ON (ONON) Expected to Announce Earnings on Tuesday

ON (NYSE:ONON) is expected to post its Q1 2025 quarterly earnings results before the market opens on Tuesday, May 13th. Analysts expect ON to post earnings of $0.24 per share and revenue of $676.32 million for the quarter.

ON Stock Down 0.5%

NYSE ONON opened at $49.46 on Monday. ON has a fifty-two week low of $30.32 and a fifty-two week high of $64.05. The stock has a market cap of $31.14 billion, a price-to-earnings ratio of 115.03, a price-to-earnings-growth ratio of 1.02 and a beta of 2.30. The business has a fifty day moving average of $45.20 and a 200-day moving average of $51.47.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Needham & Company LLC boosted their price target on ON from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. The Goldman Sachs Group downgraded ON from a “buy” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research report on Wednesday, February 12th. Citigroup raised ON from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $65.00 to $60.00 in a research report on Monday, April 28th. Williams Trading lifted their price objective on ON from $60.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley lowered their price objective on ON from $66.00 to $62.00 and set an “overweight” rating for the company in a research report on Tuesday, May 6th. Two investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $58.73.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ON stock. Bison Wealth LLC grew its stake in shares of On Holding AG (NYSE:ONON) by 35.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,291 shares of the company’s stock after purchasing an additional 2,442 shares during the quarter. Bison Wealth LLC’s holdings in ON were worth $509,000 at the end of the most recent quarter. 36.39% of the stock is currently owned by institutional investors.

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, all-day activities, and tennis. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own stores.