Olin Corporation (NYSE:OLN) is a leading manufacturer of chemicals and ammunition, operating through three segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester. Competing with other chemical manufacturers like Dow Inc. and Westlake Chemical, Olin has shown resilience in its financial performance. On February 3, 2025, Peter Osterland from Truist Financial set a price target of $32 for OLN, suggesting a potential 15.27% increase from its current price of $27.76.
Olin's recent financial performance supports this optimistic outlook. In the fourth quarter of 2024, the company reported a net income of $10.7 million, or 9 cents per share. Although this was a decline from the previous year's $52.9 million or 43 cents per share, it exceeded the Zacks Consensus Estimate. This indicates that Olin is performing better than analysts expected.
The company's adjusted EBITDA for the quarter was $193.4 million, slightly down from $210.1 million in the same quarter last year. Despite this decrease, Olin's revenues reached $1.67 billion, surpassing the Zacks Consensus Estimate of $1.61 billion. This result was driven by higher volumes and selling prices in the Chlor Alkali Products and Vinyls segment, as well as strong performance from the Winchester unit.
Currently, OLN's stock is priced at $27.75, reflecting a decrease of 5.26% or $1.54. The stock has fluctuated between a low of $27.15 and a high of $28.62 today. Over the past year, OLN has reached a high of $60.60 and a low of $27.15. The company's market capitalization is approximately $3.24 billion, with a trading volume of 2,702,693 shares on the NYSE.
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