Owens-Illinois Stock Price, News & 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 Wednesday, July 31st. Stockholders of record on Friday, August 30th will be paid a dividend of $0.05 per share on Monday, September 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, August 29th. View Owens-Illinois' Dividend History.

Owens-Illinois announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 7th 2018, which allows the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's management believes its shares are undervalued.

Owens-Illinois Inc (NYSE:OI) announced its quarterly earnings results on Wednesday, July, 31st. The industrial products company reported $0.69 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.76 by $0.07. The industrial products company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.76 billion. Owens-Illinois had a net margin of 3.76% and a return on equity of 39.73%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 earnings per share. View Owens-Illinois' Earnings History.

Owens-Illinois is scheduled to release their next quarterly earnings announcement on Monday, October 28th 2019. View Earnings Estimates for Owens-Illinois.

Owens-Illinois will be holding an earnings conference call on Monday, October 28th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Owens-Illinois issued an update on its third quarter 2019 earnings guidance on Tuesday, September, 10th. The company provided earnings per share (EPS) guidance of $0.52-0.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.62.

10 equities research analysts have issued 12-month target prices for Owens-Illinois' shares. Their predictions range from $11.00 to $24.00. On average, they anticipate Owens-Illinois' stock price to reach $15.78 in the next twelve months. This suggests a possible upside of 60.3% from the stock's current price. View Analyst Price Targets for Owens-Illinois.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Owens-Illinois in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Owens-Illinois.

Press coverage about OI stock has trended somewhat positive this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Owens-Illinois earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Owens-Illinois.

Owens-Illinois saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 7,450,000 shares, an increase of 18.4% from the August 30th total of 6,290,000 shares. Based on an average daily trading volume, of 1,990,000 shares, the short-interest ratio is presently 3.7 days. Currently, 4.8% of the company's shares are short sold. View Owens-Illinois' Current Options Chain.

Some companies that are related to Owens-Illinois include KION GRP AG/ADR (KIGRY), Sonoco Products (SON), Berkeley Group (BKG), AGCO (AGCO), GEA Group Aktiengesellschaft (GEAGY), Taylor Wimpey (TW), Lincoln Electric (LECO), Metso Oyj (MXCYY), ADT (ADT), Berry Global Group (BERY), HITACHI CONSTR/ADR (HTCMY), Tetra Tech (TTEK), NSK LTD/ADR (NPSKY), Meggitt (MGGT) and MSA Safety (MSA).

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

Owens-Illinois' stock is owned by a number of of institutional and retail investors. Top institutional investors include Fruth Investment Management (0.04%), Pacer Advisors Inc. (0.04%), State of Alaska Department of Revenue (0.02%), Envestnet Asset Management Inc. (0.01%), Nisa Investment Advisors LLC (0.01%) and Fox Run Management L.L.C. (0.01%). 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 Envestnet Asset Management Inc., Nisa Investment Advisors LLC and Pacer Advisors Inc.. 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 State of Alaska Department of Revenue, Meeder Asset Management Inc., Fruth Investment Management and Fox Run Management L.L.C.. 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 $9.84.

Owens-Illinois has a market capitalization of $1.53 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]