Owens-Illinois (OI) Scheduled to Post Earnings on Wednesday
Owens-Illinois (NYSE:OI) is scheduled to release its Q1 earnings data on Wednesday, April 30th. Investors that are interested in registering for the company’s conference call can do so using this link.
Owens-Illinois (NYSE:OI) last announced its earnings results on Wednesday, January 29th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.02. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same quarter last year, the company posted $0.40 earnings per share. Owens-Illinois’s revenue was up .6% compared to the same quarter last year. On average, analysts expect Owens-Illinois to post $3.04 EPS for the current fiscal year and $3.43 EPS for the next fiscal year.
Shares of Owens-Illinois (NYSE:OI) opened at 31.78 on Tuesday. Owens-Illinois has a 52 week low of $25.52 and a 52 week high of $35.95. The stock’s 50-day moving average is $32.83 and its 200-day moving average is $32.96. The company has a market cap of $5.236 billion and a price-to-earnings ratio of 28.71.
A number of research firms have recently commented on OI. Analysts at Bank of America reiterated a “neutral” rating on shares of Owens-Illinois in a research note on Thursday, April 24th. They now have a $44.00 price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. initiated coverage on shares of Owens-Illinois in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $36.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Owens-Illinois in a research note on Friday, April 11th. They now have a $37.00 price target on the stock, up previously from $36.00. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $37.27.
Owens-Illinois, Inc is a manufacturer of glass containers with 81 glass manufacturing plants in 21 countries.
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