What is Zacks Research’s Forecast for O-I Glass Q4 Earnings?

O-I Glass, Inc. (NYSE:OI) – Stock analysts at Zacks Research dropped their Q4 2024 earnings estimates for shares of O-I Glass in a research note issued on Wednesday, December 18th. Zacks Research analyst M. Das now anticipates that the industrial products company will earn ($0.10) per share for the quarter, down from their prior forecast of ($0.08). The consensus estimate for O-I Glass’ current full-year earnings is $0.76 per share. Zacks Research also issued estimates for O-I Glass’ Q2 2025 earnings at $0.33 EPS and Q4 2025 earnings at $0.37 EPS.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.76 billion. O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share.

Several other equities research analysts also recently weighed in on the company. Royal Bank of Canada lowered their price target on O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Citigroup upped their target price on O-I Glass from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Barclays reduced their target price on O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Bank of America upgraded O-I Glass from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $16.00 in a research note on Thursday, October 17th. Finally, StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.25.

O-I Glass Stock Performance

Shares of OI stock opened at $10.20 on Monday. O-I Glass has a 12-month low of $9.85 and a 12-month high of $17.58. The business’s fifty day simple moving average is $12.15 and its 200-day simple moving average is $12.05. The company has a current ratio of 1.23, a quick ratio of 0.77 and a debt-to-equity ratio of 3.18. The company has a market cap of $1.58 billion, a PE ratio of -3.70 and a beta of 1.20.

Institutional Trading of O-I Glass

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Everence Capital Management Inc. lifted its holdings in O-I Glass by 6.1% in the 3rd quarter. Everence Capital Management Inc. now owns 15,550 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 890 shares in the last quarter. Diversified Trust Co lifted its stake in shares of O-I Glass by 2.0% in the third quarter. Diversified Trust Co now owns 49,596 shares of the industrial products company’s stock worth $651,000 after buying an additional 965 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in O-I Glass by 28.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 1,136 shares in the last quarter. Mackenzie Financial Corp raised its holdings in O-I Glass by 6.1% in the 2nd quarter. Mackenzie Financial Corp now owns 20,091 shares of the industrial products company’s stock valued at $224,000 after acquiring an additional 1,162 shares during the last quarter. Finally, KBC Group NV lifted its stake in O-I Glass by 38.9% in the 3rd quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock worth $71,000 after purchasing an additional 1,521 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

O-I Glass Company Profile

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.