ON (ONON) to Release Quarterly Earnings on Tuesday

ON (NYSE:ONON - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Tuesday, March 4th. Analysts expect ON to post earnings of $0.20 per share and revenue of $594.30 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

ON Stock Up 0.6 %

ONON stock traded up $0.31 during midday trading on Monday, hitting $48.79. 2,802,803 shares of the company traded hands, compared to its average volume of 4,020,448. The business has a 50 day simple moving average of $55.58 and a 200-day simple moving average of $52.41. ON has a twelve month low of $27.37 and a twelve month high of $64.05. The stock has a market capitalization of $30.72 billion, a price-to-earnings ratio of 114.06, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30.

Wall Street Analysts Forecast Growth

ONON has been the topic of several recent analyst reports. KeyCorp lifted their target price on shares of ON from $60.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Morgan Stanley boosted their price objective on ON from $62.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. TD Cowen raised their target price on ON from $65.00 to $66.00 and gave the company a "buy" rating in a report on Wednesday, January 8th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $67.00 price target on shares of ON in a research report on Tuesday, February 25th. Finally, BTIG Research raised ON from a "neutral" rating to a "buy" rating and set a $64.00 price objective for the company in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, ON presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.73.

ON Company Profile

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.