O-I Glass (NYSE:OI - Get Free Report) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.20-1.50 for the period, compared to the consensus estimate of $1.34.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on OI. Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 price target on shares of O-I Glass in a research report on Monday. Wells Fargo & Company dropped their target price on O-I Glass from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Citigroup reduced their price target on 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, Bank of America raised their price objective 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. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, O-I Glass currently has an average rating of "Moderate Buy" and a consensus target price of $15.38.
Read Our Latest Report on OI
O-I Glass Price Performance
Shares of O-I Glass stock traded up $0.39 on Monday, reaching $12.06. The company's stock had a trading volume of 1,720,674 shares, compared to its average volume of 1,512,481. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The company has a market capitalization of $1.86 billion, a P/E ratio of -16.98, a PEG ratio of 0.24 and a beta of 1.20. The stock has a 50-day moving average price of $11.24 and a 200-day moving average price of $11.88. O-I Glass has a 52-week low of $9.85 and a 52-week high of $17.58.
O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, topping the consensus estimate 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%. Analysts expect that O-I Glass will post 1.33 EPS for the current year.
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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