Orion Engineered Carbons S.A (NYSE:OEC) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.27 per share.
Looking ahead, the full year income are expected at $ 0.84 per share on the revenues of $ 1140.58 million.
Previous Quarter Performance
Orion Engineered Carbons S.A came out with loss for the second quarter of $ 0.14 per share, from the revenue of $ 202.65 million. The quarterly revenues dropped 48.26 percent compared with the same quarter last year. Street analysts expected Orion Engineered Carbons S.A to report loss of $ 0.23 per share on revenue of $ 180.02 million for the second quarter. The bottom line results beat street analysts by $ 0.09 or 39.13 percent, at the same time, top line results outshined analysts by $ 22.63 million or 12.57 percent.
Stock Performance
Shares of Orion Engineered Carbons S.A traded low $ -0.97 or -6.25 percent on Wednesday, reaching $ 14.56 with volume of 204.30 thousand shares. Orion Engineered Carbons S.A has traded high as $ 15.49 and has cracked $ 14.54 on the downward trend
The closing price of $ 14.56, representing a 161.89 % increase from the 52 week low of $ 5.93 and a 25.26 % decrease over the 52 week high of $ 20.78.
The company has a market capital of $ 880.69 million and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by UBS Group at Buy rating, with $ 16.00 target price.
Orion Engineered Carbons S.A., together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, China, South Africa, the rest of Europe, and internationally. It operates through two segments, Specialty Carbon Black and Rubber Carbon Black. The company offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.
