Zacks Research Has Negative Outlook of O-I Glass Q2 Earnings

O-I Glass, Inc. (NYSE:OI) – Research analysts at Zacks Research lowered their Q2 2027 earnings estimates for shares of O-I Glass in a report released on Tuesday, February 24th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $0.62 for the quarter, down from their prior estimate of $0.64. 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’ Q3 2027 earnings at $0.68 EPS, Q4 2027 earnings at $0.49 EPS, FY2027 earnings at $2.24 EPS and FY2028 earnings at $2.66 EPS.

Several other equities research analysts also recently commented on OI. Bank of America upgraded O-I Glass from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.00 to $17.00 in a report on Monday, November 17th. Wall Street Zen downgraded shares of O-I Glass from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Citigroup dropped their price objective on shares of O-I Glass from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Robert W. Baird set a $20.00 target price on shares of O-I Glass in a research note on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of O-I Glass in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, O-I Glass currently has an average rating of “Moderate Buy” and an average price target of $18.22.

O-I Glass Trading Up 0.9%

Shares of OI opened at $14.87 on Wednesday. O-I Glass has a 12 month low of $9.23 and a 12 month high of $16.91. The stock’s 50-day moving average is $15.32 and its two-hundred day moving average is $13.79. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.25 and a quick ratio of 0.77. The stock has a market cap of $2.27 billion, a PE ratio of -17.70, a P/E/G ratio of 0.67 and a beta of 0.78.

O-I Glass (NYSE:OI) last announced its quarterly earnings results on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. O-I Glass had a negative net margin of 2.01% and a positive return on equity of 18.07%. The firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the prior year, the company earned ($0.05) EPS. The firm’s revenue was down 1.9% on a year-over-year basis.

Institutional Trading of O-I Glass

Several institutional investors and hedge funds have recently bought and sold shares of OI. Vanguard Group Inc. grew its position in shares of O-I Glass by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company’s stock worth $250,959,000 after acquiring an additional 691,989 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in O-I Glass by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,509,444 shares of the industrial products company’s stock worth $125,600,000 after purchasing an additional 277,205 shares during the last quarter. Alliancebernstein L.P. lifted its stake in O-I Glass by 0.7% during the third quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock worth $103,718,000 after purchasing an additional 56,945 shares during the last quarter. Geode Capital Management LLC boosted its holdings in O-I Glass by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 3,783,387 shares of the industrial products company’s stock worth $55,852,000 after purchasing an additional 22,430 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in O-I Glass by 288.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,215,632 shares of the industrial products company’s stock valued at $47,463,000 after purchasing an additional 2,388,299 shares during the last quarter. Institutional investors and hedge funds own 97.24% 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.