Zacks Research Has Bearish Outlook for O-I Glass Q4 Earnings

O-I Glass, Inc. (NYSE:OI) – Zacks Research lowered their Q4 2024 earnings per share estimates for O-I Glass in a research note issued on Wednesday, December 18th. Zacks Research analyst M. Das now expects that the industrial products company will earn ($0.10) per share for the quarter, down from their previous estimate of ($0.08). The consensus estimate for O-I Glass’ current full-year earnings is $0.76 per share. Zacks Research also issued estimates for O-I Glass’ Q2 2025 earnings at $0.33 EPS and Q4 2025 earnings at $0.37 EPS.

Other equities research analysts have also recently issued reports about the company. StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Bank of America upgraded shares of O-I Glass from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $14.00 to $16.00 in a report on Thursday, October 17th. Citigroup lifted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Barclays dropped their price target on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 31st. Finally, Royal Bank of Canada cut their price target on shares of O-I Glass from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

O-I Glass Trading Up 0.6 %

Shares of OI stock opened at $10.20 on Monday. O-I Glass has a 1-year low of $9.85 and a 1-year high of $17.58. The firm has a market cap of $1.58 billion, a PE ratio of -3.70 and a beta of 1.20. The company has a 50-day moving average of $12.15 and a two-hundred day moving average of $12.05. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.23 and a quick ratio of 0.77.

O-I Glass (NYSE:OI) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.76 billion. O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share.

Institutional Trading of O-I Glass

A number of institutional investors have recently added to or reduced their stakes in OI. Harbor Capital Advisors Inc. acquired a new position in shares of O-I Glass during the 3rd quarter worth approximately $27,000. Newbridge Financial Services Group Inc. lifted its position in shares of O-I Glass by 1,337.5% in the second quarter. Newbridge Financial Services Group Inc. now owns 2,875 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 2,675 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of O-I Glass by 371.0% during the third quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,892 shares during the last quarter. Nisa Investment Advisors LLC increased its position in O-I Glass by 28.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 1,136 shares in the last quarter. Finally, KBC Group NV grew its stake in O-I Glass by 38.9% in the 3rd quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock worth $71,000 after acquiring an additional 1,521 shares during the period. Hedge funds and other institutional investors own 97.24% of the company’s stock.

About O-I Glass

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.