ON (ONON) Scheduled to Post Earnings on Tuesday

ON (NYSE:ONON) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. ON has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

ON (NYSE:ONON) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). ON had a return on equity of 13.02% and a net margin of 7.42%. The company had revenue of $627.66 million for the quarter, compared to analysts’ expectations of $634.43 million. On average, analysts expect ON to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ON Price Performance

Shares of ONON stock traded up $1.09 during midday trading on Tuesday, reaching $47.39. 790,532 shares of the company traded hands, compared to its average volume of 4,938,230. The firm’s 50 day simple moving average is $48.67 and its two-hundred day simple moving average is $42.13. The firm has a market cap of $29.84 billion, a PE ratio of 87.36 and a beta of 2.25. ON has a 1-year low of $24.15 and a 1-year high of $52.80.

Analyst Ratings Changes

ONON has been the subject of several research reports. Evercore ISI raised ON to an “overweight” rating and lifted their price objective for the stock from $43.00 to $47.00 in a report on Monday, August 12th. Morgan Stanley boosted their price objective on shares of ON from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 14th. Truist Financial raised their target price on shares of ON from $51.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Stifel Nicolaus upped their price target on shares of ON from $45.00 to $59.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, HSBC initiated coverage on ON in a research report on Thursday, September 5th. They set a “hold” rating and a $52.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, ON currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.05.

About ON

On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.