ONEX.TO - Onex Corporation

Toronto - Toronto Delayed Price. Currency in CAD
58.48
-0.27 (-0.46%)
As of 3:31PM EDT. Market open.
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Previous Close58.75
Open58.48
Bid58.40 x 0
Ask58.54 x 0
Day's Range57.64 - 58.81
52 Week Range37.00 - 89.92
Volume153,762
Avg. Volume242,709
Market Cap5.754B
Beta (5Y Monthly)1.20
PE Ratio (TTM)N/A
EPS (TTM)-4.60
Earnings DateAug. 06, 2020
Forward Dividend & Yield0.40 (0.68%)
Ex-Dividend DateJul. 09, 2020
1y Target Est78.12
  • Value Investors: Are These 2 Stocks Cheap or Value Traps?
    The Motley Fool

    Value Investors: Are These 2 Stocks Cheap or Value Traps?

    It is a tough time to be a value investor. Companies that focus on investing in value like ONEX Corp. (TSX:ONEX) were punished in the March crash and haven't recovered. Should investors buy shares of these cheap stocks today or avoid them altogether?The post Value Investors: Are These 2 Stocks Cheap or Value Traps? appeared first on The Motley Fool Canada.

  • GlobeNewswire

    Onex to Announce Second-Quarter Results on August 6, 2020

    All amounts in U.S. dollars unless otherwise stated  TORONTO, July 07, 2020 -- Onex Corporation (TSX: ONEX) will release its results for the six months ended June 30, 2020 on.

  • Is Air Canada (TSX:AC) or ONEX (TSX:ONEX) a Better Airline Bet Today?
    The Motley Fool

    Is Air Canada (TSX:AC) or ONEX (TSX:ONEX) a Better Airline Bet Today?

    Air Canada (TSX:AC) stock appears cheap, but it also carries risk. Is Westjet-owner Onex (TSX:ONEX) a better way to get airline exposure?The post Is Air Canada (TSX:AC) or ONEX (TSX:ONEX) a Better Airline Bet Today? appeared first on The Motley Fool Canada.

  • GlobeNewswire

    Onex Prices Euro CLO-4

    Onex Corporation (“Onex”) (ONEX.TO) announced that Onex Credit Partners, LLC (“Onex Credit”) priced its fourth European collateralized loan obligation (“CLO”) for approximately €250 million. The CLO is expected to close on June 24. This is the firm’s 23rd CLO since launching its CLO platform in 2012.

  • GlobeNewswire

    Onex Agrees to Convertible Preferred Stock Investment in Emerald

    Onex Corporation (“Onex”) (ONEX.TO)  today announced an agreement with Emerald Holding, Inc. (“Emerald” or the “Company”), a leading operator of business-to-business trade shows in the U.S., on a $400 million convertible participating preferred equity (the “Preferred Stock”) investment led by Onex Partners V, Onex’ $7.2 billion fund. Onex Partners has been a significant shareholder of the Company since 2013.

  • GlobeNewswire

    Onex Prices U.S. CLO-19

    Onex Corporation (“Onex”) (ONEX.TO) announced that Onex Credit Partners, LLC (“Onex Credit”) priced its 19th U.S. collateralized loan obligation (“CLO”) for approximately $400 million. The CLO is expected to close on June 25. U.S. CLO-19 will be managed by the Onex Credit team led by Paul Travers.

  • Forget Air Canada (TSX:AC): Buy This Diversified Airline Stock Instead
    The Motley Fool

    Forget Air Canada (TSX:AC): Buy This Diversified Airline Stock Instead

    Everyone loves Air Canada (TSX:AC), but Onex Corporation (TSX:ONEX) might be the better airline stock to buy today. Here's why. The post Forget Air Canada (TSX:AC): Buy This Diversified Airline Stock Instead appeared first on The Motley Fool Canada.

  • GlobeNewswire

    Onex Partners and BPEA Announce Secondary Offering of Clarivate

    Onex Corporation (“Onex”) (TSX: ONEX), Baring Private Equity Asia (“BPEA”), their affiliated funds and certain other shareholders (together the “Group”), today announced the sale of 34.0 million ordinary shares of Clarivate plc (“Clarivate”) (NYSE: CCC) at an offering price of $22.50 per share. The total underwritten offering is 48.0 million, of which 14.0 million ordinary shares are being offered by Clarivate. The underwriters were granted a 30‑day option to purchase up to 7.2 million additional ordinary shares from the Group.

  • This TSX P/E Giant Wants to Pick Up Distressed Assets Amid the Pandemic
    The Motley Fool

    This TSX P/E Giant Wants to Pick Up Distressed Assets Amid the Pandemic

    Here's why Onex stock is a good buy for contrarian investors right now. The post This TSX P/E Giant Wants to Pick Up Distressed Assets Amid the Pandemic appeared first on The Motley Fool Canada.

  • GlobeNewswire

    Onex Continues Expansion of Credit Platform Capabilities with Two New Senior Hires

    Onex Corporation (“Onex”) (ONEX.TO) and Onex Credit have appointed Ronnie Jaber as Head of Structured Products and Chad Valerio as Portfolio Manager for Onex’ Opportunistic Credit team. Mr. Jaber and Mr. Valerio’s appointments are the latest of several new hires reflecting Onex Credit’s efforts to build out the platform from its well-established core bank loan and CLO businesses. Mr. Jaber will lead a growing team that will have an immediate impact on Onex Credit’s CLO platform, focusing on investing in CLO tranches in the secondary market.

  • GlobeNewswire

    Onex Prices U.S. CLO for $400 Million

    Onex Corporation (“Onex”) (ONEX.TO) announced that Onex Credit Partners, LLC (“Onex Credit”) priced its 18th U.S. collateralized loan obligation (“CLO”) for approximately $400 million. The CLO is expected to close on May 28, 2020. CLO-18 will be managed by the Onex Credit team led by Paul Travers.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (14,638.90 , up 129.24 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up $6.15, or 66.85 per cent, to $15.35 on 18 million shares.Kinross Gold Corp. (TSX:K). Materials. Up 37 cents, or 3.66 per cent, to $10.49 on 7.8 million shares.B2Gold Corp. (TSX:BTO). Materials. Up 26 cents, or 3.53 per cent, to $7.62 on 7.3 million shares.Aphria Inc. (TSX:APHA). Health care. Up 49 cents, or 11.64 per cent, to $4.70 on 7.1 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 85 cents, or 3.67 per cent, to $23.99 on 6.8 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Up 27 cents, or 5.47 per cent, to $5.21 on 6.3 million shares.Companies in the news:Aurora Cannabis Inc. — Canadians have slowed their buying frenzy when purchasing pot amid the pandemic, said cannabis company executives. Aurora Cannabis Inc. noticed the COVID-19 boom in cannabis sales dissipating, said Michael Singer, interim chief executive. After the industry was deemed an essential service in several provinces, he said, things went back down to pre-pandemic levels in April. In Aurora's third quarter, which ended on March 31 and encompassed the first weeks many Canadians spent working from home as well as physical distancing, the Edmonton-based company sold 12,729 kilograms of cannabis, amounting to 39 per cent more than the quarter before.Chorus Aviation Inc. (TSX:CHR). Down 18 cents, or seven per cent, to $2.39. Chorus Aviation Inc. says it's focused on cost cutting as it reports a first-quarter loss as the COVID-19 outbreak significantly disrupts the airline industry. The regional aviation company says it had a net loss of $17.3 million for the quarter ending March 31 compared with earnings of $33.45 million last year as net income decreased $50.7 million due to a change in net unrealized foreign exchange losses. Chorus says adjusted net income was $25 million, up from $19 million last year, as it started off the year in a good financial shape before the pandemic hit.Onex Corp. (TSX:ONEX). Up 71 cents, or 1.2 per cent, to $60.90. Onex Corp. says it swung to a significant loss in the first quarter as a result of market volatility and economic disruption from the COVID-19 outbreak. The investment management firm says it had a net loss of US$1.1 billion for the quarter ending March 31, compared with net earnings of $195 million last year. The Toronto-based firm says $985 million of the losses were from its investing segment as the pandemic pushed down markets in March and created a broad net decline in the fair value of its underlying portfolio investments. Onex says the decrease in fair value of its investments ranged from declines of between one and 77 per cent.Air Canada (TSX:AC). Down 60 cents, or 3.9 per cent, to $14.62. The union representing Air Canada flight attendants says the airline is set to ask employees to work less — or not at all — as concerns over job security buffet the airline industry. An internal bulletin to members from the Canadian Union of Public Employees says Air Canada will ask workers to slash their schedules, go on leave for up to two years or resign with travel privileges. The bulletin, sent out Thursday night, says CUPE is in discussions with Air Canada over continuing the federal wage subsidy, which the airline has not committed to maintain past June 6.This report by The Canadian Press was first published May 15, 2020.The Canadian Press

  • The Canadian Press

    Pandemic market disruptions shake more than $1 billion in losses from Onex Corp.

    TORONTO — Onex Corp. swung to a more than $1 billion loss in the first quarter as a result of market volatility and economic disruption from the COVID-19 outbreak.The investment management firm, which reports in U.S. dollars, said it suffered a net loss of $1.1 billion in the quarter ended March 31 compared with net earnings of $195 million a year earlier.Some $985 million of the losses stemmed from its investing segment as the pandemic pushed down markets in March and created a broad net decline in the value of its underlying portfolio investments, Onex said.The decrease in fair value of its investments ranged from declines of between one per cent and 77 per cent, including drop-offs in Parkdean Resorts and WestJet Airlines, which it took over last year."As I look back over our 36 years in business, I realize that Onex has seen wars, recessions and, yes, even pandemics," CEO Gerry Schwartz said on a conference call with analysts Friday. "COVID-19 may be the worst. But I have enormous confidence in our team to navigate through the challenges ahead."Nonetheless, the timing could hardly have been worse for Onex's acquisition of WestJet, completed in December — three months before the global travel industry collapsed as borders shut down and confinement measures took effect.The Calgary-based airline has cancelled tens of thousands of trips — including all U.S. and international routes — through July 4 and grounded scores of planes, pushing down capacity to a fraction of its pre-pandemic level.As of March 31, Onex had about $6 billion in shareholder capital under management.On a per-share basis, Onex reported a first-quarter loss of $10.34 compared with earnings of $1.91 in the same quarter of 2019.The firm maintained its dividend of 10 cents per subordinate voting share.This report by The Canadian Press was first published May 15, 2020.Companies in this story: (TSX:ONEX)The Canadian PressNote to readers: This is a corrected story. A previous version had the incorrect per share earnings for the first quarter of 2019.

  • Baystreet

    Stocks in play: Onex Corporation

    Announced its financial results for the first quarter ended March 31, 2020. Onex reported a Q1 segment ...

  • GlobeNewswire

    Onex Reports First-Quarter 2020 Results

    All amounts in U.S. dollars unless otherwise stated TORONTO, May 15, 2020 -- Onex Corporation (TSX: ONEX) today announced its financial results for the first quarter ended.

  • GlobeNewswire

    Onex Second Quarter Dividend Declared

    All amounts in U.S. dollars unless otherwise stated  TORONTO, May 14, 2020 -- The Board of Directors of Onex Corporation (TSX: ONEX) today declared a second quarter dividend.

  • Want to Buy the Market Crash? This Stock Is an Obvious Choice
    The Motley Fool

    Want to Buy the Market Crash? This Stock Is an Obvious Choice

    If you want to capitalize on the market crash, there are few better options than private equity player ONEX Corporation (TSX:ONEX).The post Want to Buy the Market Crash? This Stock Is an Obvious Choice appeared first on The Motley Fool Canada.

  • GlobeNewswire

    Onex to Acquire Independent Clinical Services

    Onex Corporation (“Onex”) (ONEX.TO) and its affiliated funds today announced that it has agreed to acquire Independent Clinical Services Group Ltd. (“ICS”) in partnership with the existing management team and with a reinvestment in the equity by the former majority shareholder, TowerBrook Capital Partners LP. “ICS is committed to being a true partner to its clients in delivering both capacity and care at the highest standard, and that is a commitment we want to continue and build on,” said Nigel Wright, a Managing Director with Onex. “Onex’ strong investment track record and history of supporting the teams it invests alongside makes it an ideal partner for us,” said Mike Barnard, Chief Executive Officer of ICS.

  • GlobeNewswire

    Onex Files Normal Course Issuer Bid

    Onex Corporation (“Onex”) (ONEX.TO) announced today it has filed with the Toronto Stock Exchange, and the Exchange has accepted, a Notice of Intention to make a Normal Course Issuer Bid permitting Onex to purchase for cancellation up to 10% of the public float in its Subordinate Voting Shares, or 8,135,162 shares. There are 98,291,143 Subordinate Voting Shares issued and outstanding and the public float as at April 13, 2020 was 81,351,622 shares. Onex may buy back shares from time to time during the next twelve months.

  • GlobeNewswire

    Onex to Announce First-Quarter Results on May 15, 2020

    All amounts in U.S. dollars unless otherwise stated  TORONTO, April 14, 2020 -- Onex Corporation (TSX: ONEX) will release its results for the first three months ended March.

  • GlobeNewswire

    Jessica Brennan Joins Onex as Head of Client and Product Solutions

    All amounts in U.S. dollars unless otherwise stated TORONTO, April 13, 2020 -- Onex Corporation (“Onex”) (TSX: ONEX) announced today that Jessica Brennan will be joining as.

  • GlobeNewswire

    Jason New Joins as Co-CEO of Onex Credit

    All amounts in U.S. dollars unless otherwise stated TORONTO, April 07, 2020 -- Onex Corporation (“Onex”) (TSX: ONEX) today announced Jason New has joined Onex Credit as the.

  • Forget Air Canada: 2 Other Airline Stocks Could Make You Rich!
    The Motley Fool

    Forget Air Canada: 2 Other Airline Stocks Could Make You Rich!

    Overlooked airline stocks such as Chorus Aviation (TSX:CHR.B) could be excellent contrarian bets in 2020. The post Forget Air Canada: 2 Other Airline Stocks Could Make You Rich! appeared first on The Motley Fool Canada.

  • Incredible: This Stock Is Trading for Less Than Annual Earnings
    The Motley Fool

    Incredible: This Stock Is Trading for Less Than Annual Earnings

    Low-P/E-ratio stocks tend to be excellent long-term investments. Onex Corporation’s (TSX:ONEX) P/E ratio is less than one!The post Incredible: This Stock Is Trading for Less Than Annual Earnings appeared first on The Motley Fool Canada.