(OI - Free Report
) reported fourth-quarter 2017 adjusted earnings of 55 cents per share, up 10% year over year, ahead of the Zacks Consensus Estimate of 52 cents. The uptick primarily reflected the benefits of the company’s global focus on reducing Total Systems Cost.
Including one-time items, the company reported a loss per share of 81 cents compared with a loss per share of 43 cents in the prior-year quarter.
Owens-Illinois’ net sales were up around 4% year over year to $1.71 billion but fell short of the Zacks Consensus Estimate of $1.72 billion.
The improvement in net sales was due to a 1% increase in price on a global basis and favorable currency translation. Global sales volumes were flat from the prior-year quarter.
Owens-Illinois, Inc. Price, Consensus and EPS Surprise
In the past year, Owens-Illinois has outperformed its industry
with respect to price performance. The stock has gained around 11%, while the industry dipped 2.4% during the same time frame.
Zacks Rank & Key Picks
Owens-Illinois carries a Zacks Rank #3 (Hold).
H&E Equipment Services has an expected long-term earnings growth rate of 18.6%. The company’s shares have surged 50% over the past three months.
Caterpillar has an expected long-term earnings growth rate of 10.3%. Its shares have appreciated 43% over the last three months.
Komatsu has an expected long-term earnings growth rate of 16.2%. Its shares have gone up 51% over the past year.
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