Zacks Research Has Bearish Outlook for O-I Glass Q2 Earnings

O-I Glass, Inc. (NYSE:OI) – Analysts at Zacks Research dropped their Q2 2026 earnings per share estimates for O-I Glass in a research note issued to investors on Tuesday, July 14th. Zacks Research analyst Team now anticipates that the industrial products company will post earnings of $0.27 per share for the quarter, down from their previous estimate of $0.28. Zacks Research has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $1.17 per share. Zacks Research also issued estimates for O-I Glass’ Q3 2026 earnings at $0.51 EPS, Q4 2026 earnings at $0.39 EPS, Q4 2027 earnings at $0.48 EPS and FY2027 earnings at $1.86 EPS.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm earned $0.40 earnings per share. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada reduced their price target on O-I Glass from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. UBS Group dropped their price objective on O-I Glass from $21.00 to $18.00 and set a “buy” rating for the company in a report on Friday, April 10th. Weiss Ratings lowered O-I Glass from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 30th. Truist Financial restated a “buy” rating and set a $14.00 target price (down from $15.00) on shares of O-I Glass in a report on Thursday, April 30th. Finally, Bank of America reiterated an “underperform” rating and issued a $11.00 price target on shares of O-I Glass in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.71.

O-I Glass Stock Performance

O-I Glass stock opened at $8.46 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a 50-day moving average of $9.01 and a 200-day moving average of $11.61. The firm has a market cap of $1.30 billion, a P/E ratio of -6.94, a P/E/G ratio of 1.13 and a beta of 0.62. O-I Glass has a 1-year low of $7.75 and a 1-year high of $16.91.

Insider Activity

In related news, SVP Randolph L. Burns acquired 11,000 shares of the stock in a transaction on Friday, May 8th. The stock was acquired at an average price of $9.32 per share, for a total transaction of $102,520.00. Following the completion of the purchase, the senior vice president owned 133,932 shares of the company’s stock, valued at $1,248,246.24. This represents a 8.95% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Darrow A. Abrahams bought 2,774 shares of the company’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $9.04 per share, for a total transaction of $25,076.96. Following the completion of the acquisition, the senior vice president directly owned 235,928 shares of the company’s stock, valued at approximately $2,132,789.12. This represents a 1.19% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 17,083 shares of company stock worth $157,312. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On O-I Glass

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of O-I Glass by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company’s stock valued at $97,094,000 after acquiring an additional 729,191 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of O-I Glass by 0.7% in the 3rd quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock worth $103,718,000 after purchasing an additional 56,945 shares in the last quarter. Cooper Creek Partners Management LLC raised its stake in shares of O-I Glass by 73.8% in the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock worth $73,636,000 after purchasing an additional 2,975,181 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of O-I Glass by 32.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company’s stock valued at $44,629,000 after purchasing an additional 1,030,705 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of O-I Glass by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,783,387 shares of the industrial products company’s stock valued at $55,852,000 after buying an additional 22,430 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Key O-I Glass News

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

• Positive Sentiment: Zacks Research upgraded O-I Glass from “strong sell” to “hold,” which is helping sentiment around the name. Zacks.com
• Positive Sentiment: Zacks raised its Q2 2026 EPS estimate to $0.27 from $0.26, suggesting slightly better near-term profitability.
• Positive Sentiment: The firm also increased its Q4 2026 EPS estimate to $0.39 from $0.35 and FY2027 EPS to $1.86 from $1.80, signaling stronger longer-term earnings potential.
• Neutral Sentiment: Zacks trimmed its Q3 2026 EPS estimate slightly to $0.51 from $0.52, a minor offset to the more bullish revisions.
• Negative Sentiment: Bank of America reaffirmed an “underperform” rating, and recent coverage points to weak demand and fewer catalysts, which likely capped enthusiasm for the stock. Article

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.