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

O-I Glass (NYSE:OI - Get Free Report) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $1.60 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

O-I Glass (NYSE:OI - Get Free Report) last posted 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). O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm earned $0.80 EPS. The company's revenue was down 3.7% on a year-over-year basis. 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 Trading Up 0.0 %

OI stock traded up $0.01 during mid-day trading on Friday, reaching $11.89. 1,110,711 shares of the stock traded hands, compared to its average volume of 1,346,892. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.77 and a current ratio of 1.23. O-I Glass has a one year low of $9.85 and a one year high of $17.58. The stock has a market capitalization of $1.84 billion, a PE ratio of -4.31 and a beta of 1.21. The business has a 50-day moving average price of $11.16 and a two-hundred day moving average price of $11.95.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OI. Wells Fargo & Company reduced their target price on shares of O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Citigroup reduced their price target 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. StockNews.com raised shares of O-I Glass from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th. Barclays dropped 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. Finally, Bank of America lifted their target price 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, O-I Glass currently has an average rating of "Moderate Buy" and an average price target of $15.38.

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.