Owens-Illinois Inc (NYSE:OI) was the recipient of some unusual options trading activity on Wednesday. Stock traders bought 1,665 put options on the company. This represents an increase of 1,836% compared to the average daily volume of 86 put options.
Owens-Illinois stock opened at $15.67 on Thursday. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 5.98. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 5.91, a price-to-earnings-growth ratio of 0.93 and a beta of 1.40. Owens-Illinois has a twelve month low of $15.67 and a twelve month high of $24.66.
Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.75 earnings per share for the quarter, hitting the consensus estimate of $0.75. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.78 billion. Owens-Illinois had a net margin of 1.94% and a return on equity of 44.21%. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.77 earnings per share. On average, equities analysts anticipate that Owens-Illinois will post 2.74 EPS for the current fiscal year.
A number of research firms have recently issued reports on OI. Zacks Investment Research downgraded shares of Owens-Illinois from a “hold” rating to a “sell” rating in a report on Tuesday, September 25th. Robert W. Baird dropped their price objective on shares of Owens-Illinois from $25.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, July 25th. Bank of America set a $22.00 price objective on shares of Owens-Illinois and gave the stock a “hold” rating in a report on Wednesday, July 25th. Finally, Citigroup dropped their price objective on shares of Owens-Illinois from $29.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $23.66.
Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.
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