Research Analysts Set Expectations for O-I Glass Q4 Earnings

O-I Glass, Inc. (NYSE:OI) – Analysts at Zacks Research cut their Q4 2024 earnings estimates for O-I Glass in a research report issued to clients and investors on Wednesday, December 18th. Zacks Research analyst M. Das now expects that the industrial products company will earn ($0.10) per share for the quarter, down from their previous estimate of ($0.08). The consensus estimate for O-I Glass’ current full-year earnings is $0.76 per share. Zacks Research also issued estimates for O-I Glass’ Q2 2025 earnings at $0.33 EPS and Q4 2025 earnings at $0.37 EPS.

A number of other equities research analysts have also recently commented on the company. Citigroup lifted their target price on O-I Glass from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Barclays lowered their price objective on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. StockNews.com raised shares of O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Bank of America raised shares of O-I Glass from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $14.00 to $16.00 in a report on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price objective on O-I Glass from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

O-I Glass Trading Up 0.9 %

NYSE:OI opened at $10.04 on Monday. O-I Glass has a 52 week low of $9.85 and a 52 week high of $17.58. The firm has a 50-day moving average price of $12.21 and a two-hundred day moving average price of $12.06. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.77 and a current ratio of 1.23. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -3.64 and a beta of 1.20.

O-I Glass (NYSE:OI) last announced its quarterly earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.08). O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the company posted $0.80 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year.

Hedge Funds Weigh In On O-I Glass

Large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System grew its position in O-I Glass by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 78,300 shares of the industrial products company’s stock worth $871,000 after buying an additional 1,700 shares in the last quarter. Bfsg LLC increased its position in shares of O-I Glass by 30.1% in the second quarter. Bfsg LLC now owns 18,770 shares of the industrial products company’s stock worth $209,000 after purchasing an additional 4,340 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in O-I Glass by 95.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 56,573 shares of the industrial products company’s stock valued at $630,000 after purchasing an additional 27,669 shares in the last quarter. Panagora Asset Management Inc. lifted its position in O-I Glass by 33.9% during the second quarter. Panagora Asset Management Inc. now owns 725,149 shares of the industrial products company’s stock valued at $8,071,000 after purchasing an additional 183,456 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in O-I Glass in the 2nd quarter worth approximately $104,000. 97.24% of the stock is owned by institutional investors.

About O-I Glass

O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.