William Blair Weighs in on ON's Q2 Earnings (NYSE:ONON)

On Holding AG (NYSE:ONON - Free Report) - Research analysts at William Blair cut their Q2 2025 earnings per share estimates for shares of ON in a research report issued to clients and investors on Tuesday, April 1st. William Blair analyst D. Carden now expects that the company will post earnings of $0.14 per share for the quarter, down from their previous forecast of $0.16. The consensus estimate for ON's current full-year earnings is $0.66 per share. William Blair also issued estimates for ON's Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.21 EPS and Q3 2025 earnings at $0.21 EPS.

Several other analysts have also recently weighed in on ONON. Citigroup started coverage on ON in a report on Wednesday, December 18th. They set a "neutral" rating and a $65.00 price objective for the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $67.00 price objective on shares of ON in a research note on Tuesday, April 1st. KeyCorp reissued an "overweight" rating and issued a $68.00 target price on shares of ON in a research note on Wednesday, March 5th. The Goldman Sachs Group lowered ON from a "buy" rating to a "neutral" rating and set a $57.00 price target on the stock. in a research report on Wednesday, February 12th. Finally, Williams Trading raised their target price on shares of ON from $60.00 to $62.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.45.

Remove Ads

ON Trading Up 14.2 %

Shares of ON stock traded up $5.54 during mid-day trading on Friday, reaching $44.45. 3,900,270 shares of the stock were exchanged, compared to its average volume of 4,597,656. The company has a market cap of $27.99 billion, a price-to-earnings ratio of 102.86, a price-to-earnings-growth ratio of 1.02 and a beta of 2.32. ON has a fifty-two week low of $29.84 and a fifty-two week high of $64.05. The firm has a 50-day simple moving average of $49.00 and a 200 day simple moving average of $52.20.

Hedge Funds Weigh In On ON

A number of hedge funds have recently added to or reduced their stakes in the stock. Park Square Financial Group LLC acquired a new stake in shares of ON during the 4th quarter worth $32,000. MassMutual Private Wealth & Trust FSB acquired a new stake in ON during the first quarter worth about $32,000. Legacy Bridge LLC bought a new position in ON in the 4th quarter valued at about $43,000. Bernard Wealth Management Corp. acquired a new position in shares of ON in the 4th quarter valued at approximately $44,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of ON during the 4th quarter worth approximately $53,000. Institutional investors own 36.39% of the company's stock.

About ON

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.