O-I Glass (NYSE:OI) Announces Earnings Results

O-I Glass (NYSE:OI) released its quarterly earnings data on Tuesday. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04, Zacks reports. O-I Glass had a negative net margin of 3.95% and a positive return on equity of 13.70%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm earned ($0.04) earnings per share. O-I Glass’s revenue for the quarter was down 1.5% on a year-over-year basis. O-I Glass updated its FY 2025 guidance to 1.550-1.650 EPS.

O-I Glass Price Performance

OI traded up $1.66 during trading on Wednesday, hitting $13.46. 2,396,225 shares of the stock traded hands, compared to its average volume of 1,534,920. The business has a 50 day moving average price of $12.51 and a 200 day moving average price of $13.26. The company has a debt-to-equity ratio of 3.58, a current ratio of 1.24 and a quick ratio of 0.77. O-I Glass has a twelve month low of $9.23 and a twelve month high of $16.04. The company has a market cap of $2.07 billion, a price-to-earnings ratio of -8.17, a PEG ratio of 0.22 and a beta of 0.93.

Wall Street Analysts Forecast Growth

OI has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a report on Wednesday, October 8th. UBS Group restated a “buy” rating and set a $19.00 price objective (up previously from $17.00) on shares of O-I Glass in a research note on Wednesday, July 9th. Wall Street Zen lowered O-I Glass from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Bank of America reiterated a “neutral” rating and set a $17.00 target price (up from $15.00) on shares of O-I Glass in a report on Wednesday, July 9th. Finally, Truist Financial lowered their price objective on shares of O-I Glass from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.56.

Institutional Trading of O-I Glass

Large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in O-I Glass by 33.9% during the first quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock worth $1,294,000 after acquiring an additional 28,548 shares in the last quarter. AQR Capital Management LLC lifted its stake in O-I Glass by 154.0% in the 1st quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock valued at $1,993,000 after purchasing an additional 107,388 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in O-I Glass by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock valued at $1,057,000 after buying an additional 4,055 shares in the last quarter. United Services Automobile Association bought a new stake in shares of O-I Glass during the first quarter worth $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of O-I Glass by 43.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock worth $6,036,000 after buying an additional 160,649 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

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.