O-I Glass (OI) to Release Earnings on Tuesday

O-I Glass (NYSE:OI - Get Free Report) is projected to release its Q2 2025 earnings data after the market closes on Tuesday, July 29th. Analysts expect O-I Glass to post earnings of $0.40 per share and revenue of $1.70 billion for the quarter.

O-I Glass (NYSE:OI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.22. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.55 billion. O-I Glass had a negative net margin of 2.98% and a positive return on equity of 8.48%. O-I Glass's revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. On average, analysts expect O-I Glass to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

O-I Glass Trading Down 2.4%

Shares of O-I Glass stock traded down $0.36 during trading on Thursday, reaching $14.59. 547,967 shares of the stock were exchanged, compared to its average volume of 1,496,558. 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 stock's fifty day moving average is $14.19 and its 200 day moving average is $12.42. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of -11.57, a price-to-earnings-growth ratio of 0.30 and a beta of 0.97. O-I Glass has a 1 year low of $9.23 and a 1 year high of $16.04.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Bank of America restated a "neutral" rating and issued a $17.00 price objective (up from $15.00) on shares of O-I Glass in a report on Wednesday, July 9th. Barclays lifted their target price on shares of O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Wall Street Zen upgraded shares of O-I Glass from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Truist Financial set a $21.00 price target on shares of O-I Glass and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Wells Fargo & Company downgraded shares of O-I Glass from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $16.00 to $15.00 in a report on Friday, July 18th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $17.20.

Institutional Trading of O-I Glass

Several hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of O-I Glass by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company's stock valued at $1,057,000 after buying an additional 4,055 shares in the last quarter. United Services Automobile Association purchased a new stake in O-I Glass in the 1st quarter worth about $119,000. Royal Bank of Canada raised its position in O-I Glass by 33.9% in the 1st 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 during the period. AQR Capital Management LLC raised its position in O-I Glass by 154.0% in the 1st 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 during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in O-I Glass by 43.9% in the 1st 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 purchasing an additional 160,649 shares during the period. 97.24% of the stock is currently owned by hedge funds and other 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.