O-I Glass (NYSE:OI) Updates FY 2026 Earnings Guidance

O-I Glass (NYSE:OI) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.000-1.500 for the period, compared to the consensus earnings per share estimate of 1.660. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group reduced their price objective on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Truist Financial reaffirmed a “buy” rating and issued a $14.00 price objective (down from $15.00) on shares of O-I Glass in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of O-I Glass in a research note on Tuesday, April 21st. Wells Fargo & Company downgraded O-I Glass from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $18.00 to $13.00 in a research note on Friday, March 20th. Finally, Wall Street Zen downgraded O-I Glass from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.56.

O-I Glass Trading Up 2.0%

Shares of NYSE OI traded up $0.18 during trading hours on Thursday, hitting $8.83. 2,427,670 shares of the company traded hands, compared to its average volume of 2,198,302. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -10.51, a price-to-earnings-growth ratio of 0.89 and a beta of 0.84. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 3.35. The company’s 50 day moving average price is $11.26 and its 200 day moving average price is $13.15. O-I Glass has a 12 month low of $8.00 and a 12 month high of $16.91.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.48 billion. O-I Glass had a negative net margin of 2.01% and a positive return on equity of 18.07%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, equities research analysts anticipate that O-I Glass will post 1.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On O-I Glass

A number of institutional investors and hedge funds have recently modified their holdings of the business. Corient Private Wealth LLC lifted its stake in shares of O-I Glass by 6.0% during the 4th quarter. Corient Private Wealth LLC now owns 18,694 shares of the industrial products company’s stock worth $277,000 after acquiring an additional 1,062 shares during the last quarter. Virtu Financial LLC purchased a new position in O-I Glass during the 4th quarter worth $228,000. Invesco Ltd. increased its holdings in O-I Glass by 18.7% during the 4th quarter. Invesco Ltd. now owns 1,269,236 shares of the industrial products company’s stock worth $18,734,000 after purchasing an additional 199,938 shares during the period. XTX Topco Ltd increased its holdings in O-I Glass by 22.5% during the 4th quarter. XTX Topco Ltd now owns 24,095 shares of the industrial products company’s stock worth $356,000 after purchasing an additional 4,425 shares during the period. Finally, Voloridge Investment Management LLC purchased a new position in O-I Glass during the 4th quarter worth $1,917,000. 97.24% of the stock is owned by institutional investors.

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.