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About Owens-Illinois (NYSE:OI)
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
Industry Glass containers
Sub-IndustryMetal & Glass Containers
SectorIndustrial Products
SymbolNYSE:OI
CUSIP69076840
Phone567-336-5000
Debt
Debt-to-Equity Ratio5.04
Current Ratio1.33
Quick Ratio0.82
Price-To-Earnings
Trailing P/E Ratio7.12
Forward P/E Ratio6.74
P/E Growth1.16
Sales & Book Value
Annual Sales$6.87 billion
Price / Sales0.44
Cash Flow$5.8210 per share
Price / Cash3.24
Book Value$6.92 per share
Price / Book2.73
Profitability
EPS (Most Recent Fiscal Year)$2.65
Net Income$180 million
Net Margins3.30%
Return on Equity46.76%
Return on Assets4.42%
Miscellaneous
Employees26,500
Outstanding Shares161,710,000
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 will Owens-Illinois' stock buyback program work?
Owens-Illinois announced that its board has authorized a stock repurchase plan 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 purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.
How were Owens-Illinois' earnings last quarter?
Owens-Illinois Inc (NYSE:OI) issued its quarterly earnings data on Monday, April, 23rd. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.58 by $0.01. The industrial products company earned $1.74 billion during the quarter, compared to analysts' expectations of $1.70 billion. Owens-Illinois had a net margin of 3.30% and a return on equity of 46.76%. The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.58 EPS. 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 Monday, April, 23rd. The company provided earnings per share guidance of $2.75-$2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.80. Owens-Illinois also updated its Q2 guidance to ~$0.75 EPS.
What price target have analysts set for OI?
11 equities research analysts have issued 12-month target prices for Owens-Illinois' stock. Their forecasts range from $22.00 to $27.00. On average, they anticipate Owens-Illinois' share price to reach $25.69 in the next twelve months. 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, "Owens-Illinois’ first-quarter 2018 revenues and earnings per share (EPS) improved on a year-over-year basis and beat the Zacks Consensus Estimate on both counts. For second-quarter 2018, Owens-Illinois expects EPS to be around 75 cents, flat year-over-year. Improvement in business operations will be negated by investments in assets and new technology developments. For 2018, Owens-Illinois guides EPS at $2.75-$2.85, a 6% year-over-year rise at the mid-point. The expansion of joint venture (JV) with Constellation Brands will help realize attractive opportunities in Mexican beer exports to the United States. Its focus on Total Systems Cost (“TSC”) will contribute $30 million of incremental benefit. Ongoing asset improvement program in Asia Pacific will lead to margin expansion as seen in Americas and Europe earlier. However, higher interest expense remains a concern. The stock has underperformed the industry over the past year." (4/26/2018)
- 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)
Who are some of Owens-Illinois' key competitors?
Some companies that are related to Owens-Illinois include Amcor Limited ADS common stock (AMCRY), Packaging Co. of America (PKG), Brambles (BXBLY), A. O. Smith (AOS), IDEX (IEX), James Hardie Industries (JHX), SKF (SKFRY), Snc-Lavalin Group (SNC), Asahi Glass (ASGLY), Avery Dennison (AVY), Alcoa Domestic (AA), KION Grp AG/ADR (KIGRY), Fortune Brands Home & Security (FBHS), Pentair (PNR) and Zebra Technologies (ZBRA).
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
Has Owens-Illinois been receiving favorable news coverage?
Press coverage about OI stock has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Owens-Illinois earned a media sentiment score of 0.05 on Accern's scale. They also gave media coverage about the industrial products company an impact score of 47.46 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.
Who are Owens-Illinois' major shareholders?
Owens-Illinois' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.78%), First Pacific Advisors LLC (6.05%), ATLANTIC INVESTMENT MANAGEMENT, INC. (5.10%), Great West Life Assurance Co. Can (4.49%), LSV Asset Management (3.04%) and Wedge Capital Management L L P NC (2.85%). Company insiders that own Owens-Illinois stock include Gordon Hardie, Moyano Giancarlo Currarino, Sergio BO Galindo and Timothy M Connors. View Institutional Ownership Trends for Owens-Illinois.
Which institutional investors are selling Owens-Illinois stock?
OI stock was sold by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Prudential Financial Inc., Principal Financial Group Inc., Principal Financial Group Inc., JPMorgan Chase & Co., Thrivent Financial for Lutherans, Wedge Capital Management L L P NC and BNP Paribas Arbitrage SA. Company insiders that have sold Owens-Illinois company stock in the last year include Moyano Giancarlo Currarino, Sergio BO Galindo and Timothy M Connors. View Insider Buying and Selling for Owens-Illinois.
Which institutional investors are buying Owens-Illinois stock?
OI stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Royal Bank of Canada, LSV Asset Management, BlackRock Inc., Point72 Asset Management L.P., Russell Investments Group Ltd., Boston Partners and WINTON GROUP Ltd. 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 $18.86.
How big of a company is Owens-Illinois?
Owens-Illinois has a market capitalization of $3.01 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.
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 (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.
Owens-Illinois (NYSE:OI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
11 Wall Street analysts have issued ratings and price targets for Owens-Illinois in the last 12 months. Their average twelve-month price target is $25.69, suggesting that the stock has a possible upside of 36.21%. The high price target for OI is $27.00 and the low price target for OI is $22.00. There are currently 9 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.18 | 2.18 | 2.08 | 2.09 |
| Ratings Breakdown: | 0 Sell Rating(s)
9 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
9 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
9 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
8 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $25.69 | $26.10 | $25.9091 | $26.40 |
| Price Target Upside: | 36.21% upside | 26.70% upside | 20.90% upside | 13.26% upside |
Owens-Illinois (NYSE:OI) Consensus Price Target History
Owens-Illinois (NYSE:OI) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
Owens-Illinois (NYSE:OI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Owens-Illinois (NYSE OI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.70%
Institutional Ownership Percentage: 94.12%
Owens-Illinois (NYSE OI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/15/2018 | Moyano Giancarlo Currarino | SVP | Sell | 11,910 | $22.57 | $268,808.70 | 28,070 |  |
| 11/7/2017 | Timothy M Connors | Insider | Sell | 3,500 | $23.86 | $83,510.00 | 19,624 | |
| 9/8/2017 | Moyano Giancarlo Currarino | SVP | Sell | 1,360 | $23.97 | $32,599.20 | 23,954 | |
| 9/1/2017 | Sergio B.O. Galindo | Insider | Sell | 5,477 | $24.93 | $136,541.61 | 34,890 | |
| 6/15/2016 | Gordon Hardie | Director | Buy | 3,400 | $18.65 | $63,410.00 | 12,699 | |
| 3/7/2016 | Albert P L Stroucken | Chairman | Sell | 56,148 | $14.94 | $838,851.12 | 186,488 | |
| 3/4/2016 | John Haudrich | Insider | Sell | 7,294 | $15.36 | $112,035.84 | 23,570 | |
| 3/1/2016 | Albert P L Stroucken | Chairman | Sell | 179,215 | $14.47 | $2,593,241.05 | 556,142 | |
| 2/29/2016 | Albert P L Stroucken | Chairman | Sell | 205,400 | $15.05 | $3,091,270.00 | 556,142 | |
| 2/29/2016 | Timothy M Connors | Insider | Buy | 1,500 | $15.17 | $22,755.00 | 4,010 | |
| 2/24/2016 | Hugh H Roberts | Director | Buy | 2,500 | $14.88 | $37,200.00 | 30,364 | |
| 2/18/2016 | Jan Bertsch | CFO | Buy | 10,000 | $14.17 | $141,700.00 | 157,212 | |
| 2/16/2016 | Vitaliano Torno | insider | Sell | 3,673 | $13.15 | $48,299.95 | 18,015 | |
| 2/11/2016 | Peter S Hellman | Director | Buy | 5,000 | $13.24 | $66,200.00 | 31,852 | |
| 9/11/2015 | John J Mcmackin Jr | Director | Buy | 3,000 | $20.04 | $60,120.00 | 47,323 | |
| 6/15/2015 | Sergio B.O. Galindo | Insider | Sell | 5,236 | $24.06 | $125,978.16 | | |
| 3/9/2015 | Andres Alberto Lopez | COO | Sell | 4,276 | $23.80 | $101,768.80 | | |
| 3/9/2015 | James W Baehren | VP | Sell | 19,616 | $23.80 | $466,860.80 | | |
| 3/9/2015 | Stephen P Bramlage Jr | CFO | Sell | 10,792 | $23.80 | $256,849.60 | | |
| 2/20/2015 | Thomas L Young | Director | Buy | 1,000 | $26.08 | $26,080.00 | | |
| 7/11/2014 | Weert Arnaud Njm De | VP | Sell | 5,491 | $34.19 | $187,737.29 | | |
| 5/5/2014 | Andres Alberto Lopez | VP | Sell | 30,864 | $31.58 | $974,685.12 | 16,508 | |
| 5/2/2014 | Gary Colter | Director | Sell | 3,500 | $32.06 | $112,210.00 | 29,937 | |
| 3/10/2014 | James Baehren | VP | Sell | 16,268 | $33.44 | $544,001.92 | 62,119 | |
| 3/10/2014 | Stephen Bramlage, Jr. | CFO | Sell | 19,396 | $33.47 | $649,184.12 | 20,438 | |
| 11/26/2013 | Andres Alberto Lopez | VP | Sell | 9,932 | $33.17 | $329,444.44 | 28,458 | |
| 11/4/2013 | Stephen Bramlage, Jr. | CFO | Sell | 4,613 | $31.64 | $145,955.32 | 28,041 | |
| 7/29/2013 | James W Baehren | VP | Sell | 58,269 | $29.14 | $1,697,958.66 | | |
| 2/20/2013 | Thomas L Young | Director | Buy | 1,500 | $26.51 | $39,765.00 | | |
| 2/19/2013 | Gary F Colter | Director | Buy | 4,000 | $26.60 | $106,400.00 | | |
(Data available from 1/1/2013 forward)
Owens-Illinois (NYSE OI) News Headlines
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Owens-Illinois (NYSE:OI) SEC Filings
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Owens-Illinois (NYSE:OI) Income Statement, Balance Sheet and Cash Flow Statement
Owens-Illinois (NYSE OI) Stock Chart for Thursday, May, 24, 2018
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