O-I Glass (NYSE:OI) issued an update on its FY 2021
After-Hours earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.55-1.75 for the period, compared to the Thomson Reuters consensus estimate of $1.65. O-I Glass also updated its Q1 2021
After-Hours guidance to 0.32 EPS.
Shares of OI stock traded up $0.16 on Tuesday, hitting $12.43. The company’s stock had a trading volume of 1,082,613 shares, compared to its average volume of 976,452. The company has a debt-to-equity ratio of 19.48, a current ratio of 1.40 and a quick ratio of 0.94. O-I Glass has a fifty-two week low of $4.30 and a fifty-two week high of $14.45. The firm’s fifty day moving average price is $13.00 and its 200-day moving average price is $11.73. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 6.37 and a beta of 1.78.
O-I Glass (NYSE:OI) last released its quarterly earnings data on Monday, February 8th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. O-I Glass had a net margin of 4.97% and a return on equity of 88.28%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business earned $0.50 EPS. O-I Glass’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts predict that O-I Glass will post 1.17 EPS for the current fiscal year.
OI has been the subject of several analyst reports. Bank of America raised shares of O-I Glass from a neutral rating to a buy rating in a research note on Tuesday, November 24th. Deutsche Bank Aktiengesellschaft downgraded shares of O-I Glass from a buy rating to a hold rating and dropped their target price for the stock from $15.00 to $14.00 in a report on Wednesday, January 20th. TheStreet upgraded shares of O-I Glass from a d+ rating to a c+ rating in a report on Tuesday, October 27th. Citigroup lifted their target price on shares of O-I Glass from $12.50 to $14.00 in a report on Thursday, February 11th. Finally, UFS downgraded shares of O-I Glass from a neutral rating to an underperform rating in a report on Tuesday, November 24th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $11.00.
O-I Glass Company Profile
O-I Glass, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.
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