ON (NYSE:ONON – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.11, Zacks reports. ON had a net margin of 5.87% and a return on equity of 10.69%. ON updated its FY 2025 guidance to EPS.
ON Trading Down 1.4 %
ON stock opened at $47.82 on Tuesday. ON has a 52 week low of $27.37 and a 52 week high of $64.05. The stock has a market cap of $30.11 billion, a price-to-earnings ratio of 111.21, a PEG ratio of 1.02 and a beta of 2.30. The company’s 50-day moving average price is $55.40 and its two-hundred day moving average price is $52.44.
Wall Street Analyst Weigh In
A number of research firms recently commented on ONON. Needham & Company LLC reiterated a “buy” rating and issued a $64.00 price target on shares of ON in a research note on Wednesday, January 15th. Morgan Stanley lifted their target price on ON from $62.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Robert W. Baird upped their price target on ON from $55.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $67.00 price objective on shares of ON in a report on Tuesday. Finally, TD Cowen increased their target price on shares of ON from $65.00 to $66.00 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ON currently has an average rating of “Moderate Buy” and an average price target of $59.73.
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.
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