O-I Glass (NYSE:OI) Releases FY25 Earnings Guidance

O-I Glass (NYSE:OI) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.20-1.50 for the period, compared to the consensus earnings per share estimate of $1.34.

O-I Glass Stock Performance

Shares of O-I Glass stock traded down $0.48 during trading hours on Thursday, reaching $11.18. The company’s stock had a trading volume of 1,951,863 shares, compared to its average volume of 1,466,964. The company’s 50 day simple moving average is $11.21 and its 200 day simple moving average is $11.90. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. O-I Glass has a one year low of $9.85 and a one year high of $17.58. The stock has a market cap of $1.72 billion, a P/E ratio of -15.74, a price-to-earnings-growth ratio of 0.24 and a beta of 1.20.

O-I Glass (NYSE:OI) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. As a group, analysts expect that O-I Glass will post 1.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on OI. Bank of America increased their price objective 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. Citigroup decreased their target price on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Finally, Wells Fargo & Company decreased their target price on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.38.

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.