O-I Glass (NYSE:OI) Updates FY 2021 After-Hours Earnings Guidance


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O-I Glass (NYSE:OI) updated its FY 2021
After-Hours earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.55-1.75 for the period, compared to the Thomson Reuters consensus estimate of $1.65. O-I Glass also updated its Q1 2021
After-Hours guidance to 0.32 EPS.

A number of equities analysts have issued reports on the stock. Bank of America upgraded shares of O-I Glass from a neutral rating to a buy rating in a research report on Tuesday, November 24th. Deutsche Bank Aktiengesellschaft cut shares of O-I Glass from a buy rating to a hold rating and decreased their price objective for the company from $15.00 to $14.00 in a research report on Wednesday, January 20th. TheStreet upgraded shares of O-I Glass from a d+ rating to a c+ rating in a research report on Tuesday, October 27th. Citigroup boosted their price target on shares of O-I Glass from $12.50 to $14.00 in a research report on Thursday, February 11th. Finally, UFS cut shares of O-I Glass from a neutral rating to an underperform rating in a research report on Tuesday, November 24th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. O-I Glass currently has an average rating of Hold and a consensus target price of $11.00.

NYSE:OI traded up $0.16 during mid-day trading on Tuesday, hitting $12.43. 1,079,510 shares of the company’s stock were exchanged, compared to its average volume of 976,452. O-I Glass has a one year low of $4.30 and a one year high of $14.45. The company has a debt-to-equity ratio of 19.48, a current ratio of 1.40 and a quick ratio of 0.94. The business has a fifty day moving average price of $13.00 and a 200 day moving average price of $11.73. The company has a market cap of $1.96 billion, a PE ratio of 6.37 and a beta of 1.78.

O-I Glass (NYSE:OI) last posted its quarterly earnings data on Monday, February 8th. The industrial products company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. O-I Glass had a net margin of 4.97% and a return on equity of 88.28%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm posted $0.50 earnings per share. O-I Glass’s quarterly revenue was down 6.3% on a year-over-year basis. On average, equities analysts forecast that O-I Glass will post 1.17 EPS for the current fiscal year.

About O-I Glass

O-I Glass, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.

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