Brokers Offer Predictions for O-I Glass, Inc.’s FY2026 Earnings (NYSE:OI)

O-I Glass, Inc. (NYSE:OI) – Equities research analysts at Zacks Research reduced their FY2026 earnings per share estimates for shares of O-I Glass in a report issued on Wednesday, June 26th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $2.31 per share for the year, down from their previous estimate of $2.32. The consensus estimate for O-I Glass’ current full-year earnings is $1.67 per share.

O-I Glass (NYSE:OI) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.09. O-I Glass had a negative net margin of 3.45% and a positive return on equity of 18.25%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the company earned $1.29 earnings per share. The business’s quarterly revenue was down 13.0% compared to the same quarter last year.

Other analysts have also issued reports about the company. Bank of America restated a “neutral” rating and issued a $16.00 price target (down from $21.00) on shares of O-I Glass in a report on Friday, April 19th. Barclays reduced their price target on O-I Glass from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, May 6th. Truist Financial reiterated a “buy” rating and issued a $17.00 price objective (down from $20.00) on shares of O-I Glass in a report on Thursday, May 2nd. Wells Fargo & Company reduced their target price on shares of O-I Glass from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, StockNews.com raised shares of O-I Glass from a “sell” rating to a “hold” rating in a research report on Friday, June 14th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, O-I Glass presently has an average rating of “Moderate Buy” and an average price target of $19.56.

O-I Glass Price Performance

Shares of NYSE OI opened at $11.13 on Friday. The company has a fifty day moving average price of $12.76 and a 200 day moving average price of $14.81. The firm has a market cap of $1.73 billion, a PE ratio of -7.00, a PEG ratio of 1.07 and a beta of 1.27. The company has a current ratio of 1.02, a quick ratio of 0.56 and a debt-to-equity ratio of 2.26. O-I Glass has a 1-year low of $10.78 and a 1-year high of $23.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of OI. Covestor Ltd lifted its holdings in O-I Glass by 259.7% during the 3rd quarter. Covestor Ltd now owns 1,669 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 1,205 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of O-I Glass by 40.2% in the first quarter. Bessemer Group Inc. now owns 4,597 shares of the industrial products company’s stock valued at $76,000 after acquiring an additional 1,318 shares during the period. Quadrant Capital Group LLC increased its position in O-I Glass by 37.3% during the fourth quarter. Quadrant Capital Group LLC now owns 5,168 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 1,404 shares during the period. Comerica Bank raised its stake in O-I Glass by 1.8% in the 4th quarter. Comerica Bank now owns 81,833 shares of the industrial products company’s stock worth $1,340,000 after purchasing an additional 1,411 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its holdings in O-I Glass by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 135,154 shares of the industrial products company’s stock valued at $2,242,000 after purchasing an additional 1,465 shares during the period. Institutional investors own 97.24% 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.