Owens-Illinois, Inc. (NYSE:OI) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.55-2.65 for the period, compared to the Thomson Reuters consensus estimate of $2.63. Owens-Illinois also updated its Q3 guidance to $0.70-0.75 EPS.

Several equities analysts recently issued reports on the stock. UBS AG assumed coverage on shares of Owens-Illinois in a research note on Tuesday, September 5th. They issued a neutral rating and a $26.00 target price for the company. Jefferies Group LLC reiterated a hold rating and issued a $27.00 target price (up from $26.00) on shares of Owens-Illinois in a research note on Wednesday, August 2nd. Robert W. Baird reiterated a hold rating and issued a $25.00 target price on shares of Owens-Illinois in a research note on Friday, September 1st. BidaskClub cut shares of Owens-Illinois from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a hold rating and issued a $24.00 target price on shares of Owens-Illinois in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $25.50.

Owens-Illinois, Inc. (NYSE:OI) traded down 0.28% during trading on Tuesday, reaching $24.71. 1,274,105 shares of the company’s stock were exchanged. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 17.91 and a beta of 1.51. Owens-Illinois, Inc. has a 52 week low of $16.80 and a 52 week high of $25.08. The stock has a 50-day moving average price of $24.09 and a 200 day moving average price of $22.37.

Owens-Illinois (NYSE:OI) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.08. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period last year, the firm posted $0.65 EPS. Owens-Illinois’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts forecast that Owens-Illinois, Inc. will post $2.62 earnings per share for the current fiscal year.

In other Owens-Illinois news, insider Sergio B.O. Galindo sold 5,477 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $24.93, for a total transaction of $136,541.61. Following the sale, the insider now directly owns 34,890 shares in the company, valued at approximately $869,807.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Moyano Giancarlo Currarino sold 1,360 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $23.97, for a total transaction of $32,599.20. Following the sale, the senior vice president now owns 23,954 shares in the company, valued at $574,177.38. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

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About Owens-Illinois

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

Earnings History and Estimates for Owens-Illinois (NYSE:OI)

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