ON (NYSE:ONON) Releases Earnings Results, Beats Estimates By $0.11 EPS

ON (NYSE:ONON) issued its quarterly earnings results on Tuesday. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.11, Zacks reports. ON had a return on equity of 10.69% and a net margin of 5.87%. ON updated its FY 2025 guidance to EPS.

ON Stock Down 1.4 %

Shares of ONON opened at $47.82 on Tuesday. ON has a 12-month low of $27.37 and a 12-month high of $64.05. The firm has a market capitalization of $30.11 billion, a price-to-earnings ratio of 111.21, a P/E/G ratio of 1.02 and a beta of 2.30. The stock’s 50-day moving average price is $55.58 and its 200 day moving average price is $52.41.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Bank of America assumed coverage on ON in a report on Tuesday, January 7th. They set a “buy” rating and a $73.00 price target on the stock. Robert W. Baird lifted their price target on ON from $55.00 to $63.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. KeyCorp lifted their price objective on ON from $60.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Raymond James raised ON from an “outperform” rating to a “strong-buy” rating and lifted their price objective for the company from $58.00 to $63.00 in a research report on Thursday, November 21st. Finally, Citigroup began coverage on ON in a research report on Wednesday, December 18th. They set a “neutral” rating and a $65.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.