Analysts expect that On Holding AG (NYSE:ONON – Get Rating) will announce sales of $181.07 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for ON’s earnings, with the lowest sales estimate coming in at $172.37 million and the highest estimate coming in at $186.99 million. The business is expected to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that ON will report full year sales of $1.05 billion for the current financial year, with estimates ranging from $990.10 million to $1.07 billion. For the next year, analysts expect that the business will report sales of $1.50 billion, with estimates ranging from $1.39 billion to $1.57 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for ON.
ON (NYSE:ONON – Get Rating) last issued its quarterly earnings data on Friday, March 18th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.61) by ($0.04). The business had revenue of $207.32 million for the quarter, compared to analyst estimates of $195.28 million.
ON stock opened at $24.97 on Monday. ON has a twelve month low of $19.75 and a twelve month high of $55.87. The firm has a 50 day moving average price of $24.53 and a 200-day moving average price of $30.89.
Institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC bought a new stake in shares of ON during the third quarter valued at about $36,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of ON in the third quarter worth approximately $52,000. Citigroup Inc. bought a new position in shares of ON in the third quarter worth approximately $54,000. IFP Advisors Inc increased its position in shares of ON by 61.9% in the fourth quarter. IFP Advisors Inc now owns 1,850 shares of the company’s stock worth $69,000 after purchasing an additional 707 shares during the last quarter. Finally, Monetary Management Group Inc. bought a new position in shares of ON in the fourth quarter worth approximately $76,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.
ON Company Profile (Get Rating)
On Holding AG develops and distributes sports products worldwide. It offers athletic footwear, apparel, and accessories. The company offers its products through independent retailers and distributors, online, and stores. On Holding AG was founded in 2010 and is headquartered in Zurich, Switzerland.
- Get a free copy of the StockNews.com research report on ON (ONON)
- Why is Chevron Stock Falling After Strong Earnings?
- MarketBeat: Week in Review 4/25 – 4/29
- Apple’s Numbers Complete Trifecta
- Rogers Communication Stock Should Be Launching Higher
- Iridium Communications Stock is Ready to Return to Orbit
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON and related companies with MarketBeat.com's FREE daily email newsletter.