Owens-Illinois (OI) Scheduled to Post Earnings on Wednesday
Owens-Illinois (NYSE:OI) will be issuing its quarterly earnings data on Wednesday, January 29th. Individual interested in registering for the company’s earnings conference call can do so using this link.
Owens-Illinois (NYSE:OI) last announced its earnings results on Thursday, October 31st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.02. The company had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts expect Owens-Illinois to post $2.73 EPS for the current fiscal year and $3.12 EPS for the next fiscal year.
Shares of Owens-Illinois (NYSE:OI) opened at 31.80 on Tuesday. Owens-Illinois has a 1-year low of $22.56 and a 1-year high of $35.95. The stock has a 50-day moving average of $34. and a 200-day moving average of $31.50. The company has a market cap of $5.245 billion and a P/E ratio of 31.40.
A number of analysts have recently weighed in on OI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Owens-Illinois in a research note to investors on Thursday, January 23rd. They now have a $35.00 price target on the stock. On a related note, analysts at Bank of America Corp. downgraded shares of Owens-Illinois from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 3rd. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Owens-Illinois from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, December 11th. They now have a $35.00 price target on the stock. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $35.00.
Owens-Illinois, Inc is a manufacturer of glass containers with 81 glass manufacturing plants in 21 countries.
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