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 paid a dividend of $0.05 per share on Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, November 27th. View Owens-Illinois' Dividend History.

Owens-Illinois declared that its board has authorized a share buyback program on Wednesday, February 7th 2018, which authorizes the company to buyback $400,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Owens-Illinois Inc (NYSE:OI) announced 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 earned $1.67 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $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 issued an update on 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 estimate of $2.35.

11 equities research analysts have issued 1-year target prices for Owens-Illinois' stock. Their forecasts range from $8.00 to $24.00. On average, they anticipate Owens-Illinois' share 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 headlines about OI stock have been trending very negative on Sunday, according to InfoTrie. The research firm scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Owens-Illinois earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 2.0 out of 10, meaning that recent media coverage is very unlikely to have an impact on the stock's share price in the next few days. View News Stories for Owens-Illinois.

Owens-Illinois saw a increase in short interest in 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 trading volume of 2,300,000 shares, the days-to-cover ratio is presently 4.1 days. Approximately 6.1% of the shares of the stock 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]