user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 463895 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Owens-Illinois has the Highest Forward Earnings Yield in the Metal & Glass Containers Industry (OI, CCK, MYE)

Published on Thu, 03/21/2013 - 10:20
By Robert Cotter

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%.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Vale: New 52-Week Low Set Today (VALE)...

Shares of Vale (NASDAQ:VALE) traded at a new 52-week low today of $11.98. This new low ...

Shares of United Therapeutics Rise to a ...

United Therapeutics (NASDAQ:UTHR) traded today at a new 52-week high of $131.97. Appro ...

Shares of UQM Technologies Fall to a New...

UQM Technologies (AMEX:UQM) traded at a new 52-week low today of $1.18. This new low w ...

United Bankshares: 52-Week High Recently...

United Bankshares (NASDAQ:UBSI) traded at a new 52-week high today of $33.60. So far t ...

Trimas: The Losing Streak Continues (TRS...

Trimas (NYSE:TRS) traded at a new 52-week low today of $29.71. This new low was reache ...

TransCanada Looks to Continue to Trade A...

TransCanada (NYSE:TRP) traded today at a new 52-week high of $58.40. So far today appr ...

Recent 52-Week High Exceeded in Shares o...

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $50.77. This new h ...

Talisman Energy: New 52-Week Low Set Tod...

Talisman Energy (NYSE:TLM) traded at a new 52-week low today of $9.21. Approximately 5 ...