Orion Engineered Carbons SA (OEC) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.28 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.30. The company posted revenue of $247.89 million in the period, compared to analysts expectations of $262.52 million. The company’s revenue was down -12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.
Many Wall Street Analysts have commented on Orion Engineered Carbons SA. BB&T Capital Mkts Initiated Orion Engineered Carbons SA on Jun 10, 2016 to “Buy”, Price Target of the shares are set at $24.
Orion Engineered Carbons SA closed down -0.23 points or -1.40% at $16.15 with 1,49,417 shares getting traded on Tusday. Post opening the session at $16.31, the shares hit an intraday low of $16.08 and an intraday high of $16.7 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
Orion Engineered Carbons S.A. formerly Orion Engineered Carbons S.a r.l. is a producer of carbon black. The company operates a carbon black business with more than 280 carbon black grades and approximately 80 rubber carbon black grades. Carbon black is a form of carbon used to improve certain properties of materials into which it is added. The Company operates in two segments: Specialty Carbon Black and Rubber Carbon Black. The Company operates a supply chain network comprising 13 wholly owned production plants and one jointly-owned production plant. The company offers specialty carbon black products which are used as a pigment and as a performance additive in coatings polymers printing and special applications. It also offers rubber carbon black products which are used in the reinforcement of rubber in tires and mechanical rubber goods.