Research Analysts Issue Forecasts for O-I Glass Q4 Earnings

O-I Glass, Inc. (NYSE:OI) – Zacks Research cut their Q4 2024 earnings estimates for shares of O-I Glass in a research report 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 prior forecast 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 analysts also recently issued reports about the company. Bank of America upgraded O-I Glass from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $16.00 in a report on Thursday, October 17th. Royal Bank of Canada cut their price objective on 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. Citigroup increased their target price on shares of O-I Glass from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded shares of O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Barclays decreased their price objective on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, O-I Glass currently has an average rating of “Moderate Buy” and a consensus price target of $16.25.

O-I Glass Stock Performance

O-I Glass stock opened at $10.14 on Monday. 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 has a 1 year low of $9.85 and a 1 year high of $17.58. The business has a 50 day moving average of $12.15 and a 200-day moving average of $12.05. The company has a market capitalization of $1.57 billion, a P/E ratio of -3.67 and a beta of 1.20.

O-I Glass (NYSE:OI) last announced its quarterly earnings results 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). O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same quarter last year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis.

Hedge Funds Weigh In On O-I Glass

A number of institutional investors and hedge funds have recently made changes to their positions in OI. Harbor Capital Advisors Inc. bought a new stake in O-I Glass in the 3rd quarter valued at about $27,000. Newbridge Financial Services Group Inc. grew its stake in 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 during the period. GAMMA Investing LLC increased its holdings 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 in the last quarter. Nisa Investment Advisors LLC raised its position in shares of O-I Glass by 28.4% during the third 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 during the period. Finally, KBC Group NV lifted its holdings in shares of 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 purchasing an additional 1,521 shares in the last quarter. 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.