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
Phone567-336-5000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$6.88 billion
Profitability
Miscellaneous
Employees26,500
OptionableOptionable
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 often does Owens-Illinois pay dividends? What is the dividend yield for Owens-Illinois?
Owens-Illinois announced a quarterly dividend on Wednesday, November 14th. Shareholders of record on Tuesday, January 22nd will be paid a dividend of $0.05 per share on Tuesday, February 12th. This represents a $0.20 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, January 18th. View Owens-Illinois' Dividend History.
How will Owens-Illinois' stock buyback program work?
Owens-Illinois declared that its board has approved a share repurchase plan on Wednesday, February 7th 2018, which authorizes the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.
How were Owens-Illinois' earnings last quarter?
Owens-Illinois Inc (NYSE:OI) posted its quarterly earnings results on Tuesday, February, 5th. The industrial products company reported $0.61 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.62 by $0.01. The industrial products company earned $1.60 billion during the quarter, compared to analyst estimates of $1.68 billion. Owens-Illinois had a net margin of 3.75% and a return on equity of 44.17%. Owens-Illinois's revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.55 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 updated its FY19 earnings guidance on Tuesday, February, 5th. The company provided EPS guidance of ~$3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.96. Owens-Illinois also updated its FY 2019 guidance to $3.00-3.00 EPS.
What price target have analysts set for OI?
9 Wall Street analysts have issued 1 year price targets for Owens-Illinois' stock. Their predictions range from $18.30 to $25.90. On average, they anticipate Owens-Illinois' share price to reach $21.6578 in the next year. This suggests a possible upside of 8.0% from the stock's current price. View Analyst Price Targets for Owens-Illinois.
What is the consensus analysts' recommendation for Owens-Illinois?
9 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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, "Following its third-quarter earnings release, Owens-Illinois lowered the adjusted earnings per share guidance range for 2018 to $2.72-$2.78 owing to unfavorable foreign currency, freight inflation and lower volumes. The company expects lower cash flow in fourth-quarter due to foreign exchange volatility. Further, continued decline of beer consumption in domestic market remains a major headwind. The company faces incremental investment in R&D. Higher-debt level is also a concern." (2/1/2019)
- 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)
Has Owens-Illinois been receiving favorable news coverage?
Headlines about OI stock have been trending positive this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Owens-Illinois earned a news impact score of 2.7 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 6.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the immediate future.
Who are some of Owens-Illinois' key competitors?
Some companies that are related to Owens-Illinois include Amcor Limited ADS (AMCRY), TORAY INDUSTRIE/ADR (TRYIY), IDEX (IEX), Zebra Technologies (ZBRA), Packaging Corp Of America (PKG), Avery Dennison (AVY), A. O. Smith (AOS), Allegion (ALLE), Melrose Industries (MRO), Norsk Hydro ASA (NHYDY), ASAHI GLASS/ADR (ASGLY), Nordson (NDSN), James Hardie Industries (JHX), HD Supply (HDS) and Graco (GGG).
Who are Owens-Illinois' key executives?
Owens-Illinois' management team includes the folowing people:
- Mr. Andres Alberto Lopez, CEO, Pres & Director (Age 56)
- Ms. Jan A. Bertsch, CFO & Sr. VP (Age 62)
- Mr. Vitaliano Torno, Pres of O-I Europe (Age 60)
- Mr. Miguel I. Alvarez, Pres of O-I North America & Latin America (Age 54)
- Mr. John Reynolds, VP of Global Accounting
Who are Owens-Illinois' major shareholders?
Owens-Illinois' stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.03%), Great West Life Assurance Co. Can (4.42%), LSV Asset Management (3.17%), Wedge Capital Management L L P NC (3.10%), Dimensional Fund Advisors LP (2.08%) and Thrivent Financial for Lutherans (2.03%). Company insiders that own Owens-Illinois stock include 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 BlackRock Inc., Millennium Management LLC, Prudential Financial Inc., Wedge Capital Management L L P NC, Bank of Montreal Can, First Trust Advisors LP, Olstein Capital Management L.P. and Great West Life Assurance Co. Can. View Insider Buying and Selling for Owens-Illinois.
Which institutional investors are buying Owens-Illinois stock?
OI stock was acquired by a variety of institutional investors in the last quarter, including Contrarius Investment Management Ltd, Oregon Public Employees Retirement Fund, WINTON GROUP Ltd, Bank of America Corp DE, Mackenzie Financial Corp, Lord Abbett & CO. LLC, Bank of New York Mellon Corp and Mackay Shields LLC. 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 $20.05.
How big of a company is Owens-Illinois?
Owens-Illinois has a market capitalization of $3.18 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.
What is Owens-Illinois' official website?
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 (NYSE 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.
