O-I Glass, Inc. (NYSE:OI - Free Report) - Investment analysts at Zacks Research lowered their Q4 2026 EPS estimates for shares of O-I Glass in a research note issued on Tuesday, November 10th. Zacks Research analyst Team now expects that the industrial products company will earn ($0.01) per share for the quarter, down from their previous forecast of $0.03. The consensus estimate for O-I Glass' current full-year earnings is $0.06 per share. Zacks Research also issued estimates for O-I Glass' Q2 2027 earnings at $0.29 EPS, Q3 2027 earnings at $0.33 EPS, Q1 2028 earnings at $0.70 EPS and Q3 2028 earnings at $0.68 EPS.
O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings results on Tuesday, October 27th. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.25). The firm had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.64 billion. O-I Glass had a positive return on equity of 3.74% and a negative net margin of 18.89%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 EPS.
OI has been the subject of several other research reports. Truist Financial cut their target price on O-I Glass from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, October 29th. Wells Fargo & Company decreased their price target on O-I Glass from $12.00 to $10.00 and set an "overweight" rating on the stock in a research note on Monday, October 19th. Bank of America cut O-I Glass from a "buy" rating to an "underperform" rating and set a $11.00 price target for the company. in a report on Tuesday, July 14th. UBS Group downgraded O-I Glass from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $11.00 to $6.00 in a research report on Monday, October 5th. Finally, Weiss Ratings raised O-I Glass from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $8.81.
Check Out Our Latest Analysis on OI
O-I Glass Trading Down 2.6%
OI opened at $5.11 on Wednesday. The stock has a market capitalization of $785.88 million, a PE ratio of -0.66, a P/E/G ratio of 12.52 and a beta of 0.75. O-I Glass has a one year low of $4.84 and a one year high of $16.91. The company has a debt-to-equity ratio of 8.84, a quick ratio of 0.80 and a current ratio of 1.28. The business's 50 day moving average price is $5.99 and its 200 day moving average price is $9.18.
Institutional Trading of O-I Glass
Several institutional investors have recently added to or reduced their stakes in OI. BlackRock Inc. purchased a new stake in O-I Glass in the second quarter valued at approximately $225,727,000. Dimensional Fund Advisors LP boosted its position in shares of O-I Glass by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company's stock worth $97,094,000 after buying an additional 729,191 shares during the period. Cooper Creek Partners Management LLC boosted its position in shares of O-I Glass by 73.8% during the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company's stock worth $73,636,000 after buying an additional 2,975,181 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of O-I Glass by 32.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company's stock valued at $44,629,000 after buying an additional 1,030,705 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of O-I Glass by 15.6% in the first quarter. Bank of America Corp DE now owns 3,563,497 shares of the industrial products company's stock valued at $37,452,000 after buying an additional 479,608 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.
Key Headlines Impacting O-I Glass
Here are the key news stories impacting O-I Glass this week:
- Positive Sentiment: Zacks Research raised its Q1 2028 EPS forecast to $0.70 from $0.66, signaling a modestly better outlook for that quarter. O-I Glass analyst estimate report
- Negative Sentiment: Zacks Research cut estimates for Q4 2026 (to a loss of $0.01 from earnings of $0.03), Q2 2027 (to $0.29 from $0.36), Q3 2027 (to $0.33 from $0.38), and Q3 2028 (to $0.68 from $0.73). The cluster of downward revisions may weigh on expectations for O-I Glass’s earnings trajectory. O-I Glass analyst estimate report
- Negative Sentiment: Several law firms are reminding investors about a securities class action covering purchases from March 14, 2025, through July 28, 2026, with a December 28, 2026 lead-plaintiff deadline. The complaint alleges misleading disclosures, including about European cost pressures and projected savings; these are allegations, not proven findings. Litigation can add uncertainty and potential costs. Class-action announcement
About O-I Glass
(
Get Free Report)
O-I Glass, Inc. manufactures glass containers for food and beverage brands. Its products include bottles and jars used for beer, wine, spirits, nonalcoholic beverages, and food, serving customers across consumer and industrial markets. The company traces its roots to the Owens Bottle Company, established in 1903 by glassmaking innovator Michael J. Owens. It later became Owens-Illinois and adopted the O-I Glass name in 2020. O-I Glass serves customers in the Americas and Europe, with operations and sales activities across multiple countries.
Further Reading
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