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Sep 22, 2022 10:55 AM - Davit Kirakosyan
RBC Capital analysts lowered their estimates and price target to $58 from $70 on Olin Corporation (NYSE:OLN) following the company’s updated guidance announcement.
The company updated its Q3 EBITDA guidance to $530-$550 million, approximately 13% lower than its previous guidance. The company also noted that Q4/23 EBITDA will be at recessionary levels due to weaker than expected demand, especially in Europe and North America vinyls and epoxy intermediates.
In addition, Winchester experienced lower-than-expected commercial ammunition volumes as customers' supply chain inventories were overfilled across some ammunition calibers.
The analysts reduced their Q3 EPS/EBITDA estimates to $1.75/$530 million from $2.21/$620 million. For Q4, the analysts now expect $407 million in EBITDA, down from $552 million previously.
The analysts lowered their fiscal 2022/2023 EPS/EBITDA estimates to 8.35/$2.375 billion and $5.50/ $1.68 billion, respectively, down from $9.48/$2.61 billion and $8.44/$2.26 billion.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...