Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- 3 Dreamy Small-Cap Stocks
- Correction or Summer Range Trade?
- Hitting Home Runs & Grand Slams, Not Loud Outs
- Hedge Your Portfolio with the Equity Bear ETF
- Machinery Industry Stock Outlook - May 2013
- Determining Correct Position Size with Options
- This Week's Growth & Income Stocks
- RTI: Do Stocks Tank When QE Ends?
- 3 Top-Ranked Consumer ETFs to Buy Now
- AWS 5/23: Is the Market Over-Reacting?
- PFP 5/23: Do No Harm
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/23/2013
| Company Name | Symbol | %Change |
|---|---|---|
| ALLIANCE FIB | AFOP | 5.21% |
| CYNOSURE INC | CYNO | 4.42% |
| DAWSON GEOPH | DWSN | 4.33% |
| MARRIOTT VAC | VAC | 3.27% |
| BLOOMIN' | BLMN | 2.93% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Owens-Illinois’s(OI - Analyst Report) first-quarter 2012 adjusted earnings were 73 cents per share, which exceeded the Zacks Consensus Estimate of 66 cents as well as the year-ago adjusted earnings of 53 cents per share.
On a reported basis, the company posted earnings of 73 cents per share compared with the year-ago earnings of 50 cents.
Net sales increased 1.2% to $1.739 billion in the quarter, missing the Zacks Consensus Estimate of $1.751 billion. The year-over-year growth was attributable to an increase in pricing, offsetting the negative impact of currency translation.
Operational Update
Manufacturing, shipping and delivery expense declined 1.1% year over year to $1.361 billion in the quarter. Selling and administrative expenses also fell 1.4% to $140 million. Consequently, operating profit improved 25% year over year to $260 million.
Financial Update
Cash and cash equivalents were $299 million as of March 31, 2012, versus $430 million as of March 31, 2011. Long-term debt amounted to $3.724 billion as of March 31, 2012, compared with $3.991 billion as of March 31, 2011. Cash used in operating activities was $95 million during the quarter compared with $85 million in the year ago quarter.
Guidance
The company is hopeful that the pricing strategy and operational efficiencies will benefit the second-quarter 2012 results year over year. These strategies would also benefit the results of North American operation.
However, the company is cautious about the demand trends, particularly in Europe. So, it thinks results in the second quarter will be at par with the second-quarter 2011 results.
Owens-Illinois competes with companies like Silgan Holdings Inc. (SLGN - Analyst Report). Silgan is scheduled to report its first quarter earnings on April 26. The company expects adjusted earnings in the band of 42 cents to 47 cents per share, while the Zacks Consensus Estimate is pegged at 46 cents.
Currently, we maintain a long-term Neutral recommendation on Owens-Illinois. The stock retains a short-term Zacks #2 Rank (“Buy”).
Read the full Analyst Report on SLGN
Read the full Analyst Report on OI