O-I Glass (OI) Projected to Post Earnings on Tuesday

O-I Glass (NYSE:OI) is expected to be announcing its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $1,598,265.00 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

O-I Glass (NYSE:OI) last announced its quarterly earnings data 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 firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.76 billion. O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. On average, analysts expect O-I Glass to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

O-I Glass Stock Performance

O-I Glass stock opened at $11.72 on Tuesday. The company has a market capitalization of $1.81 billion, a PE ratio of -4.24 and a beta of 1.21. O-I Glass has a twelve month low of $9.85 and a twelve month high of $17.58. The firm has a fifty day simple moving average of $11.21 and a two-hundred day simple moving average of $11.96. The company has a quick ratio of 0.77, a current ratio of 1.23 and a debt-to-equity ratio of 3.18.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. 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 report on Monday, January 6th. Wells Fargo & Company reduced their price objective on 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. StockNews.com upgraded shares of O-I Glass from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Bank of America increased their target price on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Barclays decreased 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. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.