O-I Glass Stock Gets Higher EPS Forecast from Zacks Research

O-I Glass, Inc. (NYSE:OI) – Equities research analysts at Zacks Research increased their Q1 2027 earnings per share estimates for shares of O-I Glass in a report issued on Wednesday, September 30th. Zacks Research analyst Team now expects that the industrial products company will earn $0.24 per share for the quarter, up from their previous estimate of $0.20. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $0.37 per share. Zacks Research also issued estimates for O-I Glass’ Q2 2027 earnings at $0.38 EPS, Q1 2028 earnings at $0.64 EPS, Q2 2028 earnings at $0.72 EPS, Q3 2028 earnings at $0.74 EPS and FY2028 earnings at $2.67 EPS.

A number of other brokerages also recently weighed in on OI. Weiss Ratings downgraded shares of O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 16th. Truist Financial decreased their price target on shares of O-I Glass from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Bank of America reaffirmed an “underperform” rating and set a $11.00 price target on shares of O-I Glass in a research note on Tuesday, July 14th. Wells Fargo & Company dropped their target price on O-I Glass from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, Robert W. Baird set a $13.00 target price on O-I Glass in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, O-I Glass currently has a consensus rating of “Hold” and an average price target of $10.31.

O-I Glass Trading Up 0.1%

O-I Glass stock opened at $5.65 on Friday. The company has a debt-to-equity ratio of 8.89, a quick ratio of 0.77 and a current ratio of 1.26. O-I Glass has a fifty-two week low of $5.51 and a fifty-two week high of $16.91. The stock has a market cap of $868.64 million, a P/E ratio of -0.75, a PEG ratio of 2.10 and a beta of 0.68. The firm’s fifty day moving average price is $6.88 and its 200-day moving average price is $8.60.

O-I Glass (NYSE:OI) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.68 billion. O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%.O-I Glass’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 earnings per share.

Hedge Funds Weigh In On O-I Glass

A number of hedge funds have recently added to or reduced their stakes in OI. Bank of America Corp DE purchased a new stake in shares of O-I Glass in the second quarter worth $33,436,000. Brandywine Global Investment Management LLC purchased a new position in shares of O-I Glass in the fourth quarter valued at $25,064,000. BlackRock Inc. purchased a new stake in O-I Glass during the second quarter valued at $225,727,000. JB Capital Partners LP bought a new stake in shares of O-I Glass in the 2nd quarter worth about $2,937,150. Finally, Bank of New York Mellon Corp purchased a new position in shares of O-I Glass in the 2nd quarter worth approximately $10,046,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Zacks raised its FY2027 EPS forecast to $1.40 from $1.33, increased its Q3 2027 estimate to $0.40 from $0.36, and lifted its Q4 2027 estimate to $0.38 from $0.37. These revisions suggest improved profitability expectations beyond the current year. O-I Glass Stock Gets Higher EPS Forecast from Zacks Research
• Positive Sentiment: Zacks also raised its FY2028 EPS forecast to $2.78 from $2.67, while increasing Q1 2028 EPS to $0.68 from $0.67 and Q2 2028 EPS to $0.79 from $0.75. The longer-term upgrades could support the stock if investors believe the company’s earnings recovery is achievable.
• Neutral Sentiment: Zacks maintained a “Hold” rating on O-I Glass. The unchanged rating indicates that, despite better long-term estimates, analysts do not yet see enough evidence to recommend buying the shares.
• Negative Sentiment: Near-term forecasts were reduced: FY2026 EPS fell to $0.21 from $0.26, Q3 2026 EPS to $0.03 from $0.07, Q4 2026 EPS to $0.03 from $0.05, Q1 2027 EPS to $0.20 from $0.24, and Q2 2027 EPS to $0.36 from $0.38. These cuts point to continued earnings pressure before the projected recovery.

O-I Glass Company Profile

O-I Glass, Inc (NYSE: OI) is a global manufacturer of glass packaging. The company produces bottles and jars primarily for the food, beverage, beer, wine, spirits, and nonalcoholic beverage industries, as well as containers for certain pharmaceutical and other consumer products.

O-I Glass provides packaging solutions that include container design, lightweighting, glass decoration, and related technical services. Its products are made from glass, a material that can be recycled repeatedly without loss of quality, supporting the company’s focus on recyclable and more sustainable packaging.

The company traces its history to the Owens Bottle Company, founded in 1903, and later became known as Owens-Illinois before adopting the O-I Glass name.