Owens-Illinois Stock Price, Forecast & Analysis (NYSE:OI)

Owens-Illinois trades on the New York Stock Exchange (NYSE) under the ticker symbol "OI."

Owens-Illinois declared a quarterly dividend on Monday, October 28th. Investors of record on Friday, November 29th will be given a dividend of $0.05 per share on Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Wednesday, November 27th. View Owens-Illinois' Dividend History.

Owens-Illinois announced that its board has approved a share repurchase program on Wednesday, February 7th 2018, which permits the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its stock is undervalued.

Owens-Illinois Inc (NYSE:OI) posted its earnings results on Monday, October, 28th. The industrial products company reported $0.54 EPS for the quarter, missing the Zacks' consensus estimate of $0.55 by $0.01. The industrial products company earned $1.67 billion during the quarter, compared to analyst estimates of $1.74 billion. Owens-Illinois had a negative net margin of 6.58% and a positive return on equity of 42.84%. Owens-Illinois's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. View Owens-Illinois' Earnings History.

Owens-Illinois is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Owens-Illinois.

Owens-Illinois updated its FY19 earnings guidance on Monday, October, 28th. The company provided EPS guidance of $2.20-2.25 for the period, compared to the Thomson Reuters consensus estimate of $2.35.

11 brokers have issued 12-month price targets for Owens-Illinois' shares. Their forecasts range from $8.00 to $24.00. On average, they expect Owens-Illinois' stock price to reach $14.25 in the next year. This suggests a possible upside of 54.9% from the stock's current price. View Analyst Price Targets for Owens-Illinois.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens-Illinois in the last year. There are currently 1 sell rating, 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Owens-Illinois.

News articles about OI stock have been trending somewhat positive recently, InfoTrie reports. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Owens-Illinois earned a news impact score of 2.0 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Owens-Illinois.

Owens-Illinois saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,380,000 shares, an increase of 7.7% from the September 30th total of 8,710,000 shares. Based on an average daily volume of 2,300,000 shares, the days-to-cover ratio is presently 4.1 days. Approximately 6.1% of the company's shares are sold short. View Owens-Illinois' Current Options Chain.

Some companies that are related to Owens-Illinois include Ball (BLL), Crown (CCK), AptarGroup (ATR), Berry Global Group (BERY), Silgan (SLGN), Greif (GEF) and Myers Industries (MYE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Owens-Illinois investors own include Intel (INTC), General Electric (GE), Ford Motor (F), Mondi (MNDI), Cisco Systems (CSCO), Netflix (NFLX), Starbucks (SBUX), General Motors (GM), Mcdonald's (MCD) and Qudian (QD).

Owens-Illinois' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Russell Investments Group Ltd. (7.46%), Great West Life Assurance Co. Can (4.39%), Wedge Capital Management L L P NC (1.52%), Golub Group LLC (1.34%), Lee Danner & Bass Inc. (0.44%) and KLCM Advisors Inc. (0.27%). Company insiders that own Owens-Illinois stock include Carol A Williams, Moyano Giancarlo Currarino and Timothy M Connors. View Institutional Ownership Trends for Owens-Illinois.

OI stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Comerica Bank, Golub Group LLC, Adirondack Research & Management Inc., Envestnet Asset Management Inc., Nisa Investment Advisors LLC, James Investment Research Inc. and Trillium Asset Management LLC. Company insiders that have sold Owens-Illinois company stock in the last year include Moyano Giancarlo Currarino and Timothy M Connors. View Insider Buying and Selling for Owens-Illinois.

OI stock was purchased by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Great West Life Assurance Co. Can, Lee Danner & Bass Inc., State of New Jersey Common Pension Fund D, California Public Employees Retirement System, First Trust Advisors LP, SG Americas Securities LLC and State of Alaska Department of Revenue. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of OI stock can currently be purchased for approximately $9.20.

Owens-Illinois has a market capitalization of $1.43 billion and generates $6.88 billion in revenue each year. The industrial products company earns $257 million in net income (profit) each year or $2.72 on an earnings per share basis. Owens-Illinois employs 26,500 workers across the globe.View Additional Information About Owens-Illinois.

The official website for Owens-Illinois is http://www.o-i.com/.

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]