Owens-Illinois (OI) to Release Earnings on Tuesday

Owens-Illinois (NYSE:OI) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 30th. Analysts expect Owens-Illinois to post earnings of $0.75 per share for the quarter.

OI stock opened at $16.63 on Monday. The company has a debt-to-equity ratio of 5.98, a quick ratio of 0.76 and a current ratio of 1.21. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 6.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. Owens-Illinois has a 1-year low of $16.01 and a 1-year high of $24.66.

Several research firms have weighed in on OI. Zacks Investment Research lowered Owens-Illinois from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Bank of America set a $22.00 target price on Owens-Illinois and gave the stock a “hold” rating in a report on Wednesday, July 25th. Robert W. Baird reduced their target price on Owens-Illinois from $25.00 to $21.00 and set a “neutral” rating on the stock in a report on Wednesday, July 25th. Finally, Citigroup reduced their target price on Owens-Illinois from $29.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.66.

About Owens-Illinois

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.

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Earnings History for Owens-Illinois (NYSE:OI)

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