Oil-Dri Co. of America (NYSE:ODC) Announces Earnings Results

Oil-Dri Co. of America (NYSE:ODC) issued its earnings results on Thursday. The specialty chemicals company reported $1.77 earnings per share (EPS) for the quarter, Zacks reports. Oil-Dri Co. of America had a net margin of 8.23% and a return on equity of 24.45%. The business had revenue of $105.67 million for the quarter.

Oil-Dri Co. of America Trading Up 4.1 %

NYSE ODC traded up $3.00 during trading on Friday, hitting $76.79. 13,460 shares of the company’s stock traded hands, compared to its average volume of 12,748. The stock has a fifty day moving average of $67.83 and a two-hundred day moving average of $63.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.61 and a quick ratio of 1.78. Oil-Dri Co. of America has a 12-month low of $34.63 and a 12-month high of $77.50. The firm has a market cap of $560.57 million, a P/E ratio of 15.42 and a beta of 0.65.

Oil-Dri Co. of America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.16 annualized dividend and a yield of 1.51%. Oil-Dri Co. of America’s payout ratio is 23.34%.

Insider Buying and Selling at Oil-Dri Co. of America

In other news, VP Aaron Christiansen sold 1,070 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $66.31, for a total transaction of $70,951.70. Following the completion of the sale, the vice president now directly owns 20,000 shares in the company, valued at $1,326,200. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 12.28% of the company’s stock.

Institutional Trading of Oil-Dri Co. of America

Several institutional investors and hedge funds have recently bought and sold shares of ODC. UBS Group AG increased its position in shares of Oil-Dri Co. of America by 71.4% during the second quarter. UBS Group AG now owns 2,400 shares of the specialty chemicals company’s stock valued at $74,000 after acquiring an additional 1,000 shares in the last quarter. California State Teachers Retirement System bought a new stake in shares of Oil-Dri Co. of America during the second quarter valued at approximately $96,000. Bank of America Corp DE increased its position in shares of Oil-Dri Co. of America by 945.1% during the first quarter. Bank of America Corp DE now owns 2,550 shares of the specialty chemicals company’s stock valued at $106,000 after acquiring an additional 2,306 shares in the last quarter. BNP Paribas Arbitrage SNC increased its position in shares of Oil-Dri Co. of America by 5,743.8% during the second quarter. BNP Paribas Arbitrage SNC now owns 1,870 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 1,838 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new stake in shares of Oil-Dri Co. of America during the second quarter valued at approximately $154,000. 48.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Oil-Dri Co. of America from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th.

About Oil-Dri Co. of America

Oil-Dri Corporation of America, together with its subsidiaries, develops, manufactures, and markets sorbent products in the United States and internationally. It operates in two segments, Retail and Wholesale Products Group, and Business to Business Products Group. The company provides agricultural and horticultural products, including mineral-based absorbent products that serve as carriers for biological and chemical active ingredients, drying agents, and growing media under the Agsorb, Verge, and Flo-Fre brand names.