Q3 Earnings Forecast for O-I Glass Issued By Zacks Research

O-I Glass, Inc. (NYSE:OI) – Stock analysts at Zacks Research increased their Q3 2027 earnings per share estimates for shares of O-I Glass in a report issued on Tuesday, September 29th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings per share of $0.40 for the quarter, up from their prior estimate of $0.36. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $0.37 per share. Zacks Research also issued estimates for O-I Glass’ Q4 2027 earnings at $0.38 EPS and FY2027 earnings at $1.40 EPS.

Other equities research analysts have also issued research reports about the stock. UBS Group decreased their price objective on shares of O-I Glass from $15.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Bank of America restated an “underperform” rating and issued a $11.00 target price on shares of O-I Glass in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 16th. Truist Financial decreased their price target on shares of O-I Glass from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, BNP Paribas Exane downgraded shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price target for the company. in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.31.

O-I Glass Trading Down 0.8%

NYSE OI opened at $5.61 on Thursday. The company’s 50-day moving average price is $6.81 and its 200-day moving average price is $8.58. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 8.89. The stock has a market cap of $861.26 million, a PE ratio of -0.75, a PEG ratio of 2.10 and a beta of 0.68. O-I Glass has a 12 month low of $5.51 and a 12 month high of $16.91.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.15). O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. The business had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same period last year, the company earned $0.53 EPS. The business’s revenue was down 2.2% compared to the same quarter last year.

Institutional Trading of O-I Glass

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in O-I Glass during the 2nd quarter valued at about $225,727,000. Dimensional Fund Advisors LP lifted its position in shares of O-I Glass by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company’s stock worth $97,094,000 after purchasing an additional 729,191 shares during the period. Cooper Creek Partners Management LLC lifted its position in shares of O-I Glass by 73.8% in the 1st quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock worth $73,636,000 after purchasing an additional 2,975,181 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of O-I Glass by 32.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company’s stock valued at $44,629,000 after purchasing an additional 1,030,705 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of O-I Glass by 15.6% during the first quarter. Bank of America Corp DE now owns 3,563,497 shares of the industrial products company’s stock valued at $37,452,000 after purchasing an additional 479,608 shares in the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

O-I Glass News Roundup

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Zacks raised its FY2027 EPS forecast to $1.40 from $1.33, increased Q1 2027 estimates to $0.24 from $0.20, and lifted Q2 2027 estimates to $0.38 from $0.36. It also raised Q3 and Q4 2027 forecasts to $0.40 and $0.38, respectively. O-I Glass Stock Gets Higher EPS Forecast from Zacks Research
• Neutral Sentiment: Zacks kept its Hold rating on O-I Glass. The current-year consensus EPS estimate remains $0.37, offering limited evidence of an immediate earnings catalyst.
• Negative Sentiment: Zacks cut its FY2028 EPS forecast to $2.67 from $2.78. Estimates were also reduced for Q1 2028 to $0.64 from $0.68, Q2 2028 to $0.72 from $0.79, and Q3 2028 to $0.74 from $0.76. These reductions suggest analysts see softer longer-term profitability than previously expected.
• Negative Sentiment: O-I Glass remains financially pressured: its latest reported quarter missed EPS expectations, revenue declined year over year, and the company has a high debt-to-equity ratio of 8.89. Shares are trading well below their 50-day and 200-day moving averages and close to the one-year low, reinforcing investor concerns about leverage and earnings momentum.

O-I Glass Company Profile

O-I Glass, Inc (NYSE: OI) is a global manufacturer of glass packaging. The company produces glass bottles and jars for food, beverages, beer, wine, spirits, pharmaceuticals and other consumer products, serving brand owners and manufacturers that use glass containers for packaging.

The company operates glass-container manufacturing facilities and provides related design, engineering and packaging services. Its products are used across a range of markets and geographies, including North and South America, Europe and other international markets.