On Holding Ag Stock News

Credit Suisse analyst Michael Binetti raised On Holding AG's (NYSE:ONON) price target to $49 from $38 and kept an outperform rating on the stock. Binetti said the company delivered "big" Q3 revenue

On Holding AG (NYSE:ONON) hit a new 52-week high during mid-day trading on Tuesday following a better than expected earnings announcement. The company traded as high as $45.77 and last traded at $44.47, with a volume of 99286 shares traded. The stock had previously closed at $36.43. The company reported $0.06 EPS for the quarter, []

Stock Market Back Near Highs: MSCI Reclaims Buy Point; On Holding, Li Auto Run Past Entries Investor's Business Daily has been helping people invest smarter results by providing exclusive stock lists,

On Holding AG (ONON) shares are rising more than 26 percent on Tuesday morning trade after the company reported third-quarter profit on net sales growth of 67.6 percent from the previous year.

On Holding AG stock soared 21% in early Tuesday trading after the newly-public athletic company reported a surprise third-quarter profit. Net income totaled CHf 13.0 million (US$14.0 million), or CHf 0.04 per share, up from CHf 8.1 million, or CHf 0.03 per share, last year. Sales totaled CHf 218.0 million (US$234.8 million), up from CHf 130.1 million last year. The FactSet consensus was for a loss of CHf 0.11 per share and sales of CHf 182.8 million. On''s Co-Chief Executive Martin Hoffmann called the most recent quarter the "strongest" in the company''s history in terms of sales. "Recent supply chain challenges will lead to a transitory supply shortage in the fourth quarter and the first half of 2022," he said in a statement. "But since early November, all our production factories are open, and our outlook on net sales and adjusted EBITDA exceeds our original assumptions." The company is guiding for sales of CHF 710 million for the full year, up about 67% from 2020. The FactSet consensus is for CHf 678.6 million.

The stock price of On Holding AG (NYSE: ONON) increased by over 19% during intraday trading today. This is why it happened.

On Holding AG (ONON) CEO Martin Hoffmann on Q3 2021 Results - Earnings Call Transcript

The company's first quarterly report as a public company was strong.

On Holding AG ONON, +21.25% stock soared 21% in early Tuesday trading after the newly-public athletic company reported a surprise third-quarter profit. Net income totaled CHf 13.0 million (US$14.0 mil

ONON stock is IBD Stock Of The Day. It''s setting up as an options play with On Holding earnings due early Tuesday.

Italy's Industrie De Nora, which makes components to produce green hydrogen, has picked Goldman Sachs and Credit Suisse to work on plans to list in Milan, two sources said on Tuesday.