Owens-Illinois (OI) Set to Announce Earnings on Wednesday

Owens-Illinois (NYSE:OI) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, February 7th. Analysts expect Owens-Illinois to post earnings of $0.56 per share for the quarter.

Shares of Owens-Illinois (NYSE:OI) opened at $22.47 on Monday. Owens-Illinois has a 12-month low of $19.12 and a 12-month high of $25.90. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.74 and a current ratio of 1.23. The firm has a market capitalization of $3,660.00, a price-to-earnings ratio of 15.08, a PEG ratio of 1.20 and a beta of 1.46.

A number of analysts have recently weighed in on the company. Robert W. Baird reaffirmed a “hold” rating and set a $25.00 price objective on shares of Owens-Illinois in a research report on Thursday, October 12th. ValuEngine raised Owens-Illinois from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 13th. Royal Bank of Canada set a $27.00 price objective on Owens-Illinois and gave the stock a “hold” rating in a research report on Tuesday, October 17th. UBS Group reaffirmed a “neutral” rating and set a $27.00 price objective (up previously from $26.00) on shares of Owens-Illinois in a research report on Tuesday, October 24th. Finally, Bank of America upped their price objective on Owens-Illinois from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Owens-Illinois has a consensus rating of “Hold” and an average target price of $26.36.

In related news, insider Timothy M. Connors sold 3,500 shares of the stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $23.86, for a total value of $83,510.00. Following the transaction, the insider now owns 19,624 shares of the company’s stock, valued at $468,228.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.50% of the company’s stock.

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About Owens-Illinois

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

Earnings History for Owens-Illinois (NYSE:OI)

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