O-I Glass (NYSE:OI – Get Free Report) updated its FY25 earnings guidance on Thursday. The company provided EPS guidance of $1.20-1.50 for the period, compared to the consensus EPS estimate of $1.34.
Analyst Upgrades and Downgrades
A number of brokerages have commented on OI. Bank of America boosted their target price on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Citigroup lowered their target price on O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Company lowered their target price on O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.38.
Read Our Latest Analysis on OI
O-I Glass Stock Performance
O-I Glass (NYSE:OI – Get Free Report) last announced its earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share for the quarter, beating the consensus estimate 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%. As a group, equities research analysts forecast that O-I Glass will post 1.33 earnings per share for the current fiscal year.
O-I Glass Company Profile
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.
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