Equities analysts predict that O-I Glass, Inc. (NYSE:OI) will announce earnings of $0.28 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for O-I Glass’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.29. O-I Glass posted earnings of $0.41 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 31.7%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, April 28th.
According to Zacks, analysts expect that O-I Glass will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.60. For the next year, analysts anticipate that the business will post earnings of $1.83 per share, with EPS estimates ranging from $1.55 to $2.00. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for O-I Glass.
O-I Glass (NYSE:OI) last announced its earnings results on Monday, February 8th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.48 billion. O-I Glass had a net margin of 4.97% and a return on equity of 88.28%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share.
Several large investors have recently modified their holdings of OI. Marshall Wace North America L.P. acquired a new stake in shares of O-I Glass during the first quarter worth $25,000. Guggenheim Capital LLC raised its holdings in shares of O-I Glass by 17.0% during the third quarter. Guggenheim Capital LLC now owns 20,889 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 3,033 shares during the period. Morgan Stanley raised its holdings in shares of O-I Glass by 17.7% during the third quarter. Morgan Stanley now owns 265,094 shares of the industrial products company’s stock worth $2,806,000 after purchasing an additional 39,901 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of O-I Glass during the third quarter worth $169,000. Finally, Sei Investments Co. raised its holdings in shares of O-I Glass by 10.3% during the third quarter. Sei Investments Co. now owns 140,159 shares of the industrial products company’s stock worth $1,479,000 after purchasing an additional 13,100 shares during the period. 89.85% of the stock is currently owned by institutional investors.
OI opened at $14.71 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.40 and a debt-to-equity ratio of 19.48. O-I Glass has a 52-week low of $5.76 and a 52-week high of $15.24. The company has a 50 day moving average of $13.56 and a two-hundred day moving average of $12.37. The company has a market cap of $2.32 billion, a P/E ratio of 7.58 and a beta of 1.78.
O-I Glass Company Profile
O-I Glass, Inc engages in manufacturing of glass products. It offers products to the food and beverage sectors. The firm operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded in 1929 and is headquartered in Perrysburg, OH.
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