O-I Glass, Inc. (NYSE:OI - Free Report) - Stock analysts at Zacks Research reduced their Q3 2026 earnings per share estimates for O-I Glass in a research report issued on Tuesday, August 11th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $0.14 for the quarter, down from their previous estimate of $0.51. Zacks Research has a "Hold" rating on the stock. The consensus estimate for O-I Glass' current full-year earnings is $0.70 per share. Zacks Research also issued estimates for O-I Glass' Q4 2026 earnings at $0.09 EPS, FY2026 earnings at $0.37 EPS, Q2 2027 earnings at $0.42 EPS, Q3 2027 earnings at $0.36 EPS, Q4 2027 earnings at $0.21 EPS, FY2027 earnings at $1.29 EPS, Q1 2028 earnings at $0.66 EPS and Q2 2028 earnings at $0.72 EPS.
Several other analysts have also recently issued reports on the company. Weiss Ratings cut O-I Glass from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, July 30th. Robert W. Baird set a $13.00 target price on shares of O-I Glass in a report on Thursday, July 30th. UBS Group cut their price objective on shares of O-I Glass from $15.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. BNP Paribas Exane cut O-I Glass from an "outperform" rating to a "neutral" rating and set a $8.50 price target for the company. in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada downgraded O-I Glass from an "outperform" rating to a "sector perform" rating and set a $8.00 price target for the company. in a report on Thursday. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, O-I Glass currently has an average rating of "Hold" and an average price target of $10.19.
View Our Latest Stock Analysis on OI
O-I Glass Stock Down 5.9%
NYSE:OI opened at $6.73 on Thursday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -0.89, a price-to-earnings-growth ratio of 1.40 and a beta of 0.66. O-I Glass has a twelve month low of $6.71 and a twelve month high of $16.91. 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 stock has a fifty day simple moving average of $8.74 and a 200-day simple moving average of $10.55.
O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results on Tuesday, July 28th. The industrial products company reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.15). The company had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.68 billion. O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%.O-I Glass's revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS.
Institutional Trading of O-I Glass
Several institutional investors and hedge funds have recently bought and sold shares of OI. 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 valued at $1,294,000 after purchasing an additional 28,548 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of 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 valued at $1,993,000 after buying an additional 107,388 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 worth $1,057,000 after acquiring an additional 4,055 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of O-I Glass during the first quarter worth about $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised 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 purchasing an additional 160,649 shares in the last quarter. 97.24% of the stock is currently owned by hedge funds and other institutional investors.
About O-I Glass
(
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O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.
Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.
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