O-I Glass (NYSE:OI) Releases FY 2025 Earnings Guidance

O-I Glass (NYSE:OI) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.550-1.650 for the period, compared to the consensus estimate of 1.470. The company issued revenue guidance of -.

Analysts Set New Price Targets

A number of brokerages have weighed in on OI. Wall Street Zen lowered O-I Glass from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Bank of America reissued 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of O-I Glass in a research report on Wednesday, October 8th. Zacks Research lowered shares of O-I Glass from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 25th. Finally, UBS Group reaffirmed a “buy” rating and set a $19.00 price target (up previously from $17.00) on shares of O-I Glass in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.56.

O-I Glass Price Performance

OI stock traded up $0.07 during midday trading on Tuesday, hitting $11.83. The company’s stock had a trading volume of 2,183,948 shares, compared to its average volume of 1,531,949. O-I Glass has a 12 month low of $9.23 and a 12 month high of $16.04. The company has a quick ratio of 0.77, a current ratio of 1.24 and a debt-to-equity ratio of 3.58. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -7.17, a price-to-earnings-growth ratio of 0.22 and a beta of 0.93. The company has a 50 day moving average of $12.54 and a two-hundred day moving average of $13.26.

O-I Glass (NYSE:OI) last posted its quarterly earnings results on Wednesday, March 1st. The industrial products company reported $0.36 earnings per share for the quarter. 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 $1.59 billion during the quarter. On average, analysts expect that O-I Glass will post 1.33 EPS for the current year.

Institutional Trading of O-I Glass

Several hedge funds have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in O-I Glass in the second quarter worth $29,000. State of Wyoming purchased a new stake in O-I Glass in the second quarter worth $35,000. Smartleaf Asset Management LLC increased its stake in O-I Glass by 64.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 918 shares during the period. Osaic Holdings Inc. increased its stake in O-I Glass by 29.7% in the second quarter. Osaic Holdings Inc. now owns 6,779 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 1,554 shares during the period. Finally, United Services Automobile Association purchased a new stake in O-I Glass in the first quarter worth $119,000. 97.24% of the stock is owned by hedge funds and other 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.