O-I Glass (NYSE:OI) Releases FY 2024 Earnings Guidance

O-I Glass (NYSE:OI) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.200-$2.400 for the period. The company issued revenue guidance of -.O-I Glass also updated its FY 2021 guidance to $1.700-$1.750 EPS.

A number of equities research analysts have issued reports on the stock. Seaport Res Ptn raised shares of O-I Glass from a neutral rating to a buy rating in a research report on Thursday, August 5th. Truist Securities assumed coverage on shares of O-I Glass in a research report on Tuesday, September 14th. They issued a buy rating and a $20.00 price objective for the company. Loop Capital assumed coverage on shares of O-I Glass in a research report on Tuesday, October 5th. They issued a hold rating and a $16.00 price objective for the company. Truist assumed coverage on shares of O-I Glass in a research report on Monday, September 13th. They issued a positive rating and a $20.00 price objective for the company. Finally, TheStreet raised shares of O-I Glass from a c rating to a b rating in a research report on Tuesday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, O-I Glass presently has a consensus rating of Hold and a consensus price target of $16.63.

Shares of OI stock opened at $14.51 on Thursday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 7.29, a PEG ratio of 0.42 and a beta of 1.75. The company has a current ratio of 1.42, a quick ratio of 0.95 and a debt-to-equity ratio of 9.91. The firm’s 50 day moving average is $14.77 and its 200 day moving average is $15.84. O-I Glass has a 12 month low of $9.25 and a 12 month high of $19.46.

O-I Glass (NYSE:OI) last announced its quarterly earnings results on Tuesday, August 3rd. The industrial products company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.07. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.57 billion. O-I Glass had a net margin of 5.10% and a return on equity of 76.08%. During the same period in the prior year, the company posted $0.01 EPS. On average, equities analysts predict that O-I Glass will post 1.72 EPS for the current year.

O-I Glass Company Profile

O-I Glass, Inc engages in manufacturing of glass products. It offers products to the food and beverage sectors. The firm operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded in 1929 and is headquartered in Perrysburg, OH.

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Earnings History and Estimates for O-I Glass (NYSE:OI)

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