NYSE:OI - Owens-Illinois Stock Price, Forecast & News

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. Stockholders 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 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Wednesday, November 27th. View Owens-Illinois' Dividend History.

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

Owens-Illinois Inc (NYSE:OI) released its quarterly earnings data on Monday, October, 28th. The industrial products company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.01. The industrial products company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.74 billion. Owens-Illinois had a positive return on equity of 42.84% and a negative net margin of 6.58%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. 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 EPS estimate of $2.35.

11 brokers have issued 12-month target prices for Owens-Illinois' stock. Their forecasts range from $8.00 to $24.00. On average, they expect Owens-Illinois' stock price to reach $14.40 in the next year. This suggests a possible upside of 29.7% 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, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Owens-Illinois.

News headlines about OI stock have trended neutral recently, InfoTrie Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 0.5 on InfoTrie's scale. They also gave news stories about the industrial products company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Owens-Illinois.

Owens-Illinois saw a increase in short interest during the month of November. As of November 29th, there was short interest totalling 10,660,000 shares, an increase of 10.7% from the November 14th total of 9,630,000 shares. Based on an average daily trading volume, of 2,220,000 shares, the short-interest ratio is presently 4.8 days. Approximately 6.9% 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), Ford Motor (F), General Electric (GE), General Motors (GM), Mondi (MNDI), Cisco Systems (CSCO), Netflix (NFLX), Starbucks (SBUX), Mcdonald's (MCD) and Qudian (QD).

Owens-Illinois' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Russell Investments Group Ltd. (7.46%), Great West Life Assurance Co. Can (4.39%), Millennium Management LLC (3.61%), State Street Corp (2.48%), Wedge Capital Management L L P NC (1.52%) and Golub Group LLC (1.34%). 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, State Street Corp, Parametric Portfolio Associates LLC, Comerica Bank, Man Group plc, Golub Group LLC, Adirondack Research & Management Inc. and Boston Partners. 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 acquired by a variety of institutional investors in the last quarter, including Millennium Management LLC, Russell Investments Group Ltd., Great West Life Assurance Co. Can, Lee Danner & Bass Inc., State of New Jersey Common Pension Fund D, Voloridge Investment Management LLC, California Public Employees Retirement System and First Trust Advisors LP. 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 $11.10.

Owens-Illinois has a market capitalization of $1.73 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]