Below are the three companies in the Metal & Glass Containers industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the higher the earnings yield, the more undervalued the stock.
Owens-Illinois (NYSE:OI) is highest with forward earnings yield of 10.2%. Owens-Illinois, Inc. manufactures glass packaging products. The Company produces glass containers for malt beverages, including beer and ready-to-drink low-alcohol refreshers, liquor, wine, food, tea, juice and pharmaceuticals. Owens-Illinois sells its products to customers around the world.
Owens-Illinois share prices have moved between a 52-week high of $27.79 and a 52-week low of $16.82 and are now trading 63% above that low price at $27.42 per share. The 200-day and 50-day moving averages have moved 0.55% higher and 1.19% higher over the past week, respectively.
Crown Holdings (NYSE:CCK) is next with forward earnings yield of 8.1%.
Finishing up the top three is Myers Industries (NYSE:MYE), with forward earnings yield of 7.5%.