O-I Glass (NYSE:OI - Get Free Report) issued its quarterly earnings results on Tuesday. The industrial products company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.02, Zacks reports. O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. O-I Glass updated its FY 2025 guidance to 1.200-1.500 EPS.
O-I Glass Trading Down 4.5 %
Shares of OI traded down $0.54 during trading hours on Thursday, hitting $11.52. 2,149,281 shares of the stock traded hands, compared to its average volume of 1,526,383. The business has a fifty day moving average of $11.08 and a 200-day moving average of $11.96. The firm has a market capitalization of $1.78 billion, a PE ratio of -4.17 and a beta of 1.22. O-I Glass has a 1-year low of $9.85 and a 1-year high of $17.58. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on OI shares. Citigroup cut their price objective 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. 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 O-I Glass from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Bank of America lifted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Finally, Barclays decreased their price target on 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.38.
View Our Latest Research Report on OI
About O-I Glass
(
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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.
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