O-I Glass (NYSE:OI) Issues FY 2025 Earnings Guidance

Key Points

• O-I Glass has set its FY 2025 earnings guidance between 1.300-1.55 in earnings per share, slightly below analysts' consensus estimate of 1.384.
• Multiple research firms have raised their price targets for O-I Glass, with UBS Group increasing it to $19.00 and Truist Financial setting a target of $21.00, reflecting a generally positive outlook.
• The stock traded up 0.6% to reach $14.49, with significant trading volume of over 2 million shares compared to its average.

O-I Glass (NYSE:OI - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.300-1.55 for the period, compared to the consensus earnings per share estimate of 1.384. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of research firms recently commented on OI. UBS Group reaffirmed a "buy" rating and issued a $19.00 price target (up previously from $17.00) on shares of O-I Glass in a research note on Wednesday, July 9th. Citigroup upped their price target on shares of O-I Glass from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. Bank of America reaffirmed a "neutral" rating and set a $17.00 price target (up previously from $15.00) on shares of O-I Glass in a report on Wednesday, July 9th. Truist Financial set a $21.00 target price on O-I Glass and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, BNP Paribas set a $18.00 target price on O-I Glass in a research note on Wednesday, June 25th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.20.

O-I Glass Stock Up 0.6%

NYSE:OI traded up $0.09 during trading hours on Tuesday, reaching $14.49. The company had a trading volume of 2,004,904 shares, compared to its average volume of 1,507,445. The company has a quick ratio of 0.73, a current ratio of 1.24 and a debt-to-equity ratio of 3.83. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -11.50, a P/E/G ratio of 0.30 and a beta of 0.97. The business's 50-day simple moving average is $14.25 and its two-hundred day simple moving average is $12.53. O-I Glass has a twelve month low of $9.23 and a twelve month high of $16.04.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.13. O-I Glass had a negative net margin of 2.98% and a positive return on equity of 8.48%. On average, equities analysts expect that O-I Glass will post 1.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in O-I Glass by 43.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company's stock worth $6,036,000 after buying an additional 160,649 shares during the last quarter. United Services Automobile Association purchased a new stake in O-I Glass during the first quarter worth about $119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of O-I Glass by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company's stock worth $1,057,000 after purchasing an additional 4,055 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of O-I Glass by 154.0% in the first quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company's stock worth $1,993,000 after purchasing an additional 107,388 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in shares of O-I Glass by 33.9% in the first quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company's stock worth $1,294,000 after purchasing an additional 28,548 shares in the last quarter. 97.24% of the stock is owned by institutional investors.

O-I Glass Company Profile

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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