O-I Glass, Inc. (NYSE:OI - Free Report) - Equities research analysts at Zacks Research dropped their Q4 2024 EPS estimates for shares of O-I Glass in a report issued on Tuesday, May 14th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $0.38 per share for the quarter, down from their prior forecast of $0.47. The consensus estimate for O-I Glass' current full-year earnings is $1.60 per share. Zacks Research also issued estimates for O-I Glass' Q1 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.57 EPS, Q4 2025 earnings at $0.64 EPS and Q1 2026 earnings at $0.41 EPS.
O-I Glass (NYSE:OI - Get Free Report) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. O-I Glass had a positive return on equity of 18.25% and a negative net margin of 3.45%. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.69 billion. During the same period in the prior year, the business posted $1.29 EPS. O-I Glass's quarterly revenue was down 13.0% compared to the same quarter last year.
Several other equities research analysts have also weighed in on the company. Truist Financial restated a "buy" rating and set a $17.00 price target (down from $20.00) on shares of O-I Glass in a research report on Thursday, May 2nd. TheStreet downgraded shares of O-I Glass from a "b-" rating to a "c-" rating in a research report on Tuesday, February 6th. Barclays lowered their price target on shares of O-I Glass from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Monday, May 6th. UBS Group assumed coverage on shares of O-I Glass in a research note on Tuesday, January 16th. They set a "buy" rating and a $26.00 target price for the company. Finally, StockNews.com cut O-I Glass from a "hold" rating to a "sell" rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, O-I Glass currently has an average rating of "Hold" and a consensus target price of $19.56.
Check Out Our Latest Stock Analysis on OI
O-I Glass Trading Down 2.0 %
Shares of O-I Glass stock traded down $0.28 during trading on Wednesday, reaching $13.66. 1,595,727 shares of the stock were exchanged, compared to its average volume of 1,724,084. O-I Glass has a 1 year low of $12.40 and a 1 year high of $23.57. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of -8.56, a price-to-earnings-growth ratio of 1.39 and a beta of 1.36. The company has a quick ratio of 0.56, a current ratio of 1.02 and a debt-to-equity ratio of 2.26. The stock's fifty day moving average is $15.23 and its 200 day moving average is $15.47.
Institutional Trading of O-I Glass
Several institutional investors have recently made changes to their positions in the business. Covestor Ltd boosted its stake in O-I Glass by 259.7% in the 3rd quarter. Covestor Ltd now owns 1,669 shares of the industrial products company's stock worth $28,000 after purchasing an additional 1,205 shares during the period. Bessemer Group Inc. boosted its stake in O-I Glass by 40.2% in the 1st quarter. Bessemer Group Inc. now owns 4,597 shares of the industrial products company's stock worth $76,000 after purchasing an additional 1,318 shares during the period. Quadrant Capital Group LLC lifted its position in shares of O-I Glass by 37.3% in the fourth quarter. Quadrant Capital Group LLC now owns 5,168 shares of the industrial products company's stock worth $85,000 after buying an additional 1,404 shares in the last quarter. Comerica Bank lifted its position in shares of O-I Glass by 1.8% in the fourth quarter. Comerica Bank now owns 81,833 shares of the industrial products company's stock worth $1,340,000 after buying an additional 1,411 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in O-I Glass by 1.1% during the first quarter. Texas Permanent School Fund Corp now owns 135,154 shares of the industrial products company's stock valued at $2,242,000 after buying an additional 1,465 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company's stock.
About O-I Glass
(
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O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.
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