William Blair Has Bearish Forecast for ON Q1 Earnings

Key Points

• William Blair has reduced its Q1 2026 earnings per share estimate for On Holding AG to $0.32, down from a prior forecast of $0.35, indicating a bearish outlook.
• The consensus estimate for On Holding's full-year earnings remains at $0.66 per share, while Q2 2026 earnings are projected at $0.39 EPS.
• Despite the downward revision from William Blair, analysts have mixed sentiments on the stock, with one "Strong Buy," nineteen "Buy," and three "Sell" ratings, leading to an average rating of "Moderate Buy."

On Holding AG (NYSE:ONON - Free Report) - Analysts at William Blair decreased their Q1 2026 EPS estimates for ON in a research note issued to investors on Tuesday, October 14th. William Blair analyst D. Carden now anticipates that the company will earn $0.32 per share for the quarter, down from their previous forecast of $0.35. The consensus estimate for ON's current full-year earnings is $0.66 per share. William Blair also issued estimates for ON's Q2 2026 earnings at $0.39 EPS.

ONON has been the topic of several other research reports. Barclays increased their price target on shares of ON from $68.00 to $69.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Needham & Company LLC reissued a "buy" rating and set a $62.00 price target on shares of ON in a report on Tuesday, August 12th. Weiss Ratings reissued a "sell (d+)" rating on shares of ON in a report on Wednesday, October 8th. Raymond James Financial cut shares of ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 price objective on the stock. in a research note on Tuesday, July 22nd. Finally, Morgan Stanley increased their price objective on shares of ON from $62.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $63.65.

ON Stock Up 1.4%

NYSE ONON opened at $42.04 on Friday. The business has a 50 day moving average price of $44.25 and a two-hundred day moving average price of $48.60. The company has a quick ratio of 2.00, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The stock has a market cap of $26.47 billion, a PE ratio of 93.42, a P/E/G ratio of 5.15 and a beta of 2.19. ON has a fifty-two week low of $34.59 and a fifty-two week high of $64.05.

Institutional Investors Weigh In On ON

Institutional investors and hedge funds have recently modified their holdings of the stock. Ramirez Asset Management Inc. lifted its position in shares of ON by 20.0% in the second quarter. Ramirez Asset Management Inc. now owns 1,200 shares of the company's stock worth $62,000 after buying an additional 200 shares during the last quarter. CWM LLC raised its stake in shares of ON by 22.2% in the 1st quarter. CWM LLC now owns 1,259 shares of the company's stock valued at $55,000 after acquiring an additional 229 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in ON by 1.0% in the 2nd quarter. Asset Management One Co. Ltd. now owns 24,939 shares of the company's stock worth $1,298,000 after purchasing an additional 243 shares during the last quarter. Lido Advisors LLC lifted its holdings in ON by 1.2% in the 2nd quarter. Lido Advisors LLC now owns 23,754 shares of the company's stock worth $1,236,000 after purchasing an additional 285 shares during the last quarter. Finally, Sterling Investment Counsel LLC boosted its position in ON by 5.5% during the second quarter. Sterling Investment Counsel LLC now owns 5,750 shares of the company's stock worth $299,000 after purchasing an additional 300 shares during the period. 36.39% of the stock is owned by institutional investors and hedge funds.

ON Company Profile

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.

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