2024-07-05 12:56:38 ET
Summary
- Today, we take an in-depth look at Olin Corporation, which manufactures chemical products globally, including ammunition through its Winchester brand.
- The stock is down some 15% so far in 2024 as earnings should decline slightly in FY2024 even as sales are forecast to grow.
- While estimates for FY2025 vary widely, profits should rebound sharply in the coming fiscal year.
- An analysis of Olin Corporation follows in the paragraphs below.
Today, we are going to put chemical manufacturer Olin Corporation ( OLN ) in the spotlight. The stock is selling at a more than reasonable valuation based on FY2025 earnings estimates. However, the company might find itself a " target" in what looks like another contentious election season, given its role in producing ammunition via its well-known Winchester brand. In addition, analyst firms give a wide range of profit estimates for the company's next fiscal year. The shares are down nearly 15% year to date. Buy, Sell, or Hold? An analysis follows below....
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For further details see:
Olin Corporation: Earnings Could 'Boom' Next Year