William Blair Comments on ON’s Q2 Earnings (NYSE:ONON)

On Holding AG (NYSE:ONON) – Investment analysts at William Blair dropped their Q2 2025 earnings per share estimates for ON in a research report issued to clients and investors on Tuesday, April 1st. William Blair analyst D. Carden now forecasts that the company will earn $0.14 per share for the quarter, down from their prior 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 equities research analysts have also issued reports on ONON. Morgan Stanley raised their target price on shares of ON from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, March 5th. HSBC upgraded ON from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Tuesday, March 11th. Jefferies Financial Group started coverage on ON in a report on Tuesday. They issued a “hold” rating and a $44.00 price target on the stock. KeyCorp restated an “overweight” rating and set a $68.00 price objective on shares of ON in a report on Wednesday, March 5th. Finally, Williams Trading increased their target price on ON from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, ON has a consensus rating of “Moderate Buy” and a consensus target price of $60.45.

ON Stock Performance

NYSE:ONON opened at $39.56 on Friday. The stock’s fifty day moving average is $50.36 and its 200 day moving average is $52.40. The firm has a market capitalization of $24.91 billion, a PE ratio of 92.00, a PEG ratio of 1.02 and a beta of 2.35. ON has a fifty-two week low of $29.84 and a fifty-two week high of $64.05.

Institutional Trading of ON

A number of institutional investors have recently modified their holdings of the company. Norges Bank purchased a new stake in ON during the fourth quarter valued at approximately $164,574,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of ON during the fourth quarter worth $78,799,000. Axiom Investors LLC DE purchased a new stake in shares of ON during the 4th quarter valued at $39,320,000. BNP Paribas Financial Markets acquired a new stake in shares of ON in the 4th quarter worth $39,119,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of ON in the 4th quarter worth $28,575,000. 36.39% of the stock is currently owned by institutional investors.

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.