On Holding reported strong Q3 2024 results, achieving record sales, gross margin, and adjusted EBITDA margin, and raised its FY2024 net sales guidance. LightSpray technology has significant potential to disrupt the shoe market, driving efficiency, innovation, and long-term growth for On. Despite competitive risks, On's market share gains, brand awareness, and innovative technologies position it for sustained revenue growth and market-beating returns.
On Holding stock price is hovering near its highest level on record as the company's growth trajectory gains momentum. ONON shares surged to an all-time high of $53.97 on Monday and then pulled back to $52.6.
On Holding AG (NYSE:ONON ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Jerrit Peter - Head of Investor Relations Caspar Coppetti - Co-Founder & Executive Co-Chairman Martin Hoffmann - Chief Financial Officer & Co-Chief Executive Officer Marc Maurer - Co-Chief Executive Officer Conference Call Participants Cristina Fernandez - Telsey Advisory Group Aubrey Tianello - BNP Paribas Alex Straton - Morgan Stanley Jay Sole - UBS Peter McGoldrick - Stifel Jonathan Komp - Baird Anna Andreeva - Piper Sandler Michael Binetti - Evercore Janine Stichter - BTIG Rick Patel - Raymond James Dylan Carden - William Blair Operator Ladies and gentlemen, thank you for standing by. My name is Krista [ph] and I will be your conference operator today.
On Holding AG (ONON) shares bounced between gains and losses Tuesday after the maker of high-end sneakers reported mixed results as higher costs and foreign currency impacts offset record sales.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
On Holding (ONON) came out with quarterly earnings of $0.17 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.22 per share a year ago.
ONON's third-quarter top line is likely to have benefited from technological innovation, expanded retail presence and solid brand partnerships.
Recently, Zacks.com users have been paying close attention to On Holding (ONON). This makes it worthwhile to examine what the stock has in store.
In the closing of the recent trading day, On Holding (ONON) stood at $46.50, denoting a -1.94% change from the preceding trading day.
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In the most recent trading session, On Holding (ONON) closed at $50.61, indicating a -0.08% shift from the previous trading day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?