ON (NYSE:ONON - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect ON to post earnings of $0.24 per share for the quarter. ON has set its FY 2024 guidance at EPS.Individual interested in registering for the company's earnings conference call can do so using this link.
ON (NYSE:ONON - Get Free Report) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). ON had a net margin of 7.42% and a return on equity of 13.02%. The company had revenue of $627.66 million during the quarter, compared to the consensus estimate of $634.43 million. On average, analysts expect ON to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
ON Price Performance
Shares of ONON stock traded up $1.58 during trading on Tuesday, reaching $47.88. The company had a trading volume of 2,277,303 shares, compared to its average volume of 4,945,168. The firm's 50 day simple moving average is $48.67 and its two-hundred day simple moving average is $42.13. ON has a one year low of $24.15 and a one year high of $52.80. The company has a market capitalization of $30.15 billion, a PE ratio of 87.36 and a beta of 2.25.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on ONON shares. UBS Group raised their price objective on ON from $55.00 to $61.00 and gave the company a "buy" rating in a research note on Monday. Bank of America raised ON from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $21.00 to $55.00 in a research note on Monday, September 23rd. Piper Sandler boosted their price objective on ON from $52.00 to $56.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. Barclays boosted their price objective on ON from $40.00 to $47.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 14th. Finally, KeyCorp boosted their target price on ON from $47.00 to $60.00 and gave the stock an "overweight" rating in a research report on Thursday, September 26th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $50.05.
Get Our Latest Report on ONON
ON Company Profile
(
Get Free Report)
On Holding AG engages in the development and distribution of sports products worldwide. The company offers athletic footwear, apparel, and accessories for high-performance running, outdoor, training, all-day activities, and tennis. It offers its products through independent retailers and distributors, online, and stores.
Featured Stories
Before you consider ON, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ON wasn't on the list.
While ON currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
