|Bid||0.00 x 2900|
|Ask||0.00 x 1100|
|Day's Range||10.47 - 10.73|
|52 Week Range||10.30 - 20.78|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||6.60|
|Earnings Date||Oct 28, 2019|
|Forward Dividend & Yield||0.20 (1.56%)|
|1y Target Est||16.50|
Higher operating costs led to Owens-Illinois (OI) Q2 results falling short of the Zacks Consensus Estimate as well as the year-ago results and is expected to hurt Q3 results as well.
Owens-Illinois (OI) delivered earnings and revenue surprises of -9.21% and -0.15%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Owens-Illinois (NYSE: OI ) announces its next round of earnings this Wednesday, July 31. Here is Benzinga's everything-that-matters guide for the Q2 earnings announcement. Earnings and Revenue Wall Street ...
Sealed Air (NYSE:SEE) stock will report earnings on Aug. 2 before the opening bell. The Charlotte-based packaging company may not always make the headlines every day, but it performs a function critical to modern life. It provides packaging materials for both food and the shipping of goods. Most Americans know the company for its Bubble Wrap and Cryovac food packaging materials.Source: Shutterstock While the company's products add value to consumers, shareholder return has long proved more elusive. The stock broke out of its long-held range in 2014, only to set a new record high the next year and pull back. Rising profit forecasts show some potential for return. Still, traders should assume that current ranges will define SEE stock until proven otherwise. Expect Flat Earnings, Revenue NumbersWall Street forecasts earnings of 64 cents per share. If this number holds, it will represent no change from the same quarter last year. Analysts also expect revenues of $1.17 billion. The company brought in $1.16 in the year-ago quarter.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSEE stock has beaten earnings estimates in each of the previous seven quarters. However, Sealed Air missed on revenues in the last quarter. They blamed this on currency fluctuations. That began a correction phase in the stock throughout May. It has since recovered most of the losses. Still, the current SEE stock price of around $44 per share comes in below the $46.62 per share level it saw before the last earnings report. It has also experienced analyst downgrades and a firing in the C-suite during this time. * 10 Companies I'd Love to See Go Public Profit Growth May Not Lead to Stock GainsAmid this turbulence, the company has improved profit growth. Over the previous five years, earnings grew at an average rate of 4.5%. However, profits growth has accelerated. Consequently, analysts now expect earnings to increase by 9.2% this year and 11% in fiscal 2020. This outperforms peers such as International Paper (NYSE:IP), Amcor (NYSE:AMCR) or Owens-Illinois (NYSE:OI). One could make an argument that its forward price-to-earnings ratio should move higher than the current 14.5 with the faster profit increases.Unfortunately, this improvement has so far done little to improve the SEE stock price. SEE peaked at almost $56 per share in the summer of 2015. Since that time, it has seen a gradual downward slide. It has also not made it above $50 since that time.Even more worrisome, SEE stock has a long history of range-bound trading. SEE peaked at $35 per share in 1998. It did not move beyond that level until 2014! Unfortunately for bulls, SEE again appears stuck in a range. Long-term holders will receive a little consolation for its rising dividend. Still, at a yield of just under 1.5%, few will buy the equity for these payouts. Should I Buy SEE Stock Before Earnings?Given the history of Sealed Air stock, I would not buy this equity going into earnings. I say that not so much because of the quarter. Despite zero profit growth for this particular quarter, overall profit increases look poised to break into the double digits next year.What traders need is to see if SEE stock breaks its old highs. Twice in 2017, SEE pulled back right as it approached the $50 per share level. If it can then break that level, the next test would come at the $56 per share level. Perhaps the rising yearly profits will finally force the price ceilings to break. However, with the extensive history of trading in a range, investors should treat this as a range-bound stock until it proves itself otherwise.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Small-Cap Stocks to Buy Before They Grow Up * 7 Stocks to Buy With Over 20% Upside From Current Levels * 7 Marijuana Penny Stocks to Consider for Those Who Can Handle Risk The post Sealed Air Will Probably Beat on Earnings, But That Won't Save SEE Stock appeared first on InvestorPlace.
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.
Owens-Illinois Inc NYSE:OIView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for OI with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding OI are favorable, with net inflows of $6.26 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. OI credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
For many, the main point of investing is to generate higher returns than the overall market. But in any portfolio...
PERRYSBURG, Ohio / SCHIEDAM, the Netherlands (July 3, 2019) - Owens-Illinois Group, Inc. (the "Company") announced that its wholly-owned subsidiary, OI European Group B.V. ("O-I Europe"), has delivered a notice of partial redemption to holders of O-I Europe`s outstanding 6.75% senior notes due 2020 (the "Notes") calling for the redemption of €250 million aggregate principal amount of the outstanding Notes. Following the redemption, €250 million aggregate principal amount of the Notes will remain outstanding. The redemption date will be July 12, 2019.
Owens-Illinois' (OI) Nueva Fanal glass-plant buyout is in line with its strategy to invest in the sustainable growth of glass packaging.
In a recent Bloomberg’s interview, Atlantic Investment Management’s Alexander Roepers discussed his market expectations, which he already shared in a report published a month ago. Namely, the word is about rotation to value stocks, which he anticipated three years ago as well. When asked about why he thinks the rotation is now more imminent than […]
Owens-Illinois, Inc. (OI) today announced it has completed the acquisition of Nueva Fábrica Nacional de Vidrio, S. de R.L. de C.V. ("Nueva Fanal") from Grupo Modelo, a wholly owned affiliate of Anheuser-Busch InBev SA/NV (ABI.NX) in a transaction valued at approximately US$188 million. The Nueva Fanal facility is located near Mexico City, Mexico. Currently, this plant has four furnaces to produce and supply approximately 300,000 tons of glass containers annually for Grupo Modelo brands serving the local and global export markets.
FOR IMMEDIATE RELEASE For more information, contact: Sasha Sekpeh O-I Investor Relations (567) 336-5128 firstname.lastname@example.org O-I Announces Second ...
Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter. Trends reversed 180 degrees during the first quarter amid Powell's pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a disproportionate amount of their […]
In this article we are going to estimate the intrinsic value of Owens-Illinois, Inc. (NYSE:OI) by estimating the...
Owens-Illinois (OI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Owens-Illinois, Inc. (OI) today announced that the Company will participate in the Deutsche Bank 2019 10th Annual Global Industrials and Materials Summit on Thursday, June 6, 2019, in Chicago, IL. O-I Chief Financial Officer John Haudrich will present at 11:20 a.m. CT. With global headquarters in Perrysburg, Ohio, we are the preferred partner for many of the world`s leading food and beverage brands.
A U.S. judge on Tuesday confirmed a roughly $500 million arbitration award that a unit of Owens-Illinois Inc obtained against Venezuela in connection with the country's seizure and nationalization of two plants in 2010. U.S. District Judge Amy Berman Jackson in Washington, D.C. said federal law required her to confirm the 2015 award in favor of Owens-Illinois European Group BV from the World Bank's International Centre for Settlement of Investment Disputes. Jackson rejected Owens-Illinois' means to calculate post-judgment interest, accepting a lower rate proposed by Guaido's government.
Favorable market trends, improved pricing, structural cost reductions will drive Owens-Illinois' (OI) results despite higher interest levels and unfavorable currency impact.