Equities Analysts Set Expectations for O-I Glass Q2 Earnings

O-I Glass, Inc. (NYSE:OI) – Equities researchers at Zacks Research upped their Q2 2027 EPS estimates for shares of O-I Glass in a note issued to investors on Friday, June 19th. Zacks Research analyst Team now expects that the industrial products company will post earnings per share of $0.49 for the quarter, up from their prior forecast of $0.46. Zacks Research currently has a “Strong Sell” rating on the stock. The consensus estimate for O-I Glass’ current full-year earnings is $1.20 per share. Zacks Research also issued estimates for O-I Glass’ Q4 2027 earnings at $0.43 EPS, FY2027 earnings at $1.80 EPS and Q1 2028 earnings at $0.65 EPS.

OI has been the subject of a number of other research reports. Royal Bank Of Canada set a $14.00 price objective on shares of O-I Glass in a research report on Friday, April 17th. UBS Group dropped their target price on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Wells Fargo & Company lowered O-I Glass from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $18.00 to $13.00 in a research note on Friday, March 20th. Truist Financial restated a “buy” rating and issued a $14.00 price target (down from $15.00) on shares of O-I Glass in a research note on Thursday, April 30th. Finally, Citigroup reduced their price target on O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, O-I Glass has a consensus rating of “Hold” and an average target price of $15.50.

O-I Glass Stock Up 0.3%

OI stock opened at $9.15 on Wednesday. The firm has a market cap of $1.40 billion, a PE ratio of -7.50, a P/E/G ratio of 1.04 and a beta of 0.63. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.73 and a current ratio of 1.26. The firm’s fifty day moving average is $9.23 and its 200 day moving average is $12.16. O-I Glass has a one year low of $7.75 and a one year high of $16.91.

O-I Glass (NYSE:OI) last posted 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). O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $0.40 earnings per share. O-I Glass’s revenue for the quarter 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.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in O-I Glass by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company’s stock worth $250,959,000 after buying an additional 691,989 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 during the last quarter. Alliancebernstein L.P. raised its holdings in shares of O-I Glass by 0.7% during the third quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock valued at $103,718,000 after acquiring an additional 56,945 shares during the last quarter. Cooper Creek Partners Management LLC lifted its position 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 valued at $73,636,000 after acquiring an additional 2,975,181 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of O-I Glass by 32.1% in 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 acquiring an additional 1,030,705 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Darrow A. Abrahams bought 2,774 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $9.04 per share, for a total transaction of $25,076.96. Following the completion of the transaction, the senior vice president directly owned 235,928 shares in the company, valued at $2,132,789.12. This trade represents a 1.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Eduardo Restrepo bought 3,309 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $8.98 per share, with a total value of $29,714.82. Following the purchase, the senior vice president directly owned 94,199 shares of the company’s stock, valued at approximately $845,907.02. This represents a 3.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders purchased 17,083 shares of company stock worth $157,312. Company insiders own 1.00% of the company’s stock.

Key Headlines Impacting O-I Glass

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

• Positive Sentiment: Zacks Research raised its EPS estimates for several future periods, including Q2 2027 to $0.49 from $0.46, Q4 2027 to $0.43 from $0.38, and FY2027 to $1.80 from $1.78, suggesting improving profitability expectations for O-I Glass. O-I Glass stock page
• Positive Sentiment: The most recent estimate for Q1 2028 EPS was lifted to $0.65 from $0.55, another sign analysts see earnings momentum extending into 2028. O-I Glass stock page
• Neutral Sentiment: Zacks Research also trimmed some nearer-term estimates, including Q2 2026 to $0.28 from $0.29, Q3 2026 to $0.52 from $0.53, and Q1 2027 to $0.34 from $0.35, indicating the outlook remains mixed in the shorter term. O-I Glass stock page
• Neutral Sentiment: The analyst retained a Strong Sell rating, which may limit enthusiasm despite the higher forecast numbers. O-I Glass stock page

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.