Zacks Research Has Negative Outlook of O-I Glass Q2 Earnings

O-I Glass, Inc. (NYSE:OI) – Analysts at Zacks Research decreased their Q2 2027 EPS estimates for O-I Glass in a research note issued on Tuesday, February 24th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $0.62 for the quarter, down from their prior forecast of $0.64. Zacks Research 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’ Q3 2027 earnings at $0.68 EPS, Q4 2027 earnings at $0.49 EPS, FY2027 earnings at $2.24 EPS and FY2028 earnings at $2.66 EPS.

Several other research firms have also recently commented on OI. UBS Group reissued a “buy” rating and set a $21.00 target price on shares of O-I Glass in a research note on Thursday, February 12th. Royal Bank Of Canada reissued an “outperform” rating and issued a $19.00 price target on shares of O-I Glass in a research note on Thursday, January 15th. Truist Financial upped their price objective on shares of O-I Glass from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Citigroup dropped their target price on shares of O-I Glass from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, February 12th. Finally, Wells Fargo & Company upgraded shares of O-I Glass from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $15.00 to $18.00 in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.22.

O-I Glass Price Performance

Shares of NYSE OI opened at $14.87 on Wednesday. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.25 and a quick ratio of 0.77. The firm has a market capitalization of $2.27 billion, a PE ratio of -17.70, a P/E/G ratio of 0.67 and a beta of 0.78. O-I Glass has a 1-year low of $9.23 and a 1-year high of $16.91. The business’s fifty day moving average price is $15.32 and its two-hundred day moving average price is $13.79.

O-I Glass (NYSE:OI) last posted its earnings results on Tuesday, February 10th. The industrial products company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.52 billion. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) earnings per share.

Hedge Funds Weigh In On O-I Glass

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after acquiring an additional 830 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of O-I Glass in the 2nd quarter worth about $29,000. Quarry LP acquired a new stake in shares of O-I Glass during the fourth quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd increased its holdings in 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 in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in O-I Glass by 64.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after buying an additional 918 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors and hedge funds.

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.