Q2 Earnings Estimate for O-I Glass Issued By Zacks Research

O-I Glass, Inc. (NYSE:OI) – Equities researchers at Zacks Research dropped their Q2 2027 earnings per share (EPS) estimates for shares of O-I Glass in a report released on Friday, October 9th. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $0.36 for the quarter, down from their prior forecast of $0.38. 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 2027 earnings at $0.38 EPS, Q4 2027 earnings at $0.37 EPS, FY2027 earnings at $1.35 EPS and Q1 2028 earnings at $0.66 EPS.

O-I Glass (NYSE:OI) last issued 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 firm had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.68 billion. O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS.

A number of other research firms also recently commented on OI. Bank of America reaffirmed an “underperform” rating and set a $11.00 target price on shares of O-I Glass in a report on Tuesday, July 14th. BNP Paribas Exane lowered O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 target price on the stock. in a research report on Thursday, July 30th. Truist Financial cut their price target on shares of O-I Glass from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Monday. Robert W. Baird set a $13.00 price target on shares of O-I Glass in a report on Thursday, July 30th. Finally, Weiss Ratings raised shares of O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $9.44.

O-I Glass Stock Down 2.4%

Shares of OI stock opened at $5.93 on Tuesday. The stock’s 50-day simple moving average is $6.56 and its 200-day simple moving average is $8.38. 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 firm has a market capitalization of $911.82 million, a PE ratio of -0.79, a P/E/G ratio of 2.75 and a beta of 0.68. O-I Glass has a fifty-two week low of $5.30 and a fifty-two week high of $16.91.

Institutional Trading of O-I Glass

A number of hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in shares of O-I Glass by 67.2% in the 3rd quarter. GAMMA Investing LLC now owns 8,076 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 3,246 shares in the last quarter. Farther Finance Advisors LLC boosted its position in O-I Glass by 69.4% during the third quarter. Farther Finance Advisors LLC now owns 7,336 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 3,006 shares in the last quarter. Wealth Enhancement Trust Services Inc. boosted its position in O-I Glass by 57.3% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 5,825 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 2,121 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in O-I Glass in the second quarter valued at approximately $139,000. Finally, IPG Investment Advisors LLC grew its holdings in O-I Glass by 4.7% in the second quarter. IPG Investment Advisors LLC now owns 548,063 shares of the industrial products company’s stock valued at $5,278,000 after purchasing an additional 24,705 shares during the period. Hedge funds and other institutional investors own 97.24% of the company’s stock.

About O-I Glass

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.