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. Investors of record on Friday, November 29th will be paid a dividend of $0.05 per share on Monday, December 16th. This represents a $0.20 annualized dividend and a 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 of Directors has authorized 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. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Owens-Illinois Inc (NYSE:OI) posted its quarterly earnings data on Monday, October, 28th. The industrial products company reported $0.54 earnings per share (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 the consensus estimate of $1.74 billion. Owens-Illinois had a positive return on equity of 42.84% and a negative net margin of 6.58%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 earnings per share guidance of $2.20-2.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.35.

11 brokers have issued 12 month price objectives for Owens-Illinois' shares. Their forecasts range from $8.00 to $24.00. On average, they expect Owens-Illinois' share price to reach $14.40 in the next twelve months. 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 coverage about OI stock has been trending neutral on Sunday, according to InfoTrie Sentiment. The research group scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Owens-Illinois earned a news sentiment score of 0.2 on InfoTrie's scale. They also gave news headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Owens-Illinois.

Owens-Illinois saw a increase in short interest in 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 trading volume of 2,220,000 shares, the days-to-cover ratio is presently 4.8 days. Currently, 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 investors 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 purchased 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]