Zacks Research Has Negative Outlook of O-I Glass Q1 Earnings

O-I Glass, Inc. (NYSE:OI) – Equities research analysts at Zacks Research decreased their Q1 2026 earnings per share estimates for shares of O-I Glass in a note issued to investors on Friday, March 13th. Zacks Research analyst Team now expects that the industrial products company will earn $0.22 per share for the quarter, down from their prior estimate of $0.26. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $1.33 per share. Zacks Research also issued estimates for O-I Glass’ FY2026 earnings at $1.69 EPS, Q1 2027 earnings at $0.43 EPS, Q2 2027 earnings at $0.60 EPS and FY2027 earnings at $2.20 EPS.

O-I Glass (NYSE:OI) last posted its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share.

Other analysts also recently issued research reports about the stock. Robert W. Baird set a $20.00 price objective on shares of O-I Glass in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of O-I Glass in a report on Thursday, January 22nd. Wall Street Zen downgraded shares of O-I Glass from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Citigroup decreased their price target on O-I Glass from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Finally, Truist Financial raised their price objective on O-I Glass from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, O-I Glass currently has an average rating of “Moderate Buy” and an average price target of $18.11.

O-I Glass Price Performance

Shares of NYSE OI opened at $10.48 on Monday. The firm has a market capitalization of $1.60 billion, a P/E ratio of -12.47, a PEG ratio of 0.50 and a beta of 0.82. O-I Glass has a one year low of $9.23 and a one year high of $16.91. The company’s fifty day moving average is $14.49 and its two-hundred day moving average is $13.67. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.77 and a current ratio of 1.25.

Hedge Funds Weigh In On O-I Glass

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its position in shares of O-I Glass by 87.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 830 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of O-I Glass during the 2nd quarter worth approximately $29,000. Quarry LP acquired a new position in shares of O-I Glass during the 4th quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd raised its position in shares of O-I Glass by 36,533.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 2,192 shares during the last quarter. Finally, State of Wyoming purchased a new stake in O-I Glass in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

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.