O-I Glass (NYSE:OI) Releases FY 2025 Earnings Guidance

O-I Glass (NYSE:OI) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.550-1.650 for the period, compared to the consensus EPS estimate of 1.470. The company issued revenue guidance of -.

Analyst Ratings Changes

A number of research firms recently weighed in on OI. UBS Group restated a “buy” rating and set a $19.00 price target (up from $17.00) on shares of O-I Glass in a research report on Wednesday, July 9th. Wall Street Zen lowered O-I Glass from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Truist Financial lowered their price objective on O-I Glass from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Wells Fargo & Company reaffirmed a “mixed” rating on shares of O-I Glass in a research note on Monday, August 4th. Finally, Bank of America reissued a “neutral” rating and set a $17.00 price target (up previously from $15.00) on shares of O-I Glass in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.56.

O-I Glass Trading Up 0.6%

NYSE:OI traded up $0.07 during trading hours on Tuesday, reaching $11.83. 2,187,850 shares of the stock were exchanged, compared to its average volume of 1,531,952. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 3.58. The business has a 50-day moving average of $12.54 and a two-hundred day moving average of $13.26. O-I Glass has a twelve month low of $9.23 and a twelve month high of $16.04. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -7.17, a PEG ratio of 0.22 and a beta of 0.93.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Wednesday, March 1st. The industrial products company reported $0.36 earnings per share (EPS) for the quarter. The business had revenue of $1.59 billion for the quarter. O-I Glass had a negative net margin of 3.95% and a positive return on equity of 13.70%. On average, equities analysts predict that O-I Glass will post 1.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of OI. Headlands Technologies LLC purchased a new stake in O-I Glass in the second quarter valued at approximately $29,000. State of Wyoming acquired a new position in shares of O-I Glass in the 2nd quarter valued at $35,000. Smartleaf Asset Management LLC raised its position in O-I Glass by 64.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 918 shares during the last quarter. Osaic Holdings Inc. boosted its stake in O-I Glass by 29.7% during the 2nd quarter. Osaic Holdings Inc. now owns 6,779 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 1,554 shares during the period. Finally, United Services Automobile Association acquired a new stake in O-I Glass during the 1st quarter worth $119,000. 97.24% of the stock is owned by hedge funds and other institutional investors.

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.