Orion Engineered Carbons SA (OEC) Releases Earnings Results, Misses Expectations By $-0.02 EPS

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.

Orion Engineered Carbons SA

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