A recent report states that O-I has issued an update on its FY15 earnings guidance, with earnings per share (EPS) guidance of USD 2.20-2.60 for the period, compared to the Thomson Reuters consensus estimate of USD 2.62.
Owens-Illinois Inc. (O-I) has issued an update on its FY15 earnings guidance, with earnings per share (EPS) guidance of USD 2.20-2.60 for the period, compared to the Thomson Reuters consensus estimate of USD 2.62, according to a report from Analyst Rating News.
O-I has a one year low of USD 22.65 and a one year high of USD 35.18. The stock has a 50-day moving average of USD 25.01 and a 200-day moving average of USD 27.30. The company has a market cap of USD 4.019 billion and a P/E ratio of 31.17.
O-I last released its earnings data on 2 February. The company reported USD 0.46 earnings per share for the quarter, meeting the analysts’ consensus estimate of USD 0.46. The company had revenue of USD 1.60 billion for the quarter. During the same quarter last year, the company posted USD 0.51 earnings per share. Owens-Illinois’s revenue was down 9.0% compared to the same quarter last year. Analysts expect that Owens-Illinois Inc will post USD 2.61 EPS for the current fiscal year.
A number of research firms have recently commented on O-I. Analysts at Barclays lowered their price target on the company’s shares from USD 25.00 to USD 24.00 and set an equal weight rating on the stock in a research note on 20 January. Analysts at Citigroup Inc. reiterated a hold rating and set a USD 26.00 price target (down previously from USD 28.00) on shares of O-I in a research note on 15 January. Analysts at Bank of America lowered their price target on company shares from USD 27.00 to USD 26.00 and set an underperform rating on the stock in a research note on 9 December. Finally, analysts at BMO Capital Markets downgraded shares of O-I from an outperform rating to a market perform rating in a research note on 20 November. One analyst has rated the stock with a sell rating, 11 have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. O-I presently has a consensus rating of Hold and an average target price of USD 29.58.
Owens-Illinois, Inc is a glass container manufacturer and preferred partner for various food and beverage brands. It provides glass packaging for beer, wine, spirits, food, non-alcoholic beverages, cosmetics and pharmaceuticals. It also produces tableware and stemware for household use.