Owens-Illinois Company Profile (NYSE:OI)

Owens-Illinois trades on the New York Stock Exchange (NYSE) under the ticker symbol "OI."

Owens-Illinois, Inc. (NYSE:OI) announced its quarterly earnings data on Monday, July, 31st. The company reported $0.75 EPS for the quarter, topping the Zacks' consensus estimate of $0.67 by $0.08. The company earned $1.75 billion during the quarter, compared to the consensus estimate of $1.77 billion. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. Owens-Illinois's quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. View Owens-Illinois' Earnings History.

Owens-Illinois is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for Owens-Illinois.

Owens-Illinois issued an update on its FY17 earnings guidance on Tuesday, September, 12th. The company provided earnings per share (EPS) guidance of $2.55-2.65 for the period, compared to the Thomson Reuters consensus estimate of $2.63. Owens-Illinois also updated its Q3 guidance to $0.70-0.75 EPS.

8 brokers have issued 12 month price objectives for Owens-Illinois' shares. Their forecasts range from $24.00 to $28.00. On average, they expect Owens-Illinois' stock price to reach $25.38 in the next year. View Analyst Ratings for Owens-Illinois.

Here are some recent quotes from research analysts about Owens-Illinois stock:

• 1. According to Zacks Investment Research, "Owens-Illinois projects adjusted third-quarter earnings per share (EPS) to lie between 70 cents and 75 cents. The mid-point of the range reflects a year-over-year growth of 6.6%. However, higher corporate and restructuring costs, higher taxes will impact earnings in the next quarter. Owens-Illinois raised EPS guidance to $2.55-$2.65 for 2017 to reflect solid operating performance, favorable currency translation and a lower tax rate. The mid-point of the range reflects a year–over-year growth of 12.6%.  The company’s focus on simplifying the organization, elevating productivity, expanding customer relationships, strategic initiatives and reducing the structural cost will drive long-term growth. It is also well positioned to benefit from acquisitions and joint ventures. The stock has outperformed the industry year to date. However, the company's high debt level remains a concern." (9/19/2017)
• 2. Jefferies Group LLC analysts commented, "While there are some headwinds from prices/cost in Europe in 1Q and Peso linked inflation in Mexico in 2017, mgmt. has done a good job ushering a turnaround and adding stability to the business. The stock has come under pressure on border tax concerns, but the impact seems more manageable and it's encouraging mgmt. thinks it could offset the headwind longer term." (2/7/2017)

Some companies that are related to Owens-Illinois include Allegion PLC (ALLE), BPC Acquisition Corp (BERY), The Middleby Corporation (MIDD), Graco (GGG), Nordson Corporation (NDSN), Hubbell (HUBB), HD Supply Holdings (HDS), Lincoln Electric Holdings (LECO), Donaldson Company (DCI), G4S (GFSZY), Zebra Technologies Corporation (ZBRA), AGCO Corporation (AGCO), Flowserve Corporation (FLS), Metso Oyj (MXCYY), AptarGroup (ATR), Reliance Steel & Aluminum Co. (RS), Colfax Corporation (CFX) and Sonoco Products Company (SON).

Owens-Illinois' management team includes the folowing people:

• Andres A. Lopez, President, Chief Executive Officer, Director
• Jan A. Bertsch, Chief Financial Officer, Senior Vice President
• Miguel Alvarez, President, Latin America
• Timothy M. Connors, President , Asia Pacific
• Sergio B. O Galindo, President, North America
• Vitaliano Torno, President, Europe
• Paul A. Jarrell, Senior Vice President, Chief Administrative Officer
• MaryBeth Wilkinson, Senior Vice President, General Counsel
• James W. Baehren, Senior Vice President-Corporate Development and Special Advisor, the Chief Executive Office
• John A. Haudrich, Senior Vice President and Chief Strategy and Integration Officer

Owens-Illinois' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.08%), BlackRock Inc. (9.31%), Great West Life Assurance Co. Can (4.88%), State Street Corp (4.18%), Sasco Capital Inc. CT (3.75%) and Wedge Capital Management L L P NC (2.85%). Company insiders that own Owens-Illinois stock include Albert P L Stroucken, Gordon Hardie, Hugh H Roberts, Jan Bertsch, John Haudrich, Moyano Giancarlo Currarino, Peter S Hellman, Sergio BO Galindo, Timothy M Connors and Vitaliano Torno. View Institutional Ownership Trends for Owens-Illinois.

Owens-Illinois' stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, State Street Corp, Edmond DE Rothschild Holding S.A., Bank of New York Mellon Corp, Schwab Charles Investment Management Inc., Sasco Capital Inc. CT, Prudential Financial Inc. and Clark Estates Inc. NY. Company insiders that have sold Owens-Illinois stock in the last year include Moyano Giancarlo Currarino and Sergio BO Galindo. View Insider Buying and Selling for Owens-Illinois.

Owens-Illinois' stock was purchased by a variety of institutional investors in the last quarter, including Thrivent Financial For Lutherans, LSV Asset Management, BlackRock Inc., PDT Partners LLC, FMR LLC, First Trust Advisors LP, Russell Investments Group Ltd. and AJO LP. Company insiders that have bought Owens-Illinois stock in the last two years include Gordon Hardie, Hugh H Roberts, Jan Bertsch, Peter S Hellman and Timothy M Connors. View Insider Buying and Selling for Owens-Illinois.

Shares of Owens-Illinois can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Owens-Illinois stock can currently be purchased for approximately $24.14.