O-I Glass, Inc. (NYSE:OI – Free Report) – Equities researchers at Zacks Research lowered their Q3 2026 EPS estimates for O-I Glass in a report issued on Tuesday, August 11th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $0.14 for the quarter, down from their prior estimate of $0.51. Zacks Research has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $0.70 per share. Zacks Research also issued estimates for O-I Glass’ Q4 2026 earnings at $0.09 EPS, FY2026 earnings at $0.37 EPS, Q2 2027 earnings at $0.42 EPS, Q3 2027 earnings at $0.36 EPS, Q4 2027 earnings at $0.21 EPS, FY2027 earnings at $1.29 EPS, Q1 2028 earnings at $0.66 EPS and Q2 2028 earnings at $0.72 EPS.
Several other analysts have also weighed in on OI. Bank of America reiterated an “underperform” rating and set a $11.00 target price on shares of O-I Glass in a research note on Tuesday, July 14th. Weiss Ratings cut shares of O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 30th. Royal Bank Of Canada lowered O-I Glass from an “outperform” rating to a “sector perform” rating and set a $8.00 price objective for the company. in a research report on Thursday. Robert W. Baird set a $13.00 target price on O-I Glass in a research note on Thursday, July 30th. Finally, Wells Fargo & Company reduced their target price on shares of O-I Glass from $13.00 to $12.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.19.
O-I Glass Stock Down 5.9%
OI stock opened at $6.73 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 8.89. The firm has a 50 day simple moving average of $8.74 and a 200-day simple moving average of $10.55. O-I Glass has a twelve month low of $6.71 and a twelve month high of $16.91. The company has a market capitalization of $1.03 billion, a P/E ratio of -0.89, a PEG ratio of 1.40 and a beta of 0.66.
O-I Glass (NYSE:OI – Get Free Report) last issued its quarterly 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 negative net margin of 18.13% and a positive return on equity of 10.40%. The business had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis.
Institutional Trading of O-I Glass
A number of large investors have recently added to or reduced their stakes in OI. BlackRock Inc. acquired a new position in O-I Glass in the second quarter worth approximately $225,727,000. Alliancebernstein L.P. increased its position in shares of O-I Glass by 194.6% in the second quarter. Alliancebernstein L.P. now owns 7,939,841 shares of the industrial products company’s stock worth $117,033,000 after acquiring an additional 5,244,440 shares in the last quarter. Cooper Creek Partners Management LLC raised its holdings in shares of O-I Glass by 73.8% during the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock valued at $73,636,000 after acquiring an additional 2,975,181 shares during the period. Wellington Management Group LLP purchased a new stake in shares of O-I Glass in the 4th quarter valued at approximately $40,090,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of O-I Glass by 288.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,215,632 shares of the industrial products company’s stock valued at $47,463,000 after acquiring an additional 2,388,299 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.
About O-I Glass
O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.
Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.
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