Research Analysts Set Expectations for O-I Glass Q2 Earnings

Key Points

• Zacks Research lowered its Q2 2027 EPS estimate for O-I Glass to $0.36, from $0.38, while maintaining a “Hold” rating. Estimates include $1.35 EPS for full-year 2027.
• Analyst sentiment is mixed but leans toward caution: O-I Glass has an average “Hold” rating and a consensus price target of $9.44, with several firms recently cutting ratings or price targets.
• O-I Glass shares opened at $5.93, near their 52-week low, after the company missed its latest quarterly earnings estimate by reporting $0.09 EPS versus the expected $0.24. Revenue fell 2.2% year over year to $1.67 billion.

O-I Glass, Inc. (NYSE:OI - Free Report) - Equities researchers at Zacks Research dropped their Q2 2027 earnings estimates for O-I Glass in a note issued to investors on Friday, October 9th. Zacks Research analyst Team now anticipates that the industrial products company will earn $0.36 per share for the quarter, down from their previous estimate of $0.38. Zacks Research currently 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.

A number of other research analysts have also recently commented on the company. BNP Paribas Exane cut O-I Glass from an "outperform" rating to a "neutral" rating and set a $8.50 target price on the stock. in a research note on Thursday, July 30th. Citigroup raised O-I Glass from a "neutral" rating to a "buy" rating and raised their price target for the stock from $8.00 to $9.00 in a research note on Friday, August 21st. Royal Bank Of Canada lowered O-I Glass from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $10.00 to $8.00 in a research note on Thursday, August 13th. UBS Group lowered shares of O-I Glass from a "buy" rating to a "neutral" rating and lowered their target price for the company from $11.00 to $6.00 in a research note on Monday, October 5th. Finally, Truist Financial dropped their price objective on O-I Glass from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, O-I Glass has an average rating of "Hold" and a consensus price target of $9.44.

O-I Glass Stock Performance

O-I Glass stock opened at $5.93 on Tuesday. The company has a debt-to-equity ratio of 8.89, a current ratio of 1.26 and a quick ratio of 0.77. The firm has a market capitalization of $911.82 million, a P/E ratio of -0.79, a price-to-earnings-growth ratio of 2.75 and a beta of 0.68. O-I Glass has a 1-year low of $5.30 and a 1-year high of $16.91. The company's 50-day moving average is $6.56 and its 200 day moving average is $8.38.

O-I Glass (NYSE:OI - Get Free Report) last released 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 analysts' expectations 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 for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share.

Hedge Funds Weigh In On O-I Glass

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position 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 during the last quarter. Farther Finance Advisors LLC grew its position in O-I Glass by 69.4% during the 3rd 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 during the last quarter. Wealth Enhancement Trust Services Inc. grew its position in O-I Glass by 57.3% during the 3rd 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 during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in O-I Glass during the 2nd quarter worth approximately $139,000. Finally, IPG Investment Advisors LLC increased its stake in O-I Glass by 4.7% during the 2nd 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 in the last quarter. Institutional investors and hedge funds 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.

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