O-I Glass (NYSE:OI) Updates FY25 Earnings Guidance

O-I Glass (NYSE:OI) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.20-1.50 for the period, compared to the consensus earnings per share estimate of $1.34.

O-I Glass Trading Up 4.1 %

Shares of OI opened at $11.64 on Friday. O-I Glass has a 1 year low of $9.85 and a 1 year high of $17.58. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. The stock has a 50 day simple moving average of $11.22 and a 200-day simple moving average of $11.90. The stock has a market cap of $1.79 billion, a PE ratio of -16.39, a PEG ratio of 0.24 and a beta of 1.20.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. On average, sell-side analysts predict that O-I Glass will post 1.33 EPS for the current fiscal year.

Analysts Set New Price Targets

OI has been the subject of a number of recent research reports. Citigroup dropped their target price on O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wells Fargo & Company dropped their price target on O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Bank of America raised their price target on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, O-I Glass currently has an average rating of “Moderate Buy” and a consensus target price of $15.38.

About O-I Glass

O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.