Q1 2025 Earnings Forecast for O-I Glass, Inc. (NYSE:OI) Issued By Zacks Research (2024)

O-I Glass, Inc. (NYSE:OI – Free Report) – Investment analysts at Zacks Research decreased their Q1 2025 earnings estimates for O-I Glass in a report issued on Thursday, May 30th. Zacks Research analyst M. Das now forecasts that the industrial products company will post earnings of $0.36 per share for the quarter, down from their previous estimate of $0.37. The consensus estimate for O-I Glass’ current full-year earnings is $1.67 per share. Zacks Research also issued estimates for O-I Glass’ FY2025 earnings at $2.09 EPS and FY2026 earnings at $2.32 EPS.

A number of other analysts have also issued reports on the stock. Barclays lowered their target price on shares of O-I Glass from $18.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, May 6th. Wells Fargo & Company decreased their price objective on O-I Glass from $22.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Bank of America restated a “neutral” rating and issued a $16.00 price objective (down from $21.00) on shares of O-I Glass in a report on Friday, April 19th. StockNews.com downgraded O-I Glass from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Finally, TheStreet downgraded O-I Glass from a “b-” rating to a “c-” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.56.

Check Out Our Latest Analysis on O-I Glass

O-I Glass Stock Up 0.5 %

Shares of OI opened at $12.69 on Monday. The firm has a market capitalization of $1.98 billion, a P/E ratio of -7.98, a P/E/G ratio of 1.24 and a beta of 1.36. O-I Glass has a 12-month low of $12.09 and a 12-month high of $23.57. The company has a current ratio of 1.02, a quick ratio of 0.56 and a debt-to-equity ratio of 2.26. The firm has a fifty day moving average price of $14.47 and a 200-day moving average price of $15.29.

O-I Glass (NYSE:OI – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.36 by $0.09. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.69 billion. O-I Glass had a negative net margin of 3.45% and a positive return on equity of 18.25%. O-I Glass’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 earnings per share.

Hedge Funds Weigh In On O-I Glass

Several hedge funds have recently modified their holdings of OI. Barclays PLC increased its holdings in shares of O-I Glass by 7.3% during the third quarter. Barclays PLC now owns 97,262 shares of the industrial products company’s stock valued at $1,625,000 after acquiring an additional 6,649 shares in the last quarter. New York State Common Retirement Fund boosted its position in O-I Glass by 14.4% in the third quarter. New York State Common Retirement Fund now owns 523,860 shares of the industrial products company’s stock valued at $8,764,000 after buying an additional 65,835 shares during the last quarter. Quantbot Technologies LP boosted its position in O-I Glass by 17.7% in the third quarter. Quantbot Technologies LP now owns 52,988 shares of the industrial products company’s stock valued at $886,000 after buying an additional 7,966 shares during the last quarter. Swiss National Bank boosted its position in O-I Glass by 1.0% in the third quarter. Swiss National Bank now owns 341,324 shares of the industrial products company’s stock valued at $5,710,000 after buying an additional 3,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in O-I Glass by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,516,423 shares of the industrial products company’s stock valued at $25,370,000 after buying an additional 21,415 shares during the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

About O-I Glass

(Get Free Report)

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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