Seeking Alpha

Seeking Alpha Portfolio App for iPad

441 people get OI articles and Market Currents by email alert.

Get email alerts on OI »

OI

Owens Illinois Inc.

5/24/2013, 2:18 PM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Friday, May 24, 8:07 AM Oil traders might have an opportunity in the recently-narrowed spread between WTI crude (USO) and Brent (BNO), says Goldman. Though expecting further narrowing in the near-term, the team recommends selling WTI Dec. 2014 contracts and buying equivalent Brent as rising Gulf Coast supplies later this year and in 2014 should pressure WTI prices. Comment! [Commodities]
Tuesday, April 23, 12:10 AM Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI Comment! [Earnings]
Monday, April 22, 5:35 PM Notable earnings after Tuesday’s close: AAPL, ACC, AMGN, AWAY, BCR, BRCM, CREE, DV, EW, FBC, FTI, HA, HBI, HLIT, HTS, IRBT, ITC, JNPR, LIFE, NBR, NFX, NSC, OI, OII, OMI, PACB, PLCM, PNRA, RFMD, RHI, T, UIS, USNA, VMW, WRB, YUM, ZIXI Comment! [Earnings]
Wednesday, January 30, 5:07 PM More on Owens-Illinois (OI): Q4 beats on earnings albeit on lowered expectations due to a slowdown in its European business. Net losses narrowed - despite a 3.9% dip in net sales and a tightening of gross margins- after the bottle maker posted a goodwill-related charge of $3.86 per share a year earlier. Looking into FY13, the company said it expects continued growth in emerging regions and stable market conditions in North America, but added that ongoing economic uncertainty continues to muddy its forecast for Europe. Comment! [Earnings]
Wednesday, January 30, 4:52 PM Owens-Illinois (OI): Q4 EPS of $0.4 beats by $0.03. Revenue of $1.75B. Shares +2.8% AH. (PR) Comment! [Earnings, Breaking News, Consumer, On the Move]
Wednesday, January 30, 12:10 AM Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO Comment! [Earnings]
Tuesday, January 29, 5:35 PM Notable earnings after Wednesday’s close: ALGN, AMP, ATW, AVB, CDNS, CLB, CMO, COP, CTXS, DRE, EA, EDMC, FB, FIO, FTNT, JDSU, LVS, MUR, NOW, NXPI, OI, QCOM, QTM, STM, SWKS, TSCO Comment! [Earnings]
Friday, October 26, 2012, 1:39 PM Owens-Illinois (OI -2.5%) trades lower today, ignoring an early morning upgrade to Buy on valuation at BofA/Merrill Lynch. The firm says headwinds for the company have diminished and most of the negative news and earnings revisions appear behind it. Management also appears more attuned to capital returns and free cash flow generation, which warrants an expansion in valuation multiples. Comment! [On the Move]
Thursday, October 25, 2012, 1:41 PM Owens-Illinois (OI +3.3%) moves up in spite of posting a mixed Q3 report yesterday. The company beat on a per share basis, but came up shy on revenue. Net earnings fell 23% Y/Y as the bottle maker suffered from sluggish beer consumption in the U.S. and Europe, while its bottom line was negatively impacted by rising raw-materials, energy and transportation costs. Comment! [Earnings, On the Move]
Wednesday, October 24, 2012, 4:28 PM Owens-Illinois (OI): Q3 EPS of $0.69 beats by $0.02. Revenue of $1.81B (-5.2% Y/Y) misses by $60M. Shares +1.9% AH. (PR) 1 Comment [Earnings, On the Move]
Wednesday, October 24, 2012, 12:10 AM Notable earnings after Wednesday’s close: AB, ACOM, AEM, AKAM, AMP, CCI, CDNS, CLF, CMO, CROX, CTXS, EGHT, ENTR, EQR, FFIV, FIO, IDCC, INFN, KBR, LOGI, LSI, OI, ORLY, RRC, RYL, SGMO, SIMO, SPN, SRCL, SYMC, SYNC, TAL, TER, TEX, TLAB, TQNT, TRN, TSCO, TWI, WLL, WYNN, XNPT, ZNGA Comment! [Earnings]
Tuesday, October 23, 2012, 5:35 PM Notable earnings after Wednesday’s close: AB, ACOM, AEM, AKAM, AMP, CCI, CDNS, CLF, CMO, CROX, CTXS, EGHT, ENTR, EQR, FFIV, FIO, IDCC, INFN, KBR, LOGI, LSI, OI, ORLY, RRC, RYL, SGMO, SIMO, SPN, SRCL, SYMC, SYNC, TAL, TER, TEX, TLAB, TQNT, TRN, TSCO, TWI, WLL, WYNN, XNPT, ZNGA Comment! [Earnings]
Friday, October 5, 2012, 3:25 PM Owens-Illinois (OI +4%) is raised to Buy with a $28 price target (up from $20) at Goldman Sachs, which says the change in capital allocation strategy ushered in by the new CFO will drive OI's' EV/EBITDA multiple back to historical average levels. OI also says it will use 90% of its cash over the next two years for debt reduction vs. a previous focus on M&A. Comment! [Quick Ideas, On the Move]
Friday, September 21, 2012, 3:54 PM Maybe behind the plunge in crude earlier this week: Speculative longs were near an all-time high as of Tuesday, according to the CFTC's Commitment of Traders report. A chart of speculator positions vs. the price of oil over time shows spiking longs often presaging a quick reversal in price. (via) 1 Comment [Commodities]
Friday, September 7, 2012, 9:40 AM Owens-Illinois (OI +2.1%) extends yesterday's gains as activist investor Alexander Roepers’ Atlantic Investment Management raises its stake in the glass container company and says it will continue active discussions with management on actions to increase shareholder value, according to an SEC filing. Comment! [Consumer, On the Move]
Thursday, September 6, 2012, 3:47 PM Owens-Illinois (OI +8.9%) tops the S&P 500 after CFO Stephen Bramlage backs its Q3 outlook despite tough market conditions, which takes on added significance since OI draws ~40% of its annual sales from Europe. The glass container company also recently reported a favorable ruling in an asbestos case and plans to buy back up to $75M of its shares. Comment! [Consumer, On the Move]