O-I Glass Stock Earnings Estimates Boosted by Zacks Research

O-I Glass, Inc. (NYSE:OI) – Equities research analysts at Zacks Research boosted their Q3 2027 earnings per share (EPS) estimates for shares of O-I Glass in a research report issued on Tuesday, September 29th. Zacks Research analyst Team now forecasts 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 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.

O-I Glass (NYSE:OI) last released its earnings results 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 firm had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the firm posted $0.53 EPS. The company’s revenue was down 2.2% on a year-over-year basis.

A number of other brokerages have also commented on OI. Bank of America reissued an “underperform” rating and issued a $11.00 price objective on shares of O-I Glass in a research report on Tuesday, July 14th. Citigroup upgraded shares of O-I Glass from a “neutral” rating to a “buy” rating and lifted their price target for the company from $8.00 to $9.00 in a research note on Friday, August 21st. BNP Paribas Exane cut shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 price target on the stock. in a research report on Thursday, July 30th. UBS Group decreased their price objective on shares of O-I Glass from $15.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company dropped their price objective on shares of O-I Glass from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $10.31.

O-I Glass Price Performance

Shares of OI opened at $5.65 on Thursday. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 8.89. O-I Glass has a twelve month low of $5.51 and a twelve month high of $16.91. The stock has a market capitalization of $868.64 million, a P/E ratio of -0.75, a P/E/G ratio of 2.10 and a beta of 0.68. The company has a 50 day moving average of $6.88 and a 200-day moving average of $8.60.

Institutional Trading of O-I Glass

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in O-I Glass in the 2nd quarter valued at $225,727,000. Bank of America Corp DE acquired a new position in O-I Glass in the 2nd quarter valued at $33,436,000. Cooper Creek Partners Management LLC increased its position in O-I Glass by 73.8% during 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 buying an additional 2,975,181 shares during the period. Edmond DE Rothschild Holding S.A. bought a new position in O-I Glass during the 2nd quarter worth $19,260,000. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of O-I Glass during the fourth quarter worth $25,064,000. 97.24% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting O-I Glass

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 its Q3 2027 estimate to $0.40 from $0.36, and lifted its Q4 2027 estimate to $0.38 from $0.37. These revisions suggest improved profitability expectations beyond the current year. O-I Glass Stock Gets Higher EPS Forecast from Zacks Research
• Positive Sentiment: Zacks also raised its FY2028 EPS forecast to $2.78 from $2.67, while increasing Q1 2028 EPS to $0.68 from $0.67 and Q2 2028 EPS to $0.79 from $0.75. The longer-term upgrades could support the stock if investors believe the company’s earnings recovery is achievable.
• Neutral Sentiment: Zacks maintained a “Hold” rating on O-I Glass. The unchanged rating indicates that, despite better long-term estimates, analysts do not yet see enough evidence to recommend buying the shares.
• Negative Sentiment: Near-term forecasts were reduced: FY2026 EPS fell to $0.21 from $0.26, Q3 2026 EPS to $0.03 from $0.07, Q4 2026 EPS to $0.03 from $0.05, Q1 2027 EPS to $0.20 from $0.24, and Q2 2027 EPS to $0.36 from $0.38. These cuts point to continued earnings pressure before the projected recovery.

O-I Glass Company Profile

O-I Glass, Inc (NYSE: OI) is a global manufacturer of glass packaging. The company produces bottles and jars primarily for the food, beverage, beer, wine, spirits, and nonalcoholic beverage industries, as well as containers for certain pharmaceutical and other consumer products.

O-I Glass provides packaging solutions that include container design, lightweighting, glass decoration, and related technical services. Its products are made from glass, a material that can be recycled repeatedly without loss of quality, supporting the company’s focus on recyclable and more sustainable packaging.

The company traces its history to the Owens Bottle Company, founded in 1903, and later became known as Owens-Illinois before adopting the O-I Glass name.