O-I Glass (OI) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for O-I Glass in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OI, but not buy additional shares or sell existing shares.
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9 Wall Street analysts have issued 1 year target prices for O-I Glass' stock. Their OI share price forecasts range from $15.00 to $32.00. On average, they predict the company's stock price to reach $25.60 in the next year. This suggests a possible upside of 48.9% from the stock's current price.
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O-I Glass' stock was trading at $16.57 at the beginning of the year. Since then, OI stock has increased by 3.7% and is now trading at $17.19.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our OI earnings forecast.

O-I Glass, Inc. (NYSE:OI) posted its earnings results on Tuesday, August, 1st. The industrial products company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.05. The industrial products company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. O-I Glass had a trailing twelve-month return on equity of 28.93% and a net margin of 7.88%. The business's revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS.

ETFs with the largest weight of O-I Glass (NYSE:OI) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Invesco S&P SmallCap Momentum ETF (XSMO), Invesco S&P SmallCap Quality ETF (XSHQ), Fidelity Small-Mid Cap Opportunities ETF (FSMO), Invesco S&P SmallCap 600 Revenue ETF (RWJ), Principal US Small-Cap Adaptive Multi-Factor ETF (PLTL) and Avantis U.S. Small Cap Equity ETF (AVSC).

O-I Glass (NYSE:OI) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 5.70%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OI will have a dividend payout ratio of 6.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OI.

O-I Glass issued an update on its fourth quarter 2023 earnings guidance on Tuesday, August, 1st. The company provided earnings per share (EPS) guidance of $0.25-$0.35 for the period. The company issued revenue guidance of -.

88 employees have rated O-I Glass Chief Executive Officer Andres Lopez on Glassdoor.com. Andres Lopez has an approval rating of 67% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other O-I Glass investors own include Intel (INTC), Bank of America (BAC), AT&T (T), General Electric (GE), Ford Motor (F), Cisco Systems (CSCO), Corning (GLW), General Motors (GM), Marathon Petroleum (MPC) and Exxon Mobil (XOM).

O-I Glass trades on the New York Stock Exchange (NYSE) under the ticker symbol "OI."

O-I Glass' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.50%), State Street Corp (3.71%), Dimensional Fund Advisors LP (3.35%), LSV Asset Management (2.12%), Geode Capital Management LLC (1.93%) and Great West Life Assurance Co. Can (1.92%). Insiders that own company stock include Arnaud Aujouannet and Vitaliano Torno.
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Shares of OI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OI stock can currently be purchased for approximately $17.19.

O-I Glass (NYSE:OI) has a market capitalization of $2.67 billion and generates $7.11 billion in revenue each year. The industrial products company earns $584 million in net income (profit) each year or $3.51 on an earnings per share basis.

The company employs 24,000 workers across the globe.

O-I Glass' mailing address is ONE MICHAEL OWENS WAY, PERRYSBURG OH, 43551. The official website for the company is www.o-i.com. The industrial products company can be reached via phone at (567) 336-5000, via email at chris.manuel@o-i.com, or via fax at 419-247-7107.