FY2026 EPS Estimates for O-I Glass Lowered by Zacks Research

O-I Glass, Inc. (NYSE:OI) – Zacks Research lowered their FY2026 EPS estimates for O-I Glass in a note issued to investors on Thursday, September 25th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $1.71 for the year, down from their prior forecast of $1.72. The consensus estimate for O-I Glass’ current full-year earnings is $1.33 per share.

O-I Glass (NYSE:OI) last released its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.41 by $0.12. O-I Glass had a positive return on equity of 13.70% and a negative net margin of 3.95%.The business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was down 1.3% compared to the same quarter last year. O-I Glass has set its FY 2025 guidance at 1.300-1.55 EPS.

Several other brokerages have also weighed in on OI. Truist Financial set a $21.00 price objective on shares of O-I Glass and gave the stock a “buy” rating in a report on Friday, July 11th. Wells Fargo & Company reaffirmed a “mixed” rating on shares of O-I Glass in a research report on Monday, August 4th. UBS Group reissued a “buy” rating and issued a $19.00 price objective (up from $17.00) on shares of O-I Glass in a report on Wednesday, July 9th. BNP Paribas Exane started coverage on O-I Glass in a research note on Wednesday, June 25th. They set an “outperform” rating and a $18.00 price objective on the stock. Finally, Bank of America reiterated a “neutral” rating and issued a $17.00 target price (up previously from $15.00) on shares of O-I Glass in a research report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, O-I Glass presently has an average rating of “Moderate Buy” and a consensus price target of $17.00.

O-I Glass Stock Up 2.4%

Shares of NYSE:OI opened at $13.14 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.77 and a debt-to-equity ratio of 3.58. The company has a fifty day simple moving average of $13.24 and a 200 day simple moving average of $13.05. The firm has a market cap of $2.02 billion, a PE ratio of -7.96, a price-to-earnings-growth ratio of 0.25 and a beta of 0.93. O-I Glass has a 12-month low of $9.23 and a 12-month high of $16.04.

Institutional Investors Weigh In On O-I Glass

Large investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its holdings in shares of O-I Glass by 194.6% during the second quarter. Alliancebernstein L.P. now owns 7,939,841 shares of the industrial products company’s stock valued at $117,033,000 after acquiring an additional 5,244,440 shares during the period. Bank of America Corp DE lifted its position in O-I Glass by 222.6% in the 2nd quarter. Bank of America Corp DE now owns 2,206,251 shares of the industrial products company’s stock valued at $32,520,000 after purchasing an additional 1,522,384 shares during the last quarter. MetLife Investment Management LLC boosted its stake in O-I Glass by 1,043.3% during the 1st quarter. MetLife Investment Management LLC now owns 1,074,764 shares of the industrial products company’s stock valued at $12,328,000 after purchasing an additional 980,758 shares during the period. Nuveen LLC acquired a new position in O-I Glass during the 1st quarter valued at about $10,738,000. Finally, JPMorgan Chase & Co. grew its position in O-I Glass by 123.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,145,980 shares of the industrial products company’s stock worth $16,892,000 after purchasing an additional 633,875 shares during the last quarter. 97.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at O-I Glass

In related news, CEO Gordon Hardie bought 8,000 shares of the stock in a transaction dated Tuesday, August 5th. The stock was bought at an average cost of $13.10 per share, with a total value of $104,800.00. Following the completion of the acquisition, the chief executive officer owned 515,817 shares of the company’s stock, valued at $6,757,202.70. This trade represents a 1.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Darrow A. Abrahams purchased 3,828 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were bought at an average price of $13.05 per share, for a total transaction of $49,955.40. Following the completion of the transaction, the senior vice president directly owned 184,447 shares in the company, valued at approximately $2,407,033.35. This trade represents a 2.12% increase in their position. The disclosure for this purchase can be found here. 0.93% of the stock is currently owned by corporate insiders.

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.