Why You Must Add Owens-Illinois (OI) Stock To Your Portfolio
Zacks Investment Research | Sep 04, 2017 09:45PM ET
Owens-Illinois, Inc. (NYSE:OI) stock looks promising at the moment. We are positive on the company’s prospects and believe that this is the right time to add the stock to your portfolio, as it is poised to carry the momentum ahead.
Let’s delve deeper into the factors that make Owens-Illinois an attractive investment option.
What’s Working in Favor of Owens-Illinois?
Solid Q2: Owens-Illinois reported second-quarter 2017 adjusted earnings per share of 75 cents, comfortably beating the Zacks Consensus Estimate of 67 cents by a wide margin of 12%. In addition, earnings jumped 15% year over year and exceeded management’s guidance range.
Upbeat Guidance: Owens-Illinois raised its earnings per share guidance for 2017, reflecting consistent solid operating performance, favorable currency translation and a lower tax rate. Adjusted earnings per share are now projected in the range of $2.55-$2.65. The mid-point of the guidance range reflects 12.6% year-over-year growth. For 2017, the company remains on track to achieve all financial targets, including volume growth, margin, adjusted earnings, cash flow and deleveraging.
Ahead of the Industry: Owens-Illinois has significantly outperformed the .
Terex has expected long-term earnings growth rate of 19.7%.
Caterpillar has expected long-term earnings growth rate of 9.5%.
Komatsu has expected long-term earnings growth rate of 12.7%.
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