FY2025 EPS Estimates for O-I Glass Boosted by Zacks Research

O-I Glass, Inc. (NYSE:OI) – Equities researchers at Zacks Research upped their FY2025 earnings per share (EPS) estimates for shares of O-I Glass in a report released on Tuesday, January 28th. Zacks Research analyst M. Das now expects that the industrial products company will earn $1.43 per share for the year, up from their prior estimate of $1.41. The consensus estimate for O-I Glass’ current full-year earnings is $0.75 per share.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.08). The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate 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 firm’s revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.80 EPS.

OI has been the subject of several other reports. StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada decreased their price target on shares of O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company cut their price objective on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Bank of America increased their target price on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, Citigroup cut their price target on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, O-I Glass has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

O-I Glass Price Performance

Shares of NYSE OI opened at $11.89 on Friday. The company has a fifty day moving average price of $11.16 and a 200 day moving average price of $11.95. The firm has a market cap of $1.84 billion, a PE ratio of -4.31 and a beta of 1.21. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18. O-I Glass has a 1-year low of $9.85 and a 1-year high of $17.58.

Institutional Trading of O-I Glass

A number of hedge funds have recently made changes to their positions in OI. Sei Investments Co. raised its holdings in O-I Glass by 18.0% in the 2nd quarter. Sei Investments Co. now owns 78,982 shares of the industrial products company’s stock valued at $879,000 after acquiring an additional 12,034 shares during the period. Marshall Wace LLP bought a new stake in O-I Glass in the 2nd quarter valued at $2,551,000. Millennium Management LLC increased its position in O-I Glass by 27.5% during the 2nd quarter. Millennium Management LLC now owns 1,965,426 shares of the industrial products company’s stock worth $21,875,000 after buying an additional 424,102 shares during the period. The Manufacturers Life Insurance Company increased its position in O-I Glass by 4.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 83,898 shares of the industrial products company’s stock worth $934,000 after buying an additional 3,413 shares during the period. Finally, Mackenzie Financial Corp grew its stake in shares of O-I Glass by 6.1% in the second quarter. Mackenzie Financial Corp now owns 20,091 shares of the industrial products company’s stock valued at $224,000 after acquiring an additional 1,162 shares in the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

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.