O-I Glass (NYSE:OI – Get Free Report) will be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. O-I Glass has set its FY24 guidance at $1.00-1.25 EPS and its FY 2024 guidance at 1.000-1.250 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
O-I Glass (NYSE:OI – Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. O-I Glass had a positive return on equity of 15.64% and a negative net margin of 4.32%. The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $0.88 earnings per share. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts expect O-I Glass to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
O-I Glass Stock Down 4.9 %
Shares of NYSE OI opened at $12.53 on Tuesday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -7.88, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 2.85. The firm has a 50-day moving average price of $12.70 and a 200 day moving average price of $12.63. O-I Glass has a 52 week low of $10.08 and a 52 week high of $17.58.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on O-I Glass
Insider Buying and Selling at O-I Glass
In other O-I Glass news, Director John Humphrey acquired 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $11.30 per share, with a total value of $169,500.00. Following the transaction, the director now owns 84,227 shares of the company’s stock, valued at approximately $951,765.10. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.49% of the company’s stock.
O-I Glass Company Profile
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.
Read More
- Five stocks we like better than O-I Glass
- The 3 Best Retail Stocks to Shop for in August
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- Most Volatile Stocks, What Investors Need to Know
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- Golden Cross Stocks: Pattern, Examples and Charts
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for O-I Glass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O-I Glass and related companies with MarketBeat.com's FREE daily email newsletter.