Zacks Research Comments on O-I Glass' Q3 Earnings (NYSE:OI)

Key Points

• Zacks Research lowered O-I Glass’ Q3 2026 EPS estimate to $0.03 from $0.07 and maintained a “Hold” rating. Its full-year 2026 EPS forecast is $0.21, below the current consensus estimate of $0.39.
• Analyst sentiment remains mixed, with four Buy, three Hold, and two Sell ratings; the consensus rating is “Hold” with a $10.31 price target.
• O-I Glass shares opened at $5.63, near their 52-week low of $5.61. The company’s latest quarterly EPS of $0.09 missed expectations of $0.24, while revenue fell 2.2% year over year to $1.67 billion.

O-I Glass, Inc. (NYSE:OI - Free Report) - Zacks Research cut their Q3 2026 earnings per share estimates for O-I Glass in a research note issued to investors on Tuesday, September 29th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $0.03 for the quarter, down from their prior forecast of $0.07. Zacks Research has a "Hold" rating on the stock. The consensus estimate for O-I Glass' current full-year earnings is $0.39 per share. Zacks Research also issued estimates for O-I Glass' Q4 2026 earnings at $0.03 EPS, FY2026 earnings at $0.21 EPS, Q1 2027 earnings at $0.20 EPS, Q2 2027 earnings at $0.36 EPS, Q4 2027 earnings at $0.37 EPS, Q1 2028 earnings at $0.68 EPS, Q2 2028 earnings at $0.79 EPS and FY2028 earnings at $2.78 EPS.

Several other brokerages have also commented on OI. Citigroup raised shares of O-I Glass from a "neutral" rating to a "buy" rating and increased their price objective for the company from $8.00 to $9.00 in a research report on Friday, August 21st. UBS Group dropped their target price on shares of O-I Glass from $15.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Robert W. Baird set a $13.00 price target on shares of O-I Glass in a research note on Thursday, July 30th. Weiss Ratings cut shares of O-I Glass from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, September 16th. Finally, Bank of America reiterated an "underperform" rating and set a $11.00 price objective on shares of O-I Glass in a research note on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, O-I Glass currently has a consensus rating of "Hold" and a consensus price target of $10.31.

O-I Glass Price Performance

Shares of OI stock opened at $5.63 on Wednesday. O-I Glass has a fifty-two week low of $5.61 and a fifty-two week high of $16.91. The firm has a market capitalization of $865.87 million, a price-to-earnings ratio of -0.75, a PEG ratio of 2.05 and a beta of 0.66. 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 stock's 50-day simple moving average is $7.01 and its 200-day simple moving average is $8.68.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.15). O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%.The firm had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. O-I Glass's revenue for the quarter was down 2.2% compared to the same quarter last year.

Institutional Trading of O-I Glass

Hedge funds and other institutional investors have recently made changes to their positions in the business. Optiver Holding B.V. lifted its position in O-I Glass by 491.5% during the first quarter. Optiver Holding B.V. now owns 2,496 shares of the industrial products company's stock valued at $26,000 after purchasing an additional 2,074 shares during the period. Fiduciary Financial Advisors acquired a new stake in O-I Glass during the 2nd quarter worth about $34,000. Global Retirement Partners LLC purchased a new position in shares of O-I Glass during the 2nd quarter valued at about $44,000. Ieq Capital LLC acquired a new position in shares of O-I Glass in the 2nd quarter valued at about $106,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of O-I Glass by 29.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 11,038 shares of the industrial products company's stock valued at $116,000 after buying an additional 2,495 shares during the period. Institutional investors and hedge funds own 97.24% of the company's stock.

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.

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