ON (ONON) Scheduled to Post Quarterly Earnings on Tuesday

ON (NYSE:ONON) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. ON has set its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

ON (NYSE:ONON) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The firm had revenue of $627.66 million during the quarter, compared to the consensus estimate of $634.43 million. ON had a return on equity of 13.02% and a net margin of 7.42%. 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

NYSE ONON opened at $51.49 on Friday. The stock has a market capitalization of $32.42 billion, a price-to-earnings ratio of 97.15 and a beta of 2.25. The business’s fifty day moving average is $48.85 and its 200-day moving average is $42.54. ON has a one year low of $24.15 and a one year high of $52.80.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ONON shares. Raymond James started coverage on ON in a research note on Wednesday, July 31st. They issued an “outperform” rating and a $46.00 target price on the stock. UBS Group increased their price objective on ON from $55.00 to $61.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Piper Sandler increased their price target on shares of ON from $52.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. HSBC initiated coverage on ON in a research report on Thursday, September 5th. They set a “hold” rating and a $52.00 target price for the company. Finally, Barclays increased their price target on shares of ON from $40.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, August 14th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.37.

ON Company Profile

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.