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 Ratio6.40
Forward P/E Ratio6.06
P/E Growth1.13
Sales & Book Value
Annual Sales$6.87 billion
Price / Sales0.40
Cash Flow$5.6768 per share
Price / Cash2.97
Book Value$5.69 per share
Price / Book2.96
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 declared that its board has approved a stock buyback program on Wednesday, February 7th 2018, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.
How were Owens-Illinois' earnings last quarter?
Owens-Illinois Inc (NYSE:OI) issued its earnings results on Monday, April, 23rd. The industrial products company reported $0.59 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.58 by $0.01. The industrial products company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.70 billion. Owens-Illinois had a return on equity of 46.76% and a net margin of 3.30%. Owens-Illinois's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm 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 updated its FY18 earnings guidance on Thursday, June, 7th. The company provided earnings per share (EPS) 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 analysts have issued 12-month price targets for Owens-Illinois' shares. Their forecasts range from $22.00 to $27.00. On average, they anticipate Owens-Illinois' share price to reach $25.69 in the next year. 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, "For second-quarter 2018, Owens-Illinois expects EPS to be around 75 cents, flat year-over-year. Shipments are likely to be flat overall. The impact of engineering activity should be partially offset by global total systems cost efforts plus continued footprint benefits in Europe. Improvement in on-going business operations will be negated by investments in assets and new technology developments compared with the prior year quarter. For 2018, Owens-Illinois guides EPS at $2.75-$2.85, a 6% year-over-year rise at the mid-point. Coninued decline of beer consumption in domestic market and high debt levels remain concerns. The stock has underperformed the industry over the past six months. Its estimates for the current quarter and fiscal have undergone negative revisions lately." (6/22/2018)
- 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 Packaging Corp Of America (PKG), IDEX (IEX), BRAMBLES Ltd/S (BXBLY), A. O. Smith (AOS), James Hardie Industries (JHX), Snc-Lavalin Group (SNC), Avery Dennison (AVY), ASAHI GLASS/ADR (ASGLY), KION Grp AG/ADR (KIGRY), AB SKF (SKFRY), Alcoa (AA), Fortune Brands Home & Security (FBHS), Zebra Technologies (ZBRA), HD Supply (HDS) and Pentair (PNR).
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?
Media coverage about OI stock has been trending somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Owens-Illinois earned a daily sentiment score of 0.14 on Accern's scale. They also gave news stories about the industrial products company an impact score of 45.71 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
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. (9.78%), 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 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 acquired 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 $16.86.
How big of a company is Owens-Illinois?
Owens-Illinois has a market capitalization of $2.77 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.
