What is Zacks Research’s Forecast for O-I Glass Q3 Earnings?

O-I Glass, Inc. (NYSE:OI) – Stock analysts at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for shares of O-I Glass in a research report issued on Friday, September 26th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings of $0.47 per share for the quarter, down from their previous forecast of $0.48. 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’ Q4 2026 earnings at $0.41 EPS and FY2026 earnings at $1.70 EPS.

A number of other research firms have also recently weighed in on OI. Wall Street Zen upgraded shares of O-I Glass from a “hold” rating to a “buy” rating in a research report on Sunday, June 29th. Bank of America restated 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. BNP Paribas set a $18.00 price target on shares of O-I Glass in a research note on Wednesday, June 25th. UBS Group reiterated a “buy” rating and issued a $19.00 price objective (up from $17.00) on shares of O-I Glass in a report on Wednesday, July 9th. Finally, BNP Paribas Exane assumed coverage on O-I Glass in a report on Wednesday, June 25th. They set an “outperform” rating and a $18.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, O-I Glass currently has an average rating of “Moderate Buy” and an average price target of $17.00.

O-I Glass Trading Down 0.8%

Shares of NYSE:OI opened at $12.96 on Monday. The business’s 50 day moving average price is $13.18 and its 200-day moving average price is $13.08. O-I Glass has a 1 year low of $9.23 and a 1 year high of $16.04. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -7.85, a price-to-earnings-growth ratio of 0.25 and a beta of 0.93. 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 (NYSE:OI) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.12. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. O-I Glass had a positive return on equity of 13.70% and a negative net margin of 3.95%.O-I Glass’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 earnings per share. O-I Glass has set its FY 2025 guidance at 1.300-1.55 EPS.

Hedge Funds Weigh In On O-I Glass

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in O-I Glass by 31.7% in the 2nd quarter. GAMMA Investing LLC now owns 3,403 shares of the industrial products company’s stock valued at $50,000 after buying an additional 820 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of O-I Glass by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 23,495 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 879 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of O-I Glass by 64.1% in the second 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 period. KLP Kapitalforvaltning AS grew its holdings in shares of O-I Glass by 3.1% in the second quarter. KLP Kapitalforvaltning AS now owns 33,600 shares of the industrial products company’s stock valued at $495,000 after purchasing an additional 1,000 shares during the period. Finally, Amundi increased its position in O-I Glass by 1.4% during the second quarter. Amundi now owns 75,483 shares of the industrial products company’s stock worth $1,175,000 after purchasing an additional 1,031 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Insider Transactions at O-I Glass

In other O-I Glass news, CEO Gordon Hardie acquired 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The stock was bought at an average price of $13.10 per share, with a total value of $104,800.00. Following the purchase, the chief executive officer owned 515,817 shares in the company, valued at approximately $6,757,202.70. The trade was a 1.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Darrow A. Abrahams acquired 3,828 shares of the business’s stock in a transaction on Tuesday, August 5th. The stock was acquired at an average price of $13.05 per share, with a total value of $49,955.40. Following the acquisition, the senior vice president owned 184,447 shares in the company, valued at $2,407,033.35. The trade was a 2.12% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.49% of the company’s stock.

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.