O-I Glass (NYSE:OI – Get Rating) updated its second quarter 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.65- for the period, compared to the consensus estimate of $0.58. The company issued revenue guidance of -.
Several research firms have weighed in on OI. StockNews.com raised O-I Glass from a hold rating to a buy rating in a research report on Friday, May 6th. Barclays boosted their price target on O-I Glass from $14.00 to $15.00 in a research report on Monday, May 2nd. Bank of America raised O-I Glass from a neutral rating to a buy rating and boosted their target price for the stock from $15.00 to $19.00 in a report on Friday, May 27th. Credit Suisse Group boosted their target price on O-I Glass from $18.00 to $21.00 and gave the stock an outperform rating in a report on Thursday, June 9th. Finally, Citigroup decreased their target price on O-I Glass from $16.00 to $14.00 in a report on Friday, April 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, O-I Glass currently has a consensus rating of Hold and a consensus price target of $16.55.
Shares of NYSE OI opened at $13.74 on Wednesday. The company has a debt-to-equity ratio of 4.19, a current ratio of 1.42 and a quick ratio of 0.94. The stock’s fifty day moving average price is $14.85 and its two-hundred day moving average price is $13.59. O-I Glass has a one year low of $10.64 and a one year high of $17.94. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 6.61, a P/E/G ratio of 1.07 and a beta of 1.46.
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O-I Glass (NYSE:OI – Get Rating) last issued its quarterly earnings data on Monday, April 25th. The industrial products company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.54 billion. O-I Glass had a return on equity of 43.72% and a net margin of 5.10%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. On average, equities analysts anticipate that O-I Glass will post 2.11 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its position in shares of O-I Glass by 10.8% during the 1st quarter. Baird Financial Group Inc. now owns 19,393 shares of the industrial products company’s stock worth $256,000 after buying an additional 1,887 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of O-I Glass by 1.6% during the 1st quarter. Yousif Capital Management LLC now owns 152,609 shares of the industrial products company’s stock worth $2,011,000 after buying an additional 2,330 shares during the last quarter. Hsbc Holdings PLC raised its position in O-I Glass by 4.8% in the first quarter. Hsbc Holdings PLC now owns 53,039 shares of the industrial products company’s stock valued at $707,000 after purchasing an additional 2,442 shares during the last quarter. Lazard Asset Management LLC bought a new position in O-I Glass in the first quarter valued at about $34,000. Finally, PNC Financial Services Group Inc. raised its position in O-I Glass by 4.5% in the first quarter. PNC Financial Services Group Inc. now owns 74,856 shares of the industrial products company’s stock valued at $986,000 after purchasing an additional 3,197 shares during the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.
O-I Glass Company Profile (Get Rating)
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. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.
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