This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Earnings Watch: 10 Chemical Stocks

9. Olin (OLN - Get Report) is a manufacturer concentrated in two business segments: Chlor Alkali Products and Winchester. The chlor alkali products line includes chlorine and caustic soda, sodium hydrosulfite, hydrochloric acid, hydrogen, bleach products and potassium hydroxide, while the Winchester products segment comprise of sporting ammunition, reloading components, small-caliber military ammunition and components, and industrial cartridges.

The company is scheduled to report its first quarter 2011 results on April 28. Net income is projected to increase 65% to $23.3 million or 28 cents per share from $14.1 million or 18 cents per share in the comparable quarter of last year. Moreover, total revenue is expected to increase 16.1% year-over-year to $420.1 million, according to analysts polled by Bloomberg.

During Feb. 2011, the company acquired PolyOne Corporation's 50% interest in the SunBelt-Chlor Alkali partnership for $132.3 million in cash, plus the assumption of a PolyOne guarantee related to the partnership debt. The plant has approximately 350,000 tons of membrane technology capacity. The acquisition is expected to be accretive to EBITDA and earnings in 2011.

Of the nine analysts covering the stock, 67% recommend it a buy, while 22% rate it a hold. On average, analysts expect an upside of 12.5% to $27.88 in value from current levels. Moreover, analysts at UBS increased their price target on the stock to $25 from $19, while maintaining a neutral rating. The stock has gained 22% during the past one month.

2 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
GGC $54.58 0.00%
ALB $52.59 -0.47%
FOE $12.46 -0.68%
IPHS $57.69 2.40%
KRA $20.25 0.20%


DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs