ON (ONON) Projected to Post 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. Individual interested in registering for the company’s earnings conference call can do so using this link.

ON Trading Up 0.5 %

Shares of ONON opened at $48.70 on Tuesday. ON has a 12 month low of $27.37 and a 12 month high of $64.05. The firm has a fifty day simple moving average of $56.18 and a 200 day simple moving average of $52.18. The stock has a market capitalization of $30.67 billion, a price-to-earnings ratio of 113.26, a PEG ratio of 1.02 and a beta of 2.30.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Telsey Advisory Group restated an “outperform” rating and set a $67.00 target price on shares of ON in a report on Wednesday, January 15th. TD Cowen increased their price target on shares of ON from $65.00 to $66.00 and gave the company a “buy” rating in a research note on Wednesday, January 8th. Truist Financial increased their price target on shares of ON from $58.00 to $61.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. UBS Group reiterated a “buy” rating and issued a $63.00 price target on shares of ON in a research note on Friday, December 27th. Finally, 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. 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 MarketBeat.com, ON presently has a consensus rating of “Moderate Buy” and an average target price 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.