ON (ONON) Expected to Announce Earnings on Tuesday

ON (NYSE:ONON) is expected to 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. Parties that are interested in participating in the company’s conference call can do so using this link.

ON Trading Up 3.8 %

NYSE ONON opened at $48.45 on Friday. ON has a 52 week low of $27.37 and a 52 week high of $64.05. The stock has a market cap of $30.51 billion, a P/E ratio of 112.69, a PEG ratio of 1.02 and a beta of 2.30. The company’s fifty day simple moving average is $55.58 and its 200-day simple moving average is $52.25.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ONON shares. Morgan Stanley lifted their price objective on ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Citigroup initiated coverage on ON in a research note on Wednesday, December 18th. They issued a “neutral” rating and a $65.00 target price for the company. Williams Trading raised shares of ON from a “hold” rating to a “buy” rating and increased their price objective for the stock from $40.00 to $60.00 in a report on Wednesday, November 13th. Bank of America assumed coverage on ON in a research report on Tuesday, January 7th. They issued a “buy” rating and a $73.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $64.00 price target on shares of ON in a research report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, ON presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

About ON

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.