O-I Glass (OI) Stock Price, News & Analysis

Company Overview

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. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. O-I Glass, Inc. was founded in 1903 and is based in Perrysburg, Ohio.

Key Stats

• Today's Range: $12.95 to $13.33
• 50-Day Range: $10.94 to $13.42
• 52-Week Range: $10.08 to $18.08
• Volume: 3.09 million shs
• Average Volume: 1.74 million shs
• Market Capitalization: $2.02 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $16.25
• Consensus Rating: Moderate Buy

O-I Glass Stock Analysis - MarketRank™

O-I Glass scored higher than 97% of companies evaluated by MarketBeat, and ranked 23rd out of 172 stocks in the industrial products sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

O-I Glass has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

O-I Glass has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 66.37%

Earnings Growth

Earnings for O-I Glass are expected to grow by 66.37% in the coming year, from $1.13 to $1.88 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of O-I Glass is -8.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of O-I Glass is -8.17, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

O-I Glass has a PEG Ratio of 1.72. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

O-I Glass has a P/B Ratio of 1.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.02% of the float of O-I Glass has been sold short.

Short Interest Ratio / Days to Cover

O-I Glass has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in O-I Glass has recently decreased by 19.26%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

O-I Glass does not currently pay a dividend.

Dividend Growth

O-I Glass does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, O-I Glass will have a dividend payout ratio of 10.64% next year. This indicates that O-I Glass will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -4.94

Percentage of Shares Shorted

3.02% of the float of O-I Glass has been sold short.

Short Interest Ratio / Days to Cover

O-I Glass has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in O-I Glass has recently decreased by 19.26%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.51

News Sentiment

O-I Glass has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Industrial Products companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for O-I Glass this week, compared to 4 articles on an average week.

Search Interest

Only 8 people have searched for OI on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, O-I Glass insiders have bought more of their company's stock than they have sold. Specifically, they have bought $169,500.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 1.49% of the stock of O-I Glass is held by insiders.

Percentage Held by Institutions

97.24% of the stock of O-I Glass is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

OI Stock Analysis - Frequently Asked Questions

How have OI shares performed this year?

O-I Glass' stock was trading at $16.38 at the beginning of the year. Since then, OI stock has decreased by 20.7% and is now trading at $12.99.
View the best growth stocks for 2024 here.

How were O-I Glass' earnings last quarter?

O-I Glass, Inc. (NYSE:OI) issued its earnings results on Tuesday, July, 30th. The industrial products company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.01. The firm's revenue for the quarter was down 8.5% on a year-over-year basis.

Who are O-I Glass' major shareholders?

O-I Glass' top institutional investors include Dimensional Fund Advisors LP (4.56%), Levin Capital Strategies L.P. (2.26%), LSV Asset Management (1.84%) and Private Management Group Inc. (1.61%). Insiders that own company stock include Vitaliano Torno, John Humphrey and Arnaud Aujouannet.
View institutional ownership trends.

How do I buy shares of O-I Glass?

Shares of OI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of O-I Glass own?

Based on aggregate information from My MarketBeat watchlists, some other companies that O-I Glass investors own include Intel (INTC), Bank of America (BAC), AT&T (T), General Electric (GE), Ford Motor (F), Cisco Systems (CSCO) and Corning (GLW).

Company Calendar

• Last Earnings: 7/30/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 10/29/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Industrial Products
• Industry: Glass containers
• Sub-Industry: Metal & Glass Containers
• Current Symbol: NYSE:OI
• CUSIP: 69076840
• CIK: 812074
• Web: www.o-i.com
• Phone: (567) 336-5000
• Fax: 419-247-7107
• Employees: 23,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.25
• High Stock Price Target: $18.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +24.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.59)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 11.52
• P/E Growth: 1.72
• Net Income: $-103,000,000.00
• Net Margins: -4.32%
• Pretax Margin: -2.03%
• Return on Equity: 15.64%
• Return on Assets: 3.00%

Debt

• Debt-to-Equity Ratio: 2.85
• Current Ratio: 1.26
• Quick Ratio: 0.75

Sales & Book Value

• Annual Sales: $6.71 billion
• Price / Sales: 0.30
• Cash Flow: $6.96 per share
• Price / Cash Flow: 1.87
• Book Value: $11.27 per share
• Price / Book: 1.16

Miscellaneous

• Outstanding Shares: 155,722,000
• Free Float: 153,402,000
• Market Cap: $2.03 billion
• Optionable: Optionable
• Beta: 1.17