Zacks Research Comments on O-I Glass' Q1 Earnings (NYSE:OI)

O-I Glass, Inc. (NYSE:OI - Free Report) - Analysts at Zacks Research boosted their Q1 2026 EPS estimates for shares of O-I Glass in a research note issued to investors on Wednesday, July 16th. Zacks Research analyst M. Das now expects that the industrial products company will post earnings of $0.35 per share for the quarter, up from their prior forecast of $0.34. The consensus estimate for O-I Glass' current full-year earnings is $1.33 per share. Zacks Research also issued estimates for O-I Glass' Q3 2026 earnings at $0.60 EPS, Q4 2026 earnings at $0.38 EPS, FY2026 earnings at $1.72 EPS and FY2027 earnings at $2.28 EPS.

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

OI has been the topic of several other reports. Barclays increased their price target on shares of O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Truist Financial set a $21.00 price target on shares of O-I Glass and gave the company a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company cut shares of O-I Glass from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $16.00 to $15.00 in a research note on Friday. Citigroup increased their price target on shares of O-I Glass from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, July 3rd. Finally, BNP Paribas Exane initiated coverage on shares of O-I Glass in a research note on Wednesday, June 25th. They set an "outperform" rating and a $18.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.20.

O-I Glass Price Performance

NYSE OI traded up $0.07 during trading hours on Friday, reaching $14.40. 317,851 shares of the company's stock were exchanged, compared to its average volume of 1,513,452. The firm has a fifty day moving average of $14.14 and a 200-day moving average of $12.36. The company has a current ratio of 1.24, a quick ratio of 0.73 and a debt-to-equity ratio of 3.83. The stock has a market cap of $2.23 billion, a PE ratio of -11.42, a price-to-earnings-growth ratio of 0.29 and a beta of 0.97. O-I Glass has a one year low of $9.23 and a one year high of $16.04.

Hedge Funds Weigh In On O-I Glass

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. increased its holdings in O-I Glass by 112.8% during the 4th quarter. Sei Investments Co. now owns 93,174 shares of the industrial products company's stock worth $1,010,000 after purchasing an additional 49,383 shares in the last quarter. Principal Financial Group Inc. grew its stake in O-I Glass by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 767,260 shares of the industrial products company's stock valued at $8,800,000 after buying an additional 17,254 shares in the last quarter. SG Americas Securities LLC grew its stake in O-I Glass by 117.7% in the 1st quarter. SG Americas Securities LLC now owns 45,766 shares of the industrial products company's stock valued at $525,000 after buying an additional 24,743 shares in the last quarter. Northern Trust Corp grew its stake in O-I Glass by 8.5% in the 4th quarter. Northern Trust Corp now owns 1,738,277 shares of the industrial products company's stock valued at $18,843,000 after buying an additional 135,989 shares in the last quarter. Finally, Amundi grew its stake in O-I Glass by 212.9% in the 4th quarter. Amundi now owns 95,302 shares of the industrial products company's stock valued at $996,000 after buying an additional 64,844 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

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.