ON (ONON) Projected to Post Earnings on Tuesday

ON (NYSE:ONON) is projected to issue its quarterly earnings data before the market opens on Tuesday, March 4th. Analysts expect the company to announce 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 Stock Performance

Shares of ONON stock opened at $48.70 on Tuesday. The company has a market cap of $30.67 billion, a P/E ratio of 113.26, a PEG ratio of 1.02 and a beta of 2.30. The stock has a 50 day simple moving average of $56.18 and a two-hundred day simple moving average of $52.18. ON has a fifty-two week low of $27.37 and a fifty-two week high of $64.05.

Analysts Set New Price Targets

ONON has been the subject of a number of research analyst reports. BTIG Research upgraded ON from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a report on Wednesday, November 13th. Citigroup started coverage on ON in a report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price objective for the company. Williams Trading upgraded ON from a “hold” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a report on Wednesday, November 13th. Truist Financial boosted their price objective on ON from $58.00 to $61.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. Finally, KeyCorp boosted their price objective on ON from $60.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.