O-I Glass (NYSE:OI - Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.500-2.000 for the period, compared to the consensus earnings per share estimate of 2.380. The company issued revenue guidance of -. O-I Glass also updated its FY24 guidance to $1.50-2.00 EPS.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Truist Financial reaffirmed a buy rating and issued a $20.00 target price on shares of O-I Glass in a research report on Monday, March 25th. Citigroup cut shares of O-I Glass from a buy rating to a neutral rating and increased their price target for the company from $17.00 to $18.00 in a research note on Wednesday, January 3rd. TheStreet cut shares of O-I Glass from a b- rating to a c- rating in a research note on Tuesday, February 6th. Barclays increased their price target on shares of O-I Glass from $16.00 to $18.00 and gave the company an equal weight rating in a research note on Tuesday, February 13th. Finally, UBS Group initiated 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. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $21.75.
Check Out Our Latest Stock Analysis on O-I Glass
O-I Glass Stock Performance
OI stock traded down $0.71 during mid-day trading on Tuesday, hitting $14.95. The stock had a trading volume of 1,987,286 shares, compared to its average volume of 1,660,290. The company has a debt-to-equity ratio of 2.69, a current ratio of 1.23 and a quick ratio of 0.77. O-I Glass has a 52 week low of $13.56 and a 52 week high of $23.57. The firm has a fifty day simple moving average of $15.99 and a 200 day simple moving average of $15.60.
O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.09. O-I Glass had a negative net margin of 1.45% and a positive return on equity of 24.90%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the firm posted $1.29 EPS. The firm's revenue was down 13.0% on a year-over-year basis. On average, equities research analysts expect that O-I Glass will post 2.33 EPS for the current fiscal year.
O-I Glass Company Profile
(
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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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