O-I Glass, Inc. (NYSE:OI – Free Report) – Equities research analysts at Zacks Research decreased their Q2 2028 EPS estimates for O-I Glass in a research note issued on Friday, October 9th. Zacks Research analyst Team now anticipates that the industrial products company will earn $0.71 per share for the quarter, down from their prior forecast of $0.72. Zacks Research has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $0.30 per share. Zacks Research also issued estimates for O-I Glass’ Q3 2028 earnings at $0.73 EPS.
OI has been the subject of several other research reports. BNP Paribas Exane downgraded shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 target price for the company. in a report on Thursday, July 30th. Bank of America restated an “underperform” rating and set a $11.00 price target on shares of O-I Glass in a research note on Tuesday, July 14th. Truist Financial decreased their price target on O-I Glass from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday. UBS Group lowered O-I Glass from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $11.00 to $6.00 in a research report on Monday, October 5th. Finally, Royal Bank Of Canada lowered O-I Glass from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $10.00 to $8.00 in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $9.44.
O-I Glass Stock Performance
NYSE:OI opened at $5.93 on Monday. The company has a debt-to-equity ratio of 8.89, a quick ratio of 0.77 and a current ratio of 1.26. The stock has a market capitalization of $911.82 million, a P/E ratio of -0.79, a PEG ratio of 2.75 and a beta of 0.68. The company has a 50 day moving average price of $6.56 and a 200 day moving average price of $8.38. O-I Glass has a fifty-two week low of $5.30 and a fifty-two week high of $16.91.
O-I Glass (NYSE:OI – Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.15). O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the business earned $0.53 EPS. The company’s quarterly revenue was down 2.2% compared to the same quarter last year.
Hedge Funds Weigh In On O-I Glass
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new position in O-I Glass in the second quarter valued at approximately $33,436,000. BlackRock Inc. acquired a new stake in O-I Glass during the second quarter worth approximately $225,727,000. JB Capital Partners LP purchased a new stake in shares of O-I Glass during the 2nd quarter worth approximately $2,937,150. Bank of New York Mellon Corp purchased a new stake in shares of O-I Glass during the 2nd quarter worth approximately $10,046,000. Finally, Wellington Management Group LLP lifted its position in shares of O-I Glass by 8.0% during the 2nd quarter. Wellington Management Group LLP now owns 2,131,797 shares of the industrial products company’s stock worth $20,529,000 after buying an additional 157,472 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.
O-I Glass Company Profile
O-I Glass, Inc (NYSE: OI) is a global manufacturer of glass packaging. The company produces glass bottles and jars for food, beverages, beer, wine, spirits, pharmaceuticals and other consumer products, serving brand owners and manufacturers that use glass containers for packaging.
The company operates glass-container manufacturing facilities and provides related design, engineering and packaging services. Its products are used across a range of markets and geographies, including North and South America, Europe and other international markets.
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