NYSE:OI - Owens-Illinois Stock Price, News & Analysis

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 1.83%. The ex-dividend date of this dividend is Thursday, August 29th. View Owens-Illinois' Dividend History.

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

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

Owens-Illinois is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Owens-Illinois.

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

10 brokerages have issued 12 month target prices for Owens-Illinois' shares. Their forecasts range from $11.00 to $24.00. On average, they anticipate Owens-Illinois' stock price to reach $17.1111 in the next twelve months. This suggests a possible upside of 57.0% 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.

Media headlines about OI stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Owens-Illinois earned a media sentiment score of 0.9 on InfoTrie's scale. They also gave media headlines about the industrial products company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Owens-Illinois.

Owens-Illinois saw a decline in short interest in August. As of August 31st, there was short interest totalling 5,083,100 shares, a decline of 27.5% from the July 31st total of 7,014,700 shares. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 3.3% of the shares of the company are short sold. View Owens-Illinois' Current Options Chain.

Some companies that are related to Owens-Illinois include Sealed Air (SEE), Pentair (PNR), Metso Oyj (MXCYY), Flowserve (FLS), KION GRP AG/ADR (KIGRY), Sonoco Products (SON), AGCO (AGCO), Lincoln Electric (LECO), GEA Group Aktiengesellschaft (GEAGY), Taylor Wimpey (TW), Berry Global Group (BERY), Berkeley Group (BKG), Meggitt (MGGT), NSK LTD/ADR (NPSKY) and HITACHI CONSTR/ADR (HTCMY).

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 many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.63%), BlackRock Inc. (9.52%), BlackRock Inc. (9.52%), Russell Investments Group Ltd. (4.64%), Lyrical Asset Management LP (3.68%) and LSV Asset Management (3.64%). 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 Bank of Montreal Can, Renaissance Technologies LLC, Lyrical Asset Management LP, Sterling Capital Management LLC, ClariVest Asset Management LLC, Parametric Portfolio Associates LLC, Trillium Asset Management LLC and First Trust Advisors LP. 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 acquired by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Nuveen Asset Management LLC, BlackRock Inc., BlackRock Inc., Prudential Financial Inc., Bank of New York Mellon Corp, LSV Asset Management and Cumberland Partners Ltd. 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 $10.90.

Owens-Illinois has a market capitalization of $1.69 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]