OI - Owens-Illinois, Inc.
| Previous Close | 10.70 |
| Open | 10.74 |
| Bid | 10.63 x 1400 |
| Ask | 10.64 x 1300 |
| Day's Range | 10.62 - 10.81 |
| 52 Week Range | 8.26 - 20.78 |
| Volume | 584,293 |
| Avg. Volume | 2,204,737 |
| Market Cap | 1.7B |
| Beta (3Y Monthly) | 1.49 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.83 |
| Earnings Date | Feb 4, 2020 |
| Forward Dividend & Yield | 0.20 (2.03%) |
| Ex-Dividend Date | 2019-11-27 |
| 1y Target Est | 11.88 |
- Insider Monkey
Here’s What Hedge Funds Think About Owens-Illinois Inc (OI)
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
- GlobeNewswire
Reading, Writing, Arithmetic and RECYCLING
Owens-Illinois, Inc. (OI), the world’s largest producer of glass packaging, announces its support for new legislation aimed at educating and increasing recycling rates in the United States. “O-I is thrilled to see bi-partisan legislation that will have an important impact on reducing waste and increasing the availability of recyclable materials, like glass,” said Randolph Burns, O-I’s Global VP of Government Relations. The RECYCLE Act, administered by the U.S. Environment Protection Agency (EPE), is an outreach grant program to inform and educate consumers on which items are accepted in their municipal recycling programs.
- GlobeNewswire
O-I Announces Commencement of Consent Solicitations and Process to Amend Bank Credit Agreement Related to Corporate Modernization
Owens-Illinois, Inc. (“O-I” or the “Company”) today announced that the Board of Directors of the Company has authorized the commencement of consent solicitations to amend and waive certain provisions in the indentures governing the outstanding senior notes issued by certain of the Company’s subsidiaries and an amendment to the Company’s bank credit agreement. The purpose of the consent solicitations and bank credit agreement amendment is to facilitate the implementation of the Corporate Modernization (as defined below), which, if implemented, would be expected to be completed by the end of 2019. The Company believes that the Corporate Modernization would improve the Company’s operating efficiency and cost structure, while ensuring the Company remains well-positioned to address its legacy liabilities.
- Zacks
Owens-Illinois Plunges 44% YTD: What's Pulling the Stock Down?
Unfavorable foreign-currency translation impact, elevated operational costs and beer-consumption decline in the domestic market remain headwinds for Owens-Illinois (OI).
- Moody's
Owens-Brockway Glass Container, Inc. -- Moody's announces completion of a periodic review of ratings of Owens-Illinois Inc.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Owens-Illinois Inc. New York, November 27, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Owens-Illinois Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
- Zacks
Owens-Illinois (OI) Up 9.5% Since Last Earnings Report: Can It Continue?
Owens-Illinois (OI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
Owens-Illinois (OI) Hit by Weak Beer Demand in U.S. Markets
Owens-Illinois' (OI) 2019 results is likely to be impacted by the continued slowdown in beer consumption in the United States and unfavorable foreign currency headwinds.
- GlobeNewswire
OI European Group B.V. Issues Notice of Full Redemption for 6.75% Senior Notes due 2020 and Notice of Partial Redemption for 4.875% Senior Notes due 2021
PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Owens-Illinois Group, Inc. (the “Company”) announced that its wholly-owned subsidiary, OI European Group B.V. (“OI Europe”), has delivered (i) a notice of redemption to holders of OI Europe’s outstanding 6.75% senior notes due 2020 (the “2020 Notes”) calling for the redemption of the remaining €250 million aggregate principal amount of outstanding 2020 Notes and (ii) a notice of partial redemption to holders of OI Europe’s outstanding 4.875% senior notes due 2021 (the “2021 Notes” and, together with the 2020 Notes, the “Notes”) calling for the redemption of €212 million aggregate principal amount of the outstanding 2021 Notes. Following the partial redemption of the 2021 Notes, €118 million aggregate principal amount of the 2021 Notes will remain outstanding.
- Zacks
New Strong Sell Stocks for November 12th
Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today
- Moody's
Owens-Illinois Inc. -- Moody's assigns Ba3 to Owens-Illinois' sr unsecured notes; Ba3 CFR and negative outlook unchanged
Moody's Investors Service ("Moody's") has assigned a Ba3 rating to the Senior Unsecured Notes issued by OI European Group B.V., a subsidiary of Owens-Illinois Inc. The Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating, all other instrument ratings, the SGL-2 rating and the Negative Outlook for Owens-Illinois Inc. remain unchanged. The transaction is credit neutral as the total debt remains the same, but the refinancing will result in lower interest expense, increase in free cash flow, and extend the maturity profile.
- GlobeNewswire
OI European Group B.V. Launches €300 Million Green Bond Offering
Owens-Illinois Group, Inc. (the “Company”), announced that OI European Group B.V. (“OI Europe”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, €300 million aggregate principal amount of senior notes due 2025 in a private offering to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”). OI Europe’s obligations under the senior notes will be guaranteed on a joint and several basis by the Company and certain U.S. domestic subsidiaries of the Company that are guarantors under the Company’s credit agreement.
- Thomson Reuters StreetEvents
Edited Transcript of OI earnings conference call or presentation 29-Oct-19 12:00pm GMT
Q3 2019 Owens-Illinois Inc Earnings Call
- Zacks
Owens-Illinois (OI) Earnings Beat, Sales Miss Estimates in Q3
Owens-Illinois' (OI) third-quarter earnings decline year over year on foreign currency translation and discrete items as well as lower shipments.
- ACCESSWIRE
Owens-Illinois, Inc. to Host Earnings Call
NEW YORK, NY / ACCESSWIRE / October 29, 2019 / Owens-Illinois, Inc. (NYSE: OI ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 29, 2019 at 8:00 AM ...
- Zacks
Owens-Illinois (OI) Q3 Earnings Beat Estimates
Owens-Illinois (OI) delivered earnings and revenue surprises of 1.89% and -3.72%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
O-I Reports Third Quarter 2019 Results
$32 million of this decline was attributable to currency and discrete items. Higher selling prices more than offset cost inflation yet total sales volumes were down approximately 1 percent. While benefiting from the recent acquisition of Nueva Fanal, lower than expected shipments reflected slower market growth, especially in Mexico and China, as well as continued unfavorable demand trends for beer and non-alcoholic beverages in the U.S. The company reduced its total debt by $443 million (net debt2 by $345 million) in the third quarter supported by free cash flow during the period.
- Insider Monkey
Is Owens-Illinois Inc (OI) Going To Burn These Hedge Funds ?
Before we spend days researching a stock idea we like to take a look at how hedge funds and billionaire investors recently traded that stock. Russell 2000 ETF (IWM) lagged the larger S&P 500 ETF (SPY) by more than 10 percentage points since the end of the third quarter of 2018. This means hedge funds […]
- TheStreet.com
Opportunity Is Bottled Up in This Stock, So Be Ready When it Pops
Owens-Illinois is the largest producer of glass containers in North America, South America, New Zealand and Europe. A number of non-recurring charge-offs clouded remarkably steady earnings per share, or EPS, over the previous nine years.
- Simply Wall St.
Owens-Illinois, Inc. (NYSE:OI) Is Yielding 2.0% - But Is It A Buy?
Dividend paying stocks like Owens-Illinois, Inc. (NYSE:OI) tend to be popular with investors, and for good reason...
- Zacks
Analysts Estimate Owens-Illinois (OI) to Report a Decline in Earnings: What to Look Out for
Owens-Illinois (OI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire
O-I Announces Sustainable Improvement Loan
Owens-Illinois, Inc. (OI), a global leader in food and beverage packaging, is furthering its commitment to sustainability by securing a $225 million bank loan, with a sustainability-linked pricing mechanism. The loan will be issued to OI European Group BV, a wholly owned subsidiary, and proceeds will be used to retire existing bank debt. Funding will be provided by Bank of America, who also will serve as Sustainability Coordinator for this transaction.
- Globenewswire Test
O-I Announces Third Quarter 2019 Earnings Conference Call and Webcast
PERRYSBURG, Ohio, Oct. 03, 2019 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASEOwens-Illinois, Inc. (NYSE: OI) has scheduled its third quarter 2019 conference call and webcast for Tuesday, Oct. 29, 2019, at 8 a.m. EDT. The Company’s news release for the third quarter 2019 earnings will be issued after the market closes on Monday, Oct. 28. What: O-I Conference Call and Webcast Earnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued.When: Tuesday, Oct. 29, 2019, at 8 a.m. EDTWhere: http://investors.o-i.com/phoenix.zhtml?c=88324&p=irol-calendar The webcast will be archived at www.o-i.com/investors until Oct. 2020. To participate in the event via conference call, dial 1-888-733-1701 (U.S. and Canada) or 706-634-4943 (International) by 7:50 a.m. EDT, on Oct. 29. Ask for the O-I conference call. About O-I At Owens-Illinois, Inc. (NYSE: OI), we love glass and we're proud to make more of it than any other glass bottle or jar producer in the world. We love that it’s beautiful, pure and completely recyclable. With global headquarters in Perrysburg, Ohio, we are the preferred partner for many of the world's leading food and beverage brands. Working hand in hand with our customers, we give our passion and expertise to make their bottles iconic and help build their brands around the world. With more than 26,500 employees at 77 plants in 23 countries, O-I has global impact, achieving revenues of $6.9 billion in 2018. For more information, visit o-i.com.Attachment * 3Q 2019 Earnings Conference Call and Webcast CONTACT: For more information, contact: Sasha Sekpeh O-I Investor Relations (567) 336-5128 alexandra.sekpeh@o-i.com
- Simply Wall St.
One Thing To Remember About The Owens-Illinois, Inc. (NYSE:OI) Share Price
If you own shares in Owens-Illinois, Inc. (NYSE:OI) then it's worth thinking about how it contributes to the...
- Zacks
Owens-Illinois (OI) Down 47% in a Year: Will it Bounce Back?
Unfavorable foreign-currency translation impact, elevated operational costs and decline of beer consumption in the domestic market remain headwinds for Owens-Illinois (OI).
