Zacks Research Decreases Earnings Estimates for O-I Glass

Key Points

• Zacks Research has lowered its FY2026 earnings per share estimate for O-I Glass to $1.71, down from $1.72, while the current consensus estimate is $1.33 per share.
• O-I Glass reported a quarterly earnings of $0.53 per share, exceeding analysts' expectations of $0.41, but its revenue declined by 1.3% year-over-year.
• Institutional ownership of O-I Glass is high, with 97.24% of the stock held by institutional investors, indicating strong confidence in the company's future.

O-I Glass, Inc. (NYSE:OI - Free Report) - Equities researchers at Zacks Research dropped their FY2026 earnings per share (EPS) estimates for shares of O-I Glass in a research report issued to clients and investors on Thursday, September 25th. Zacks Research analyst Team now expects that the industrial products company will earn $1.71 per share for the year, down from their prior forecast of $1.72. 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 released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.12. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.70 billion. O-I Glass had a positive return on equity of 13.70% and a negative net margin of 3.95%.O-I Glass's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. O-I Glass has set its FY 2025 guidance at 1.300-1.55 EPS.

Several other brokerages have also issued reports on OI. Bank of America reissued a "neutral" rating and issued a $17.00 target price (up previously from $15.00) on shares of O-I Glass in a research report on Wednesday, July 9th. Citigroup increased their target price on O-I Glass from $14.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. BNP Paribas Exane began coverage on O-I Glass in a research report on Wednesday, June 25th. They issued an "outperform" rating and a $18.00 target price for the company. Wall Street Zen raised O-I Glass from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Finally, BNP Paribas set a $18.00 target price on O-I Glass in a research report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, O-I Glass has an average rating of "Moderate Buy" and a consensus price target of $17.00.

O-I Glass Stock Down 2.9%

Shares of NYSE:OI opened at $12.85 on Friday. O-I Glass has a 52-week low of $9.23 and a 52-week high of $16.04. The firm has a market capitalization of $1.98 billion, a P/E ratio of -7.79, a P/E/G ratio of 0.26 and a beta of 0.93. The stock has a 50 day moving average price of $13.26 and a 200-day moving average price of $13.03. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.77 and a current ratio of 1.24.

Hedge Funds Weigh In On O-I Glass

Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings 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 worth $8,800,000 after purchasing an additional 17,254 shares during the period. SG Americas Securities LLC raised its holdings 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 worth $525,000 after purchasing an additional 24,743 shares during the period. American Century Companies Inc. raised its holdings in O-I Glass by 11.0% in the 1st quarter. American Century Companies Inc. now owns 326,153 shares of the industrial products company's stock worth $3,741,000 after purchasing an additional 32,339 shares during the period. GAMMA Investing LLC raised its holdings in O-I Glass by 79.3% in the 1st quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company's stock worth $30,000 after purchasing an additional 1,142 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in O-I Glass in the 1st quarter worth $658,000. 97.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Gordon Hardie purchased 8,000 shares of the company's stock in a transaction dated Tuesday, August 5th. The shares were purchased at an average cost of $13.10 per share, for a total transaction of $104,800.00. Following the purchase, the chief executive officer directly owned 515,817 shares in the company, valued at approximately $6,757,202.70. This represents a 1.58% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Darrow A. Abrahams purchased 3,828 shares of the company's stock in a transaction dated Tuesday, August 5th. The stock was purchased at an average price of $13.05 per share, for a total transaction of $49,955.40. Following the completion of the purchase, the senior vice president owned 184,447 shares in the company, valued at approximately $2,407,033.35. The trade was a 2.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.93% 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.

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