William Blair Issues Negative Outlook for ON Earnings

Key Points

• William Blair has lowered its Q3 2026 earnings estimate for On Holding AG to $0.35 per share, down from a prior estimate of $0.36.
• The consensus estimate for ON's full-year earnings is $0.66 per share, indicating a less optimistic outlook from analysts.
• Institutional investors have recently increased their holdings in ON, with some firms like Wealth Enhancement Advisory Services LLC growing their stake by 241.7% in the first quarter.

On Holding AG (NYSE:ONON - Free Report) - Equities researchers at William Blair cut their Q3 2026 earnings estimates for shares of ON in a research note issued to investors on Tuesday, October 14th. William Blair analyst D. Carden now anticipates that the company will post earnings per share of $0.35 for the quarter, down from their prior estimate of $0.36. The consensus estimate for ON's current full-year earnings is $0.66 per share. William Blair also issued estimates for ON's Q4 2026 earnings at $0.24 EPS and FY2026 earnings at $1.26 EPS.

Other equities analysts have also issued reports about the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $62.00 price objective on shares of ON in a research report on Tuesday, August 12th. Jefferies Financial Group set a $40.00 price objective on shares of ON and gave the company an "underperform" rating in a research report on Wednesday, August 13th. Raymond James Financial lowered shares of ON from a "strong-buy" rating to an "outperform" rating and set a $66.00 price objective for the company. in a research report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $65.00 price objective on shares of ON in a research report on Thursday, August 7th. Finally, UBS Group raised their price target on shares of ON from $75.00 to $79.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $63.65.

ON Stock Down 1.5%

NYSE:ONON opened at $41.54 on Thursday. ON has a fifty-two week low of $34.59 and a fifty-two week high of $64.05. The stock has a market capitalization of $26.16 billion, a P/E ratio of 92.32, a P/E/G ratio of 5.24 and a beta of 2.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.00 and a current ratio of 2.53. The company's 50-day simple moving average is $44.32 and its 200-day simple moving average is $48.61.

Institutional Investors Weigh In On ON

A number of large investors have recently modified their holdings of ONON. Bison Wealth LLC grew its holdings in shares of ON by 35.7% during the fourth quarter. Bison Wealth LLC now owns 9,291 shares of the company's stock worth $509,000 after buying an additional 2,442 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of ON by 241.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 63,930 shares of the company's stock worth $2,808,000 after buying an additional 45,223 shares in the last quarter. Analyst IMS Investment Management Services Ltd. grew its holdings in shares of ON by 37.8% during the first quarter. Analyst IMS Investment Management Services Ltd. now owns 49,120 shares of the company's stock worth $2,157,000 after buying an additional 13,480 shares in the last quarter. Sterling Investment Counsel LLC grew its holdings in shares of ON by 19.1% during the first quarter. Sterling Investment Counsel LLC now owns 5,450 shares of the company's stock worth $239,000 after buying an additional 875 shares in the last quarter. Finally, Congress Park Capital LLC grew its holdings in shares of ON by 13.5% during the first quarter. Congress Park Capital LLC now owns 30,120 shares of the company's stock worth $1,323,000 after buying an additional 3,593 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

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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