Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. It offers glass containers in a range of sizes, shapes, and colors. The company sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. Owens-Illinois, Inc. was founded in 1903 and is headquartered in Perrysburg, Ohio.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Glass containers
Sub-IndustryMetal & Glass Containers
SectorIndustrial Products
Current SymbolNYSE:OI
Previous Symbol
CUSIP69076840
Phone567-336-5000
Debt
Debt-to-Equity Ratio5.14
Current Ratio1.32
Quick Ratio0.84
Price-To-Earnings
Trailing P/E Ratio6.49
Forward P/E Ratio6.32
P/E Growth0.94
Sales & Book Value
Annual Sales$6.87 billion
Price / Sales0.40
Cash Flow$5.6405 per share
Price / Cash Flow3.06
Book Value$5.69 per share
Price / Book3.03
Profitability
EPS (Most Recent Fiscal Year)$2.65
Net Income$180 million
Net Margins1.94%
Return on Equity43.27%
Return on Assets4.36%
Miscellaneous
Employees26,500
Outstanding Shares158,700,000
Market Cap$2.80 billion
OptionableOptionable
Owens-Illinois (NYSE:OI) Frequently Asked Questions
What is Owens-Illinois' stock symbol?
Owens-Illinois trades on the New York Stock Exchange (NYSE) under the ticker symbol "OI."
How often does Owens-Illinois pay dividends? What is the dividend yield for Owens-Illinois?
Owens-Illinois declared a quarterly dividend on Wednesday, November 14th. Shareholders of record on Tuesday, January 22nd will be given a dividend of $0.05 per share on Tuesday, February 12th. This represents a $0.20 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, January 18th. View Owens-Illinois' Dividend History.
How will Owens-Illinois' stock buyback program work?
Owens-Illinois announced that its Board of Directors has approved a share buyback program on Wednesday, February 7th 2018, which allows the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.
How were Owens-Illinois' earnings last quarter?
Owens-Illinois Inc (NYSE:OI) issued its quarterly earnings data on Tuesday, October, 30th. The industrial products company reported $0.75 earnings per share for the quarter, meeting analysts' consensus estimates of $0.75. The industrial products company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.78 billion. Owens-Illinois had a net margin of 1.94% and a return on equity of 43.27%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.77 earnings per share. View Owens-Illinois' Earnings History.
When is Owens-Illinois' next earnings date?
What guidance has Owens-Illinois issued on next quarter's earnings?
Owens-Illinois issued an update on its FY18 earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of $2.72-2.78 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.74.
What price target have analysts set for OI?
10 brokerages have issued 12 month target prices for Owens-Illinois' stock. Their forecasts range from $18.30 to $27.00. On average, they expect Owens-Illinois' stock price to reach $22.92 in the next twelve months. This suggests a possible upside of 35.6% from the stock's current price. View Analyst Price Targets for Owens-Illinois.
What is the consensus analysts' recommendation for Owens-Illinois?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens-Illinois in the last year. There are currently 1 sell rating, 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Owens-Illinois.
What are Wall Street analysts saying about Owens-Illinois stock?
Here are some recent quotes from research analysts about Owens-Illinois stock:
- 1. According to Zacks Investment Research, "For third-quarter 2018, Owens-Illinois projects adjusted earnings per share to be around 75 cents, down 2.6% year over year. For 2018, the company guides EPS at $2.75-$2.85. Owens-Illinois' results are likely to be affected by the negative impact of foreign currency exchange rates. Further, continued decline of beer consumption in domestic market and high-debt levels remain concerns. The stock has underperformed the industry over the past year. Its estimates have gone down over the past 60 days." (9/25/2018)
- 2. KeyCorp analysts commented, "We are maintaining our 2018 adj. EPS estimate, though slightly reducing our 2019 estimate on below-the-line items." (4/24/2018)
Has Owens-Illinois been receiving favorable news coverage?
Media headlines about OI stock have trended positive on Wednesday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Owens-Illinois earned a daily sentiment score of 2.3 on InfoTrie's scale. They also assigned headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
Who are some of Owens-Illinois' key competitors?
Some companies that are related to Owens-Illinois include Amcor Limited ADS (AMCRY), IDEX (IEX), ASHTEAD GRP PLC/ADR (ASHTY), Norsk Hydro ASA (NHYDY), Zebra Technologies (ZBRA), Packaging Corp Of America (PKG), Allegion (ALLE), Avery Dennison (AVY), A. O. Smith (AOS), ASAHI GLASS/ADR (ASGLY), Graco (GGG), Pentair (PNR), HD Supply (HDS), DAI NIPPON PRTG/S (DNPLY) and Nordson (NDSN).
Who are Owens-Illinois' key executives?
Owens-Illinois' management team includes the folowing people:
- Mr. Andres Alberto Lopez, CEO, Pres & Director (Age 55)
- Ms. Jan A. Bertsch, CFO & Sr. VP (Age 61)
- Mr. Vitaliano Torno, Pres of O-I Europe (Age 59)
- Mr. Miguel I. Alvarez, Pres of O-I North America & Latin America (Age 53)
- Mr. John Reynolds, VP of Global Accounting
Who are Owens-Illinois' major shareholders?
Owens-Illinois' stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.61%), Vanguard Group Inc. (9.17%), First Pacific Advisors LP (6.14%), Great West Life Assurance Co. Can (4.54%), Lyrical Asset Management LP (3.84%) and Wedge Capital Management L L P NC (3.40%). Company insiders that own Owens-Illinois stock include Moyano Giancarlo Currarino, Sergio BO Galindo and Timothy M Connors. View Institutional Ownership Trends for Owens-Illinois.
Which major investors are selling Owens-Illinois stock?
OI stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Point72 Asset Management L.P., Prudential Financial Inc., Bank of New York Mellon Corp, Foundry Partners LLC, ClariVest Asset Management LLC and First Quadrant L P CA. View Insider Buying and Selling for Owens-Illinois.
Which major investors are buying Owens-Illinois stock?
OI stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Thrivent Financial for Lutherans, Dimensional Fund Advisors LP, First Trust Advisors LP, Russell Investments Group Ltd., Lyrical Asset Management LP, JPMorgan Chase & Co. and JPMorgan Chase & Co.. View Insider Buying and Selling for Owens-Illinois.
How do I buy shares of Owens-Illinois?
Shares of OI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Owens-Illinois' stock price today?
One share of OI stock can currently be purchased for approximately $16.90.
How big of a company is Owens-Illinois?
Owens-Illinois has a market capitalization of $2.80 billion and generates $6.87 billion in revenue each year. The industrial products company earns $180 million in net income (profit) each year or $2.65 on an earnings per share basis. Owens-Illinois employs 26,500 workers across the globe.
What is Owens-Illinois' official website?
How can I contact Owens-Illinois?
Owens-Illinois' mailing address is ONE MICHAEL OWENS WAY, PERRYSBURG OH, 43551. The industrial products company can be reached via phone at 567-336-5000 or via email at [email protected]
MarketBeat Community Rating for Owens-Illinois (NYSE OI)
MarketBeat's community ratings are surveys of what our community members think about Owens-Illinois and other stocks. Vote "Outperform" if you believe OI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OI will underperform the S&P 500 over the long term. You may vote once every thirty days.
