What is Zacks Research's Estimate for O-I Glass Q3 Earnings?

Key Points

• Zacks Research has lowered its Q3 2026 earnings per share estimate for O-I Glass to $0.47, down from a previous estimate of $0.48, and maintains a "Hold" rating on the stock.
• O-I Glass reported earnings of $0.53 per share for the last quarter, exceeding analysts' expectations of $0.41.
• Citigroup and BNP Paribas have increased their price targets for O-I Glass, with Citigroup raising it from $14.00 to $16.00 and BNP setting a target of $18.00.

O-I Glass, Inc. (NYSE:OI - Free Report) - Research analysts at Zacks Research lowered their Q3 2026 earnings per share estimates for O-I Glass in a note issued to investors on Friday, September 26th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $0.47 per share for the quarter, down from their previous estimate of $0.48. Zacks Research currently has a "Hold" rating on the stock. 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' Q4 2026 earnings at $0.41 EPS and FY2026 earnings at $1.70 EPS.

O-I Glass (NYSE:OI - Get Free Report) last posted its earnings results on Tuesday, July 29th. The industrial products company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.41 by $0.12. O-I Glass had a positive return on equity of 13.70% and a negative net margin of 3.95%.The business had revenue of $1.70 billion during the quarter, compared to analysts' expectations of $1.70 billion. During the same period in the previous year, the business earned $0.44 earnings per share. The firm's revenue was down 1.3% on a year-over-year basis. O-I Glass has set its FY 2025 guidance at 1.300-1.55 EPS.

OI has been the topic of several other research reports. Citigroup lifted their price objective on O-I Glass from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. BNP Paribas set a $18.00 price target on O-I Glass in a report on Wednesday, June 25th. BNP Paribas Exane assumed coverage on O-I Glass in a report on Wednesday, June 25th. They set an "outperform" rating and a $18.00 price target on the stock. Wall Street Zen upgraded O-I Glass from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Finally, Bank of America restated 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $17.00.

O-I Glass Stock Up 2.4%

OI opened at $13.14 on Monday. The company has a market cap of $2.02 billion, a P/E ratio of -7.96, a P/E/G ratio of 0.25 and a beta of 0.93. The business's 50-day moving average price is $13.24 and its 200-day moving average price is $13.07. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 3.58. O-I Glass has a 12 month low of $9.23 and a 12 month high of $16.04.

Insider Buying and Selling at O-I Glass

In related news, SVP Darrow A. Abrahams bought 3,828 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average cost of $13.05 per share, for a total transaction of $49,955.40. Following the completion of the transaction, the senior vice president owned 184,447 shares of the company's stock, valued at approximately $2,407,033.35. This trade represents a 2.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gordon Hardie bought 8,000 shares of the stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $13.10 per share, for a total transaction of $104,800.00. Following the completion of the transaction, the chief executive officer directly owned 515,817 shares of the company's stock, valued at $6,757,202.70. This represents a 1.58% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.49% of the company's stock.

Institutional Investors Weigh In On O-I Glass

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in O-I Glass by 31.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,403 shares of the industrial products company's stock worth $50,000 after purchasing an additional 820 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in O-I Glass by 3.9% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,495 shares of the industrial products company's stock worth $346,000 after purchasing an additional 879 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in O-I Glass by 64.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company's stock worth $35,000 after purchasing an additional 918 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in O-I Glass by 3.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 33,600 shares of the industrial products company's stock worth $495,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Amundi lifted its stake in O-I Glass by 1.4% in the 2nd quarter. Amundi now owns 75,483 shares of the industrial products company's stock worth $1,175,000 after purchasing an additional 1,031 shares in the last quarter. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

About O-I Glass

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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