ON (NYSE:ONON - Get Free Report) is set to release its earnings data before the market opens on Tuesday, May 14th. Analysts expect ON to post earnings of $0.16 per share for the quarter. ON has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties interested in participating in the company's conference call can do so using this link.
ON (NYSE:ONON - Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.18). ON had a return on equity of 6.85% and a net margin of 4.04%. The company had revenue of $504.69 million for the quarter, compared to analysts' expectations of $515.30 million. On average, analysts expect ON to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
ON Stock Down 0.1 %
Shares of ON stock traded down $0.02 during mid-day trading on Tuesday, hitting $34.02. The stock had a trading volume of 4,239,260 shares, compared to its average volume of 4,994,950. The firm has a market cap of $21.42 billion, a P/E ratio of 128.41, a price-to-earnings-growth ratio of 1.16 and a beta of 2.17. ON has a 12-month low of $23.41 and a 12-month high of $37.08. The firm has a 50-day moving average of $33.26 and a two-hundred day moving average of $29.99.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. Redburn Atlantic restated a "neutral" rating and set a $34.00 price target on shares of ON in a research report on Thursday, March 7th. Truist Financial boosted their price target on shares of ON from $29.00 to $30.00 and gave the stock a "hold" rating in a research note on Wednesday, March 13th. TD Cowen lifted their price objective on shares of ON from $36.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. TheStreet downgraded shares of ON from a "c" rating to a "d+" rating in a research note on Monday, March 18th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $37.00 price objective on shares of ON in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.53.
Read Our Latest Stock Report on ON
About ON
(
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On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.
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