Zacks Research Has Bearish Outlook for O-I Glass Q3 Earnings

O-I Glass, Inc. (NYSE:OI) – Equities researchers at Zacks Research lowered their Q3 2026 earnings per share estimates for O-I Glass in a research report issued on Thursday, August 27th. Zacks Research analyst Team now anticipates that the industrial products company will earn $0.07 per share for the quarter, down from their previous forecast of $0.14. Zacks Research has a “Hold” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $0.42 per share. Zacks Research also issued estimates for O-I Glass’ Q4 2026 earnings at $0.05 EPS, FY2026 earnings at $0.26 EPS, Q1 2027 earnings at $0.24 EPS, Q2 2027 earnings at $0.38 EPS, Q1 2028 earnings at $0.67 EPS, Q2 2028 earnings at $0.75 EPS and FY2028 earnings at $2.67 EPS.

Several other analysts have also weighed in on the stock. Bank of America reaffirmed an “underperform” rating and set a $11.00 price objective on shares of O-I Glass in a report on Tuesday, July 14th. Truist Financial reduced their target price on O-I Glass from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. BNP Paribas Exane lowered 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. Weiss Ratings upgraded O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Finally, UBS Group dropped their price target on O-I Glass from $15.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.31.

O-I Glass Trading Down 3.3%

Shares of OI stock opened at $7.20 on Friday. The company has a market capitalization of $1.11 billion, a P/E ratio of -0.96, a P/E/G ratio of 2.41 and a beta of 0.66. O-I Glass has a 12-month low of $6.29 and a 12-month high of $16.91. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 8.89. The firm has a 50-day moving average price of $8.36 and a 200 day moving average price of $9.87.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). The company had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.68 billion. O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. The firm’s revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share.

Institutional Trading of O-I Glass

A number of hedge funds and other institutional investors have recently modified their holdings of OI. Farther Finance Advisors LLC boosted its position in O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after buying an additional 830 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of O-I Glass during the second quarter valued at $29,000. Quarry LP bought a new position in O-I Glass in the fourth quarter valued at about $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in O-I Glass by 36,533.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 2,192 shares during the last quarter. Finally, State of Wyoming acquired a new stake in O-I Glass in the second quarter worth about $35,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

About O-I Glass

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.