FY2025 EPS Estimates for O-I Glass Lifted by Zacks Research

O-I Glass, Inc. (NYSE:OI) – Analysts at Zacks Research increased their FY2025 earnings per share (EPS) estimates for shares of O-I Glass in a research note issued to investors on Tuesday, January 28th. Zacks Research analyst M. Das now expects that the industrial products company will earn $1.43 per share for the year, up from their previous forecast of $1.41. The consensus estimate for O-I Glass’ current full-year earnings is $0.75 per share.

Other research analysts have also issued reports about the stock. StockNews.com raised shares of O-I Glass from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Citigroup reduced their price objective on O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada lowered their price objective on O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Bank of America boosted their target price on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company cut their price objective on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.38.

O-I Glass Price Performance

Shares of O-I Glass stock opened at $11.94 on Friday. The firm has a market cap of $1.85 billion, a PE ratio of -4.33 and a beta of 1.21. The stock has a 50 day moving average of $11.14 and a 200 day moving average of $11.96. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18. O-I Glass has a 12 month low of $9.85 and a 12 month high of $17.58.

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

Institutional Investors Weigh In On O-I Glass

A number of institutional investors have recently added to or reduced their stakes in OI. JPMorgan Chase & Co. boosted its stake in O-I Glass by 18.0% in the third quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company’s stock valued at $8,130,000 after acquiring an additional 94,671 shares in the last quarter. Highland Peak Capital LLC acquired a new stake in O-I Glass in the 3rd quarter worth approximately $27,132,000. Barclays PLC grew its position in O-I Glass by 349.3% during the 3rd quarter. Barclays PLC now owns 261,161 shares of the industrial products company’s stock worth $3,427,000 after purchasing an additional 203,037 shares during the last quarter. Maverick Capital Ltd. acquired a new position in O-I Glass during the 3rd quarter valued at approximately $1,264,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of O-I Glass in the third quarter worth $32,350,000. Institutional investors own 97.24% of the company’s stock.

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.