Analysts See $0.66 EPS for Owens-Illinois Inc (OI)

July 18, 2017 - By Peter Erickson

 Analysts See $0.66 EPS for Owens Illinois Inc (OI)
Investors sentiment decreased to 1.07 in Q4 2016. Its down 0.19, from 1.26 in 2016Q3. It worsened, as 52 investors sold Owens-Illinois Inc shares while 89 reduced holdings. 56 funds opened positions while 95 raised stakes. 149.18 million shares or 3.88% more from 143.61 million shares in 2016Q3 were reported.
Arrowpoint Asset Management Lc invested 0.12% in Owens-Illinois Inc (NYSE:OI). Stifel Finance holds 137,627 shares or 0.01% of its portfolio. Hutchin Hill Capital Limited Partnership reported 0.16% in Owens-Illinois Inc (NYSE:OI). 1.50M are held by Northern Corp. Assetmark stated it has 164 shares or 0% of all its holdings. Liberty Mutual Gp Asset Management Inc holds 0.05% of its portfolio in Owens-Illinois Inc (NYSE:OI) for 76,983 shares. Snow Capital Management Limited Partnership invested in 0.52% or 668,152 shares. Employees Retirement Sys Of Texas owns 0.09% invested in Owens-Illinois Inc (NYSE:OI) for 392,000 shares. First Quadrant L P Ca reported 193,217 shares. Utah Retirement invested in 0.01% or 29,341 shares. Bancshares Of Montreal Can stated it has 0% in Owens-Illinois Inc (NYSE:OI). South Dakota Inv Council invested in 0.2% or 543,550 shares. Envestnet Asset Mgmt Incorporated accumulated 0% or 15,937 shares. Cornercap Invest Counsel stated it has 0.1% of its portfolio in Owens-Illinois Inc (NYSE:OI). Contravisory Invest has invested 0.06% of its portfolio in Owens-Illinois Inc (NYSE:OI).

Since March 7, 2017, it had 0 insider purchases, and 1 sale for $414,391 activity. BAEHREN JAMES W sold $414,391 worth of stock.

Wall Street await Owens-Illinois Inc (NYSE:OI) to release earnings on July, 26. Analysts forecast EPS of $0.66, up exactly $0.01 or 1.54 % from 2014’s $0.65 EPS. The expected OI’s profit could reach $109.11 million giving the stock 9.35 P/E in the case that $0.66 earnings per share is reported. After posting $0.58 EPS for the previous quarter, Owens-Illinois Inc’s analysts now forecast 13.79 % EPS growth. The stock decreased 0.38% or $0.09 during the last trading session, reaching $24.68. About 1.20 million shares traded or 9.09% up from the average. Owens-Illinois Inc (NYSE:OI) has risen 20.39% since July 18, 2016 and is uptrending. It has outperformed by 3.69% the S&P500.

Owens-Illinois Inc (NYSE:OI) Ratings Coverage

Among 11 analysts covering Owens-Illinois Inc (NYSE:OI), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. Owens-Illinois Inc had 26 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 30. RBC Capital Markets maintained Owens-Illinois Inc (NYSE:OI) on Thursday, July 13 with “Hold” rating. The stock of Owens-Illinois Inc (NYSE:OI) has “Buy” rating given on Tuesday, September 15 by Bank of America. The stock of Owens-Illinois Inc (NYSE:OI) earned “Hold” rating by Jefferies on Thursday, July 14. The stock of Owens-Illinois Inc (NYSE:OI) has “Buy” rating given on Monday, October 19 by Deutsche Bank. As per Monday, April 24, the company rating was maintained by BMO Capital Markets. The stock of Owens-Illinois Inc (NYSE:OI) has “Hold” rating given on Friday, July 31 by TheStreet. The rating was maintained by Credit Suisse on Friday, October 30 with “Neutral”. The firm earned “Hold” rating on Monday, July 3 by RBC Capital Markets. Goldman Sachs initiated Owens-Illinois Inc (NYSE:OI) on Thursday, May 12 with “Sell” rating.

Owens-Illinois, Inc. is a manufacturer of glass container products. The company has market cap of $4.08 billion. The Company’s principal product lines are glass containers for the food and beverage industries. It has a 20.48 P/E ratio. The Company’s divisions include Europe, North America, Latin America and Asia Pacific.

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