Oil-Dri Corp of America Up 4.52% To $76.46 After Earnings

Oil-Dri Corp of America (ODC) said after close Thursday that it earned $1.77 per share in quarter two 2024. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $105.7 million in revenue

In the same quarter a year ago, the company earned $0.85 per share on revenue of $101.7 million.

The stock is up 4.52% to $76.46 after the report.

Oil-Dri Corp of America's earnings expanded faster than revenues, signaling widening profit margins.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Oil-Dri Corp of America has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 82, putting Oil-Dri Corp of America in the top 25% of stocks. The firm was recently trading at a 52-week high of $74.05 on March 6, 2024 and set a 52-week low on March 23, 2023 at $34.63.

Oil-Dri Corp of America develops, manufactures, and markets sorbent products made primarily from clay. Its absorbent offerings, which draw liquid up, include cat litter, floor products, toxin control substances for livestock, and agricultural chemical carriers. The company has two segments based on the different characteristics of two primary customer groups namely Retail and Wholesale Products Group and Business to Business Products Group. The company's products are sold under various brands such as Cat's Pride, Jonny Cat, Amlan, Agsorb, Verge, Pure-Flo, and Ultra-Clear.