Brokerages expect Owens-Illinois, Inc. (NYSE:OI) to report sales of $1.72 billion for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Owens-Illinois’ earnings, with the highest sales estimate coming in at $1.75 billion and the lowest estimate coming in at $1.69 billion. Owens-Illinois reported sales of $1.64 billion in the same quarter last year, which suggests a positive year over year growth rate of 4.9%. The firm is scheduled to report its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Owens-Illinois will report full-year sales of $1.72 billion for the current year, with estimates ranging from $6.80 billion to $6.90 billion. For the next fiscal year, analysts forecast that the business will post sales of $7.01 billion per share, with estimates ranging from $6.88 billion to $7.09 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Owens-Illinois.

Owens-Illinois (NYSE:OI) last posted its quarterly earnings data on Monday, October 23rd. The industrial products company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. Owens-Illinois had a net margin of 3.59% and a return on equity of 63.33%. Owens-Illinois’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 earnings per share.

OI has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Owens-Illinois from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Owens-Illinois in a report on Thursday, July 6th. Robert W. Baird reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Owens-Illinois in a report on Friday, September 1st. UBS AG initiated coverage on shares of Owens-Illinois in a report on Tuesday, September 5th. They issued a “neutral” rating and a $26.00 price objective on the stock. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Owens-Illinois in a report on Sunday, August 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Owens-Illinois has an average rating of “Hold” and an average price target of $26.45.

Shares of Owens-Illinois (OI) opened at 23.71 on Tuesday. The stock has a 50 day moving average of $24.87 and a 200 day moving average of $23.60. Owens-Illinois has a one year low of $17.31 and a one year high of $25.90. The stock has a market cap of $3.86 billion, a P/E ratio of 17.18 and a beta of 1.49.

In other news, SVP Moyano Giancarlo Currarino sold 1,360 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $23.97, for a total transaction of $32,599.20. Following the completion of the transaction, the senior vice president now owns 23,954 shares in the company, valued at approximately $574,177.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Sergio B.O. Galindo sold 5,477 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $24.93, for a total transaction of $136,541.61. Following the transaction, the insider now owns 34,890 shares of the company’s stock, valued at approximately $869,807.70. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of OI. BlackRock Inc. boosted its position in shares of Owens-Illinois by 16,329.5% during the 1st quarter. BlackRock Inc. now owns 14,655,477 shares of the industrial products company’s stock valued at $298,679,000 after purchasing an additional 14,566,275 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Owens-Illinois by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 16,401,514 shares of the industrial products company’s stock valued at $334,263,000 after purchasing an additional 1,139,389 shares in the last quarter. FMR LLC boosted its position in shares of Owens-Illinois by 918.1% during the 1st quarter. FMR LLC now owns 1,053,180 shares of the industrial products company’s stock valued at $21,464,000 after purchasing an additional 949,734 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Owens-Illinois by 30.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 2,929,740 shares of the industrial products company’s stock valued at $70,080,000 after purchasing an additional 688,720 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of Owens-Illinois by 36.9% during the 2nd quarter. LSV Asset Management now owns 2,271,378 shares of the industrial products company’s stock valued at $54,331,000 after purchasing an additional 612,600 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.

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Owens-Illinois Company Profile

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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Earnings History and Estimates for Owens-Illinois (NYSE:OI)

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