Zacks Research Has Pessimistic View of O-I Glass Q2 Earnings

O-I Glass, Inc. (NYSE:OI) – Analysts at Zacks Research decreased their Q2 2026 EPS estimates for O-I Glass in a research note issued on Tuesday, July 14th. Zacks Research analyst Team now expects that the industrial products company will post earnings of $0.27 per share for the quarter, down from their previous estimate of $0.28. Zacks Research has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $1.17 per share. Zacks Research also issued estimates for O-I Glass’ Q3 2026 earnings at $0.51 EPS, Q4 2026 earnings at $0.39 EPS, Q4 2027 earnings at $0.48 EPS and FY2027 earnings at $1.86 EPS.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS.

Other analysts have also recently issued research reports about the company. Royal Bank Of Canada reduced their price target on O-I Glass from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Weiss Ratings cut O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 30th. UBS Group cut their price objective on O-I Glass from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Bank of America reissued an “underperform” rating and issued a $11.00 target price on shares of O-I Glass in a report on Tuesday. Finally, Citigroup decreased their target price on shares of O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.71.

O-I Glass Price Performance

NYSE OI opened at $8.46 on Wednesday. The company has a market capitalization of $1.30 billion, a PE ratio of -6.94, a price-to-earnings-growth ratio of 1.13 and a beta of 0.62. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26. The business’s fifty day moving average is $9.01 and its 200 day moving average is $11.61. O-I Glass has a fifty-two week low of $7.75 and a fifty-two week high of $16.91.

Institutional Investors Weigh In On O-I Glass

A number of institutional investors have recently added to or reduced their stakes in OI. Farther Finance Advisors LLC lifted its holdings in shares of O-I Glass by 87.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after buying an additional 830 shares in the last quarter. Headlands Technologies LLC purchased a new stake in O-I Glass in the 2nd quarter worth $29,000. Quarry LP purchased a new stake in O-I Glass in the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of O-I Glass by 36,533.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 2,192 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of O-I Glass during the 2nd quarter valued at about $35,000. 97.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other O-I Glass news, SVP Darrow A. Abrahams acquired 2,774 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $9.04 per share, with a total value of $25,076.96. Following the completion of the purchase, the senior vice president directly owned 235,928 shares in the company, valued at approximately $2,132,789.12. The trade was a 1.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eduardo Restrepo bought 3,309 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were acquired at an average price of $8.98 per share, with a total value of $29,714.82. Following the transaction, the senior vice president directly owned 94,199 shares of the company’s stock, valued at $845,907.02. This represents a 3.64% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders acquired 17,083 shares of company stock worth $157,312. Corporate insiders own 1.00% of the company’s stock.

O-I Glass News Roundup

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Zacks Research upgraded O-I Glass from “strong sell” to “hold,” which is helping sentiment around the name. Zacks.com
• Positive Sentiment: Zacks raised its Q2 2026 EPS estimate to $0.27 from $0.26, suggesting slightly better near-term profitability.
• Positive Sentiment: The firm also increased its Q4 2026 EPS estimate to $0.39 from $0.35 and FY2027 EPS to $1.86 from $1.80, signaling stronger longer-term earnings potential.
• Neutral Sentiment: Zacks trimmed its Q3 2026 EPS estimate slightly to $0.51 from $0.52, a minor offset to the more bullish revisions.
• Negative Sentiment: Bank of America reaffirmed an “underperform” rating, and recent coverage points to weak demand and fewer catalysts, which likely capped enthusiasm for the stock. Article

O-I Glass Company Profile

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.