Q3 Earnings Estimate for O-I Glass Issued By Zacks Research

O-I Glass, Inc. (NYSE:OI) – Research analysts at Zacks Research cut their Q3 2026 earnings estimates for shares of O-I Glass in a note issued to investors on Thursday, August 27th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $0.07 per share for the quarter, down from their prior estimate of $0.14. Zacks Research has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $0.42 per share. Zacks Research also issued estimates for O-I Glass’ Q4 2026 earnings at $0.05 EPS, FY2026 earnings at $0.26 EPS, Q1 2027 earnings at $0.24 EPS, Q2 2027 earnings at $0.38 EPS, Q1 2028 earnings at $0.67 EPS, Q2 2028 earnings at $0.75 EPS and FY2028 earnings at $2.67 EPS.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, July 28th. The industrial products company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.15). The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.68 billion. O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. The business’s revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS.

Other equities analysts have also recently issued research reports about the company. Bank of America restated an “underperform” rating and set a $11.00 target price on shares of O-I Glass in a report on Tuesday, July 14th. UBS Group lowered their price target on O-I Glass from $15.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Robert W. Baird set a $13.00 price target on shares of O-I Glass in a research report on Thursday, July 30th. BNP Paribas Exane lowered shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price objective on the stock. in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $10.31.

O-I Glass Trading Down 3.3%

NYSE:OI opened at $7.20 on Friday. O-I Glass has a 1-year low of $6.29 and a 1-year high of $16.91. The business’s 50-day moving average price is $8.36 and its two-hundred day moving average price is $9.87. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 8.89. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of -0.96, a PEG ratio of 2.41 and a beta of 0.66.

Institutional Trading of O-I Glass

Several hedge funds have recently added to or reduced their stakes in OI. Corient Private Wealth LP bought a new position in O-I Glass during the second quarter worth about $254,000. Amundi increased its holdings in shares of O-I Glass by 5.3% in the second quarter. Amundi now owns 178,649 shares of the industrial products company’s stock worth $1,721,000 after acquiring an additional 8,921 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of O-I Glass by 837.5% in the second quarter. California State Teachers Retirement System now owns 1,706,137 shares of the industrial products company’s stock worth $177,169,000 after acquiring an additional 1,524,144 shares in the last quarter. Readystate Asset Management LP acquired a new stake in shares of O-I Glass during the second quarter worth about $810,000. Finally, Oarsman Capital Inc. raised its position in shares of O-I Glass by 57.4% during the second quarter. Oarsman Capital Inc. now owns 111,650 shares of the industrial products company’s stock worth $1,075,000 after purchasing an additional 40,725 shares during the period. Institutional investors and hedge funds own 97.24% of the company’s stock.

About O-I Glass

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.