Owens-Illinois Inc (NYSE:OI) declared a quarterly dividend on Monday, October 28th, RTT News reports. Shareholders of record on Friday, November 29th will be given a dividend of 0.05 per share by the industrial products company on Monday, December 16th. This represents a $0.20 dividend on an annualized basis and a yield of 2.30%.
OI stock opened at $8.68 on Wednesday. The stock has a 50-day moving average price of $9.98 and a two-hundred day moving average price of $14.33. The stock has a market cap of $1.69 billion, a PE ratio of 3.19, a price-to-earnings-growth ratio of 1.44 and a beta of 1.52. The company has a current ratio of 1.53, a quick ratio of 1.00 and a debt-to-equity ratio of 5.72. Owens-Illinois has a 1 year low of $8.51 and a 1 year high of $20.78.
Owens-Illinois (NYSE:OI) last released its earnings results on Monday, October 28th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.01). The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.74 billion. Owens-Illinois had a positive return on equity of 36.80% and a negative net margin of 6.58%. Owens-Illinois’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. On average, analysts forecast that Owens-Illinois will post 2.3 earnings per share for the current fiscal year.
In other Owens-Illinois news, Director Carol A. Williams acquired 10,000 shares of Owens-Illinois stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $12.21 per share, for a total transaction of $122,100.00. Following the purchase, the director now directly owns 60,761 shares in the company, valued at approximately $741,891.81. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.
Owens-Illinois Company Profile
Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Americas, Europe, and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals.
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