Owens-Illinois, Inc. (NYSE:OI) will be announcing its earnings results after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.73 per share for the quarter. Owens-Illinois has set its FY17 guidance at $2.55-2.65 EPS.
Owens-Illinois (NYSE:OI) last released its earnings results on Monday, July 31st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. Owens-Illinois had a return on equity of 72.15% and a net margin of 3.36%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 earnings per share. On average, analysts expect Owens-Illinois to post $2.63 EPS for the current fiscal year and $2.8 EPS for the next fiscal year.
Owens-Illinois, Inc. (OI) opened at 25.63 on Tuesday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 18.57 and a beta of 1.49. Owens-Illinois, Inc. has a 12-month low of $16.89 and a 12-month high of $25.90. The stock has a 50 day moving average price of $24.76 and a 200-day moving average price of $23.25.
OI has been the topic of a number of research reports. BidaskClub cut Owens-Illinois from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Owens-Illinois from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, September 21st. ValuEngine cut Owens-Illinois from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd. Barclays PLC increased their price target on Owens-Illinois from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $27.00 target price (up from $26.00) on shares of Owens-Illinois in a research report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $25.60.
In other news, SVP Moyano Giancarlo Currarino sold 1,360 shares of Owens-Illinois stock in a transaction on Friday, September 8th. The stock was sold at an average price of $23.97, for a total transaction of $32,599.20. Following the transaction, the senior vice president now directly owns 23,954 shares in the company, valued at approximately $574,177.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Sergio B.O. Galindo sold 5,477 shares of Owens-Illinois stock in a transaction on Friday, September 1st. The shares were sold at an average price of $24.93, for a total value of $136,541.61. Following the transaction, the insider now owns 34,890 shares in the company, valued at $869,807.70. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.
Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
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