O-I Glass (NYSE:OI - Get Free Report) will likely be releasing its Q4 2024 earnings data after the market closes on Tuesday, February 4th. Analysts expect O-I Glass to post earnings of ($0.07) per share and revenue of $1.60 billion for the quarter. O-I Glass has set its FY 2025 guidance at 1.200-1.500 EPS.Parties that wish to listen to the company's conference call can do so using this link.
O-I Glass (NYSE:OI - Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.02. O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. 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 2.8 %
Shares of NYSE OI traded up $0.33 during midday trading on Wednesday, hitting $12.06. The company's stock had a trading volume of 3,616,643 shares, compared to its average volume of 1,499,302. O-I Glass has a 12-month low of $9.85 and a 12-month high of $17.58. The business's 50 day moving average is $11.08 and its two-hundred day moving average is $11.96. The firm has a market cap of $1.87 billion, a P/E ratio of -4.37 and a beta of 1.22. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Wells Fargo & Company decreased their price target on O-I Glass from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Royal Bank of Canada reduced their price target on shares of O-I Glass from $18.00 to $16.00 and set an "outperform" rating on the stock in a research report on Friday, November 1st. 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. Citigroup dropped their price objective on O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Finally, StockNews.com raised shares of O-I Glass from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $15.38.
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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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