Zacks Research Has Pessimistic View of O-I Glass Q1 Earnings

Key Points

• Zacks Research cut O-I Glass’s Q1 2027 EPS estimate to $0.30 from $0.34 and maintained a “Hold” rating. The consensus estimate for full-year earnings is $0.70 per share.
• Analyst sentiment remains mixed but cautious: O-I Glass has an average “Hold” rating and an average price target of $10.56, with several firms recently lowering targets or downgrading the stock.
• O-I Glass recently missed quarterly expectations, reporting $0.09 EPS versus the $0.24 consensus, while revenue fell 2.2% year over year to $1.67 billion. Shares opened at $7.14, near their 52-week low of $6.82.

O-I Glass, Inc. (NYSE:OI - Free Report) - Equities research analysts at Zacks Research cut their Q1 2027 EPS estimates for shares of O-I Glass in a research report issued to clients and investors on Tuesday, August 11th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.34. 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.

Other analysts have also issued research reports about the stock. Wells Fargo & Company decreased their target price on shares of O-I Glass from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 15th. Royal Bank Of Canada cut their price target on O-I Glass from $14.00 to $11.00 and set an "outperform" rating for the company in a report on Thursday, July 9th. Bank of America reissued an "underperform" rating and set a $11.00 price target on shares of O-I Glass in a research note on Tuesday, July 14th. Weiss Ratings cut O-I Glass from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, July 30th. Finally, BNP Paribas Exane downgraded O-I Glass from an "outperform" rating to a "neutral" rating and set a $8.50 price objective for the company. in a research report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $10.56.

O-I Glass Stock Performance

NYSE:OI opened at $7.14 on Wednesday. The firm has a 50 day simple moving average of $8.77 and a 200-day simple moving average of $10.61. The company has a debt-to-equity ratio of 8.89, a current ratio of 1.26 and a quick ratio of 0.77. The firm has a market cap of $1.10 billion, a PE ratio of -0.95, a P/E/G ratio of 1.37 and a beta of 0.66. O-I Glass has a 1-year low of $6.82 and a 1-year high of $16.91.

O-I Glass (NYSE:OI - Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.15). O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. The firm had revenue of $1.67 billion during the quarter, compared to analysts' expectations of $1.68 billion. During the same quarter last year, the company posted $0.53 earnings per share. O-I Glass's revenue for the quarter was down 2.2% on a year-over-year basis.

Hedge Funds Weigh In On O-I Glass

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in shares of O-I Glass by 87.6% during the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company's stock worth $26,000 after purchasing an additional 830 shares during the period. Headlands Technologies LLC purchased a new position in O-I Glass in the second quarter valued at approximately $29,000. Quarry LP acquired a new position in O-I Glass during the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd lifted its position in O-I Glass by 36,533.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company's stock valued at $32,000 after buying an additional 2,192 shares in the last quarter. Finally, State of Wyoming purchased a new stake in O-I Glass during the second quarter worth approximately $35,000. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Eduardo Restrepo purchased 3,309 shares of the stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $8.98 per share, with a total value of $29,714.82. Following the completion of the transaction, the senior vice president owned 94,199 shares in the company, valued at approximately $845,907.02. The trade was a 3.64% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.00% of the company's stock.

O-I Glass Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source