O-I Glass, Inc. (NYSE:OI – Free Report) – 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 – Get Free Report) 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.
Read Our Latest Report on O-I Glass
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.
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