Activity, Todd Slater Exercises Options Valued At $1.57M In Olin

Goldman Sachs has decided to maintain its Neutral rating of Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) and raise its price target from $55.00 to $61.00.
Shares of Olin are trading up 0.0% over the last 24 hours, at $53.48 per share.
A move to $61.00 would account for a 14.06% increase from the current share price.
<h3>About Olin</h3>
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Goldman Sachs Maintains Neutral Rating for Olin: Here's What You Need To Know

Goldman Sachs analyst Duffy Fischer maintains Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) with a Neutral and raises the price target from $55 to $61.

Goldman Sachs Maintains Neutral on Olin, Raises Price Target to $61

Goldman Sachs has decided to maintain its Neutral rating of Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) and raise its price target from $55.00 to $61.00.
Shares of Olin are trading down 0.61% over the last 24 hours, at $55.70 per share.
A move to $61.00 would account for a 9.52% increase from the current share price.
<h3>About Olin</h3>
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Alembic Global analyst Hassan Ahmed maintained a Buy rating on Olin (OLN – Research Report) today and set a price target of $60.00. Hassan Ahmed ha...

Olin Corporation: Strong Earnings and Positive Outlook Justify Overweight Rating

Olin (OLN) just unveiled an announcement. Olin Corporation has made key leadership changes, appointing Dr. Florian Kohl as Vice President and Presi...

Olin Announces Leadership Changes, Dividend, and Shareholder Decisions

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Olin (NYSE:<a href="https://investorplace.com/stock-quotes/oln-stock-quote/">OLN</a>) just reported results for the first quarter of 2024.<ul><li>Olin reported earnings per share of 40 cents. This was above the analyst estimate for EPS of 38 cents.</li><li>The company reported revenue of $1.64 billion.</li><li>This was 0.91% worse than the analyst estimate for revenue of $1.65 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/oln-stock-earnings-olin-for-q1-of-2024/">OLN Stock Earnings: Olin Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

OLN Stock Earnings: Olin Beats EPS, Misses Revenue for Q1 2024

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