O-I Glass (NYSE:OI) Stock Price Breaks Below 50-Day Moving Average on Disappointing Earnings

Key Points

• O-I Glass shares fell below their 50-day moving average after the company reported a $0.09 adjusted loss per share, missing the $0.16 expected profit. Revenue declined 1.8% year over year to $1.623 billion, below estimates.
• Management cut its 2026 adjusted EBITDA outlook to $925 million–$950 million and expects roughly $300 million in free-cash-flow use, citing weak demand, inflation, and a slower European recovery.
• The company’s cost-cutting “Fit to Win” program delivered $50 million in quarterly benefits, while O-I retains about $1.5 billion in liquidity. Analysts have a consensus “Hold” rating and an average price target of $9.06, but European facility-closure charges of $100 million–$120 million will pressure near-term results.

O-I Glass, Inc. (NYSE:OI - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Wednesday following a dissappointing earnings announcement. The stock has a fifty day moving average of $6.33 and traded as low as $5.41. O-I Glass shares last traded at $5.6050, with a volume of 8,725,485 shares traded.

The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.16 by ($0.25). The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.64 billion. O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%. The business's revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS.

Trending Headlines about O-I Glass

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: O-I Glass said its Fit to Win program generated approximately $50 million of benefits in the quarter and $135 million year to date. Management is targeting at least $650 million in cumulative benefits by the end of 2027, which could improve margins and cash generation over time. O-I Glass updates 2026 adjusted EBITDA outlook
• Positive Sentiment: Americas revenue increased to $970 million from $940 million a year earlier, while O-I ended the quarter with approximately $1.5 billion of liquidity, providing some financial flexibility despite its high leverage. O-I Glass reports third-quarter loss and cuts outlook
• Neutral Sentiment: The company plans to permanently close a European production facility and expects $100 million to $120 million of related fourth-quarter charges. The move may support future efficiency but will weigh on near-term earnings and cash flow. O-I Glass third-quarter earnings results
• Negative Sentiment: O-I Glass reported an adjusted loss of $0.09 per share, versus analyst expectations for a profit, while revenue fell 1.8% year over year to $1.623 billion and came in below estimates. Earnings also declined sharply from $0.48 per share in the prior-year quarter. O-I Glass reports third-quarter loss
• Negative Sentiment: Management reduced its 2026 adjusted EBITDA outlook to $925 million-$950 million and expects approximately $300 million of free-cash-flow use. It cited weak demand, energy and freight inflation, and a slower European recovery. Europe’s operating profit collapsed to $2 million from $95 million, making the guidance cut the primary catalyst for the stock’s decline. O-I Glass cuts 2026 outlook

Analysts Set New Price Targets

Several research firms have commented on OI. Robert W. Baird set a $13.00 price objective on shares of O-I Glass in a research report on Thursday, July 30th. Bank of America restated an "underperform" rating and set a $11.00 target price on shares of O-I Glass in a research report on Tuesday, July 14th. Truist Financial lowered their price target on shares of O-I Glass from $10.00 to $8.00 and set a "buy" rating for the company in a report on Monday, October 12th. UBS Group downgraded shares of O-I Glass from a "buy" rating to a "neutral" rating and lowered their price target for the company from $11.00 to $6.00 in a report on Monday, October 5th. Finally, Citigroup upgraded O-I Glass from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $8.00 to $9.00 in a research report on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $9.06.

Institutional Trading of O-I Glass

Several hedge funds and other institutional investors have recently bought and sold shares of OI. BlackRock Inc. purchased a new position in O-I Glass during the second quarter worth $225,727,000. Dimensional Fund Advisors LP lifted its holdings in shares of O-I Glass by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company's stock worth $97,094,000 after acquiring an additional 729,191 shares during the last quarter. Cooper Creek Partners Management LLC lifted its holdings in shares of O-I Glass by 73.8% in the 1st quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company's stock worth $73,636,000 after acquiring an additional 2,975,181 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of O-I Glass by 32.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company's stock worth $44,629,000 after acquiring an additional 1,030,705 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of O-I Glass by 15.6% in the 1st quarter. Bank of America Corp DE now owns 3,563,497 shares of the industrial products company's stock worth $37,452,000 after acquiring an additional 479,608 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company's stock.

O-I Glass Stock Performance

The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 8.89. The business's 50 day moving average is $6.33 and its 200 day moving average is $9.64. The stock has a market capitalization of $861.26 million, a PE ratio of -0.75, a PEG ratio of 2.49 and a beta of 0.68.

O-I Glass Company Profile

O-I Glass, Inc is a global manufacturer of glass packaging products. The company produces glass bottles and jars primarily for the food, beverage, beer, wine, spirits, and pharmaceutical industries, serving brand owners and consumer-products companies.

Its products are designed to provide packaging, preservation, and presentation for a range of consumer goods. O-I also offers glass packaging in various shapes, sizes, and colors, including custom solutions developed for individual brands.

The company traces its history to the Owens Bottle Company, founded in 1903, and the Illinois Glass Company.

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