O-I Glass (NYSE:OI) Announces Quarterly Earnings Results, Misses Expectations By $0.25 EPS

O-I Glass (NYSE:OI) posted its earnings results on Tuesday. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.25), FiscalAI reports. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.64 billion. O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. O-I Glass’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS.

O-I Glass Stock Performance

NYSE OI traded down $0.30 on Thursday, hitting $5.33. 1,502,001 shares of the company traded hands, compared to its average volume of 2,904,313. The company has a market capitalization of $819.16 million, a price-to-earnings ratio of -0.71, a P/E/G ratio of 2.49 and a beta of 0.68. 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 business’s 50 day moving average price is $6.33 and its 200-day moving average price is $9.64. O-I Glass has a 52-week low of $5.30 and a 52-week high of $16.91.

Key Stories Impacting O-I Glass

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

• Positive Sentiment: Truist maintains a Buy rating: Truist Financial lowered its price target from $8 to $7 but still sees approximately 31% upside from the referenced share price. The target reduction signals more cautious expectations, while the retained Buy rating offers some support. Truist Securities Adjusts Price Target on O-I Glass
• Positive Sentiment: Cost-saving program is progressing: O-I Glass generated approximately $50 million of “Fit to Win” benefits in the third quarter and $135 million year to date. Management is targeting at least $650 million of cumulative benefits by the end of 2027, which could help offset weak demand and inflation over time. O-I Glass Updates EBITDA Outlook
• Neutral Sentiment: Liquidity remains substantial: O-I Glass ended the quarter with approximately $1.5 billion of liquidity. However, its highly leveraged balance sheet means investors are likely to focus on cash generation and debt reduction. O-I Glass Reports Third-Quarter Loss
• Negative Sentiment: Quarterly results missed expectations: O-I reported an adjusted loss of $0.09 per share, compared with consensus expectations for a profit, while revenue declined 1.8% year over year to $1.623 billion. Results also deteriorated from $0.48 per share of earnings in the prior-year quarter. O-I Glass Reports Q3 Loss
• Negative Sentiment: Europe was the main weakness: European sales fell to $634 million from $688 million, while segment operating profit plunged to $2 million from $95 million. O-I cited soft demand, energy and freight inflation, and a slower-than-expected regional recovery.
• Negative Sentiment: 2026 outlook was cut: Management now expects adjusted EBITDA of $925 million to $950 million and approximately $300 million of free-cash-flow use. The company also anticipates $100 million to $120 million of fourth-quarter charges tied to a proposed permanent European plant closure. O-I Glass Cuts 2026 Outlook

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OI shares. Robert W. Baird set a $13.00 price objective on shares of O-I Glass in a research report on Thursday, July 30th. UBS Group cut O-I Glass from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $11.00 to $6.00 in a research report on Monday, October 5th. Truist Financial lowered their target price on O-I Glass from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday. Weiss Ratings cut O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, October 21st. Finally, Wells Fargo & Company cut their price target on O-I Glass from $12.00 to $10.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $8.94.

About O-I Glass

O-I Glass, Inc is a global manufacturer of glass packaging products. The company produces glass bottles and jars primarily for the food, beverage, beer, wine, spirits, and pharmaceutical industries, serving brand owners and consumer-products companies.

Its products are designed to provide packaging, preservation, and presentation for a range of consumer goods. O-I also offers glass packaging in various shapes, sizes, and colors, including custom solutions developed for individual brands.

The company traces its history to the Owens Bottle Company, founded in 1903, and the Illinois Glass Company.