O-I Glass, Inc. (NYSE:OI - Free Report) - Analysts at Zacks Research boosted their Q4 2027 EPS estimates for O-I Glass in a research note issued to investors on Thursday, August 27th. Zacks Research analyst Team now anticipates that the industrial products company will earn $0.31 per share for the quarter, up from their previous forecast of $0.21. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for O-I Glass' current full-year earnings is $0.39 per share.
OI has been the subject of a number of other research reports. Citigroup upgraded O-I Glass from a "neutral" rating to a "buy" rating and upped their price target for the stock from $8.00 to $9.00 in a report on Friday, August 21st. Wells Fargo & Company cut their target price on shares of O-I Glass from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 15th. BNP Paribas Exane downgraded shares of O-I Glass from an "outperform" rating to a "neutral" rating and set a $8.50 price objective for the company. in a report on Thursday, July 30th. Weiss Ratings upgraded O-I Glass from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 14th. Finally, UBS Group dropped their price objective on shares of O-I Glass from $15.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $10.31.
Check Out Our Latest Report on O-I Glass
O-I Glass Price Performance
OI stock opened at $7.39 on Monday. 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 1 year low of $6.29 and a 1 year high of $16.91. The firm has a market cap of $1.14 billion, a P/E ratio of -0.98, a price-to-earnings-growth ratio of 2.63 and a beta of 0.66. The stock has a 50-day simple moving average of $8.32 and a 200-day simple moving average of $9.80.
O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.15). The business 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%.The firm's revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the company posted $0.53 earnings per share.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of OI. Corient Private Wealth LP acquired a new position in O-I Glass in the second quarter worth approximately $254,000. Amundi lifted its position in shares of O-I Glass by 5.3% during the 2nd quarter. Amundi now owns 178,649 shares of the industrial products company's stock valued at $1,721,000 after acquiring an additional 8,921 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of O-I Glass by 837.5% during the 2nd quarter. California State Teachers Retirement System now owns 1,706,137 shares of the industrial products company's stock valued at $177,169,000 after acquiring an additional 1,524,144 shares during the last quarter. Readystate Asset Management LP bought a new stake in shares of O-I Glass during the 2nd quarter worth $810,000. Finally, Oarsman Capital Inc. boosted its stake in shares of O-I Glass by 57.4% during the 2nd quarter. Oarsman Capital Inc. now owns 111,650 shares of the industrial products company's stock worth $1,075,000 after acquiring an additional 40,725 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.
About O-I Glass
(
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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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