Zacks Research Has Pessimistic View of O-I Glass Q3 Earnings

O-I Glass, Inc. (NYSE:OI - Free Report) - Analysts at Zacks Research reduced their Q3 2025 earnings estimates for O-I Glass in a research note issued to investors on Tuesday, February 18th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $0.52 per share for the quarter, down from their previous estimate of $0.56. The consensus estimate for O-I Glass' current full-year earnings is $1.33 per share. Zacks Research also issued estimates for O-I Glass' FY2025 earnings at $1.35 EPS.

Several other research analysts have also commented on OI. Wells Fargo & Company reduced their price target 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. Citigroup cut their price target on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Barclays cut 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 report on Thursday, October 31st. Royal Bank of Canada lowered their target price on O-I Glass from $18.00 to $16.00 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Finally, Bank of America lifted their target price on shares of O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.38.

O-I Glass Stock Down 4.2 %

NYSE:OI traded down $0.49 during trading hours on Thursday, reaching $11.27. The company's stock had a trading volume of 1,909,570 shares, compared to its average volume of 1,527,456. The company has a market capitalization of $1.74 billion, a P/E ratio of -15.87, a price-to-earnings-growth ratio of 0.24 and a beta of 1.22. O-I Glass has a 12 month low of $9.85 and a 12 month high of $17.58. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. The stock has a 50 day moving average price of $10.96 and a two-hundred day moving average price of $11.96.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, beating 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%.

Institutional Trading of O-I Glass

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbor Capital Advisors Inc. purchased a new stake in shares of O-I Glass during the third quarter worth about $27,000. R Squared Ltd purchased a new stake in O-I Glass during the 4th quarter worth approximately $45,000. Sterling Capital Management LLC increased its stake in O-I Glass by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock worth $53,000 after buying an additional 4,343 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in O-I Glass by 28.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company's stock valued at $67,000 after purchasing an additional 1,136 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of O-I Glass by 38.9% in the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company's stock worth $71,000 after buying an additional 1,521 shares in the last quarter. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

O-I Glass Company Profile

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.