Owens-Illinois (NYSE:OI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.75-2.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.84.

Owens-Illinois (NYSE:OI) opened at $21.69 on Wednesday. The firm has a market capitalization of $3,430.96, a PE ratio of 14.76, a P/E/G ratio of 1.13 and a beta of 1.46. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 5.73. Owens-Illinois has a 1-year low of $19.12 and a 1-year high of $25.90.

Owens-Illinois (NYSE:OI) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Owens-Illinois had a return on equity of 63.33% and a net margin of 3.59%. Owens-Illinois’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.50 EPS. research analysts anticipate that Owens-Illinois will post 2.63 earnings per share for the current year.

A number of equities analysts recently weighed in on OI shares. Bank of America raised their price objective on Owens-Illinois from $29.00 to $30.00 and gave the company a buy rating in a report on Wednesday, October 25th. TheStreet cut Owens-Illinois from a b rating to a c+ rating in a report on Wednesday, October 25th. Royal Bank of Canada reissued a hold rating and set a $26.00 price objective on shares of Owens-Illinois in a report on Thursday, December 14th. KeyCorp reaffirmed a hold rating on shares of Owens-Illinois in a research note on Friday, November 10th. Finally, Robert W. Baird reaffirmed a hold rating and issued a $25.00 price target on shares of Owens-Illinois in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Owens-Illinois has an average rating of Hold and a consensus target price of $26.36.

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Owens-Illinois Company Profile

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.

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