FY2026 Earnings Estimate for O-I Glass, Inc. (NYSE:OI) Issued By Zacks Research

O-I Glass, Inc. (NYSE:OI) – Investment analysts at Zacks Research dropped their FY2026 earnings per share estimates for O-I Glass in a research note issued to investors on Wednesday, June 26th. Zacks Research analyst M. Das now anticipates that the industrial products company will earn $2.31 per share for the year, down from their previous forecast of $2.32. The consensus estimate for O-I Glass’ current full-year earnings is $1.67 per share.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.36 by $0.09. The company had revenue of $1.59 billion for 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%. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.29 EPS.

Several other research analysts also recently commented on the stock. Wells Fargo & Company decreased their target price on shares of O-I Glass from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Royal Bank of Canada decreased their price objective on shares of O-I Glass from $25.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. Bank of America reiterated a “neutral” rating and set a $16.00 target price (down from $21.00) on shares of O-I Glass in a report on Friday, April 19th. Truist Financial restated a “buy” rating and set a $17.00 price target (down previously from $20.00) on shares of O-I Glass in a report on Thursday, May 2nd. Finally, Barclays lowered their price target on O-I Glass from $18.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, May 6th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.56.

O-I Glass Trading Down 0.2 %

OI opened at $10.99 on Friday. O-I Glass has a 12 month low of $10.78 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 business’s 50-day moving average price is $12.83 and its 200-day moving average price is $14.84.

Institutional Trading of O-I Glass

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of O-I Glass by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 19,362,262 shares of the industrial products company’s stock valued at $321,220,000 after purchasing an additional 221,823 shares during the period. Dimensional Fund Advisors LP raised its holdings in O-I Glass by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,615,054 shares of the industrial products company’s stock worth $108,358,000 after purchasing an additional 728,493 shares in the last quarter. Levin Capital Strategies L.P. lifted its position in O-I Glass by 66.0% during the first quarter. Levin Capital Strategies L.P. now owns 2,808,105 shares of the industrial products company’s stock valued at $46,586,000 after buying an additional 1,116,340 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of O-I Glass by 32.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,644,360 shares of the industrial products company’s stock valued at $43,870,000 after buying an additional 641,493 shares in the last quarter. Finally, Luminus Management LLC grew its position in shares of O-I Glass by 69.4% in the 3rd quarter. Luminus Management LLC now owns 2,140,678 shares of the industrial products company’s stock worth $35,814,000 after buying an additional 877,172 shares during the period. 97.24% of the stock is owned by institutional investors.

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.