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

Key Points

• Zacks Research has revised down its Q3 2026 EPS estimate for O-I Glass from $0.60 to $0.49, amid a consensus full-year earnings estimate of $1.33 per share.
• O-I Glass reported a quarterly EPS of $0.53, exceeding analysts' expectations of $0.41, despite a revenue decline of 1.3% year-over-year.
• Recent analyst ratings are mixed, with three holding a "hold" rating, five a "buy" rating, and a price target range from $16.00 to $21.00 across various reports.

O-I Glass, Inc. (NYSE:OI - Free Report) - Equities research analysts at Zacks Research cut their Q3 2026 EPS estimates for shares of O-I Glass in a research report issued to clients and investors on Monday, August 11th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings per share of $0.49 for the quarter, down from their prior estimate of $0.60. The consensus estimate for O-I Glass' current full-year earnings is $1.33 per share.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.12. O-I Glass had a negative net margin of 3.95% and a positive return on equity of 13.70%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the firm posted $0.44 EPS. O-I Glass's revenue for the quarter was down 1.3% compared to the same quarter last year.

A number of other research firms have also issued reports on OI. Truist Financial set a $21.00 price target on shares of O-I Glass and gave the stock a "buy" rating in a research report on Friday, July 11th. UBS Group reaffirmed a "buy" rating and set a $19.00 target price (up from $17.00) on shares of O-I Glass in a report on Wednesday, July 9th. Citigroup lifted their target price on shares of O-I Glass from $14.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, July 3rd. Wells Fargo & Company reaffirmed a "mixed" rating on shares of O-I Glass in a report on Monday, August 4th. Finally, BNP Paribas set a $18.00 target price on shares of O-I Glass in a report on Wednesday, June 25th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, O-I Glass currently has an average rating of "Moderate Buy" and an average price target of $17.00.

O-I Glass Stock Performance

OI opened at $13.31 on Wednesday. O-I Glass has a 12-month low of $9.23 and a 12-month high of $16.04. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $2.05 billion, a PE ratio of -8.04, a P/E/G ratio of 0.25 and a beta of 0.92. The firm has a 50 day moving average of $14.24 and a two-hundred day moving average of $12.72.

Institutional Investors Weigh In On O-I Glass

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its stake in O-I Glass by 6.9% during the 4th quarter. FMR LLC now owns 10,054,398 shares of the industrial products company's stock worth $108,990,000 after purchasing an additional 647,237 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in O-I Glass by 9.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,449,472 shares of the industrial products company's stock worth $80,749,000 after purchasing an additional 617,460 shares during the last quarter. Levin Capital Strategies L.P. boosted its stake in O-I Glass by 6.0% during the 1st quarter. Levin Capital Strategies L.P. now owns 2,915,106 shares of the industrial products company's stock worth $33,436,000 after purchasing an additional 164,669 shares during the last quarter. Private Management Group Inc. boosted its stake in O-I Glass by 1.1% during the 1st quarter. Private Management Group Inc. now owns 2,868,100 shares of the industrial products company's stock worth $32,897,000 after purchasing an additional 29,827 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in O-I Glass by 20.8% during the 1st quarter. Alliancebernstein L.P. now owns 2,695,401 shares of the industrial products company's stock worth $30,916,000 after purchasing an additional 464,557 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company's stock.

Insider Buying and Selling at O-I Glass

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

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.

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