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

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Bank of America reissued a “neutral” rating and set a $17.00 price objective (up from $15.00) on shares of O-I Glass in a report on Wednesday, July 9th. Wall Street Zen downgraded shares of O-I Glass from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of O-I Glass in a research report on Wednesday, October 8th. UBS Group reiterated 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. Finally, Truist Financial reduced their price target on shares of O-I Glass from $21.00 to $17.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.56.

O-I Glass Trading Up 15.1%

NYSE:OI traded up $1.78 on Wednesday, hitting $13.58. 2,250,555 shares of the stock were exchanged, compared to its average volume of 1,534,407. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -8.23, a P/E/G ratio of 0.22 and a beta of 0.93. O-I Glass has a 52 week low of $9.23 and a 52 week high of $16.04. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.77 and a current ratio of 1.24. The company’s 50-day moving average price is $12.51 and its 200 day moving average price is $13.26.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Wednesday, March 1st. The industrial products company reported $0.36 earnings per share for the quarter. The firm had revenue of $1.59 billion during the quarter. O-I Glass had a positive return on equity of 13.70% and a negative net margin of 3.95%. On average, equities research analysts forecast that O-I Glass will post 1.33 earnings per share for the current year.

Institutional Trading of O-I Glass

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its stake in shares of O-I Glass by 64.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 918 shares during the last quarter. Amundi grew its position in shares of O-I Glass by 1.4% in the 2nd quarter. Amundi now owns 75,483 shares of the industrial products company’s stock valued at $1,175,000 after purchasing an additional 1,031 shares during the period. Osaic Holdings Inc. grew its position in shares of O-I Glass by 29.7% in the 2nd quarter. Osaic Holdings Inc. now owns 6,779 shares of the industrial products company’s stock valued at $100,000 after purchasing an additional 1,554 shares during the period. California State Teachers Retirement System grew its position in shares of O-I Glass by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 143,520 shares of the industrial products company’s stock valued at $2,115,000 after purchasing an additional 1,952 shares during the period. Finally, Headlands Technologies LLC acquired a new position in O-I Glass during the 2nd quarter worth approximately $29,000. 97.24% of the stock is owned by institutional investors.

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.