O-I Glass, Inc. (NYSE: OI) Shows Positive Trend in Analyst Sentiment and Financial Performance
- O-I Glass, Inc. (NYSE:OI) has seen a positive trend in its consensus price target over the past year, indicating growing confidence among analysts.
- The company recently reported quarterly earnings of $0.40 per share, significantly exceeding the Zacks Consensus Estimate of $0.18 per share.
- Despite a conservative price target from Barclays, O-I Glass is anticipated to surpass earnings estimates in its upcoming quarterly report, potentially influencing future price targets.
O-I Glass, Inc. (NYSE:OI) is a prominent player in the glass container manufacturing industry, catering to sectors like alcoholic beverages, food, soft drinks, and pharmaceuticals. The company is known for its diverse range of glass packaging solutions, which come in various sizes, shapes, and colors. This versatility, along with strategic supply agreements, has likely contributed to the positive sentiment among analysts.
The consensus price target for O-I Glass has shown a positive trend over the past year. Last month, the average price target was $21, up from $19.5 last quarter and $16.22 last year. This upward trend suggests growing confidence in the company's market position and potential, as highlighted by the increase in the consensus price target.
Despite the positive trend in the consensus price target, analyst Michael Leithead from Barclays has set a lower price target of $15 for O-I Glass. This indicates a more conservative outlook on the stock's potential growth. However, the company is anticipated to surpass earnings estimates in its upcoming quarterly report, which could influence future price targets.
O-I Glass recently reported quarterly earnings of $0.40 per share, significantly exceeding the Zacks Consensus Estimate of $0.18 per share. This strong performance, despite being slightly lower than the $0.45 per share reported in the same quarter last year, suggests that the company is on a solid financial footing. The stock has also experienced a 3.2% increase in its price since the last earnings report, indicating positive market sentiment.
The company's upcoming second-quarter earnings report and conference call, scheduled for July 30, 2025, will be closely watched by investors. As highlighted by Zacks, O-I Glass is currently under the spotlight for value investors, with a focus on earnings estimates and revisions. This attention, along with the recent 9.5% surge in share price, suggests potential growth opportunities for investors.
| Symbol | Price | %chg |
|---|---|---|
| FASW.JK | 5450 | 0 |
| PBID.JK | 488 | 0.41 |
| TRST.JK | 500 | 4 |
| IPOL.JK | 142 | 0.7 |
O-I Glass Shares Up 4% on Raised Q2 Guidance
O-I Glass, Inc. (NYSE:OI) shares closed more than 4% higher on Wednesday following the company’s announcement, according to which it now expects Q2 adjusted EPS to exceed $0.65, above the previous guidance range of $0.55–0.60.
The company indicated that Q2 is progressing better than expected due to more favorable operating performance and higher net price. Glass container shipments are up roughly 1% quarter-to-date through May, in line with previous guidance of low-single-digit growth.
The company kept its full-year 2022 guidance unchanged, expecting adjusted EPS in the range of $1.85–$2.10.
O-I Glass Shares Up 4% on Raised Q2 Guidance
O-I Glass, Inc. (NYSE:OI) shares closed more than 4% higher on Wednesday following the company’s announcement, according to which it now expects Q2 adjusted EPS to exceed $0.65, above the previous guidance range of $0.55–0.60.
The company indicated that Q2 is progressing better than expected due to more favorable operating performance and higher net price. Glass container shipments are up roughly 1% quarter-to-date through May, in line with previous guidance of low-single-digit growth.
The company kept its full-year 2022 guidance unchanged, expecting adjusted EPS in the range of $1.85–$2.10.
Takeaways From O-I Glass Investor Day
O-I Glass, Inc. (NYSE:OI) hosted its 2021 Investor Day via virtual format yesterday. Since the last investor day in 2018, the company has focused on having a more agile operating network, shifting its mix away from declining categories, derisking legacy liabilities, and deleveraging.
Now growth appears to be the driver of value creation and the company is betting on its MAGMA technology going forward. As a result, free cash flow and deleveraging are expected to be limited over the next three years.
At roughly 4x leverage currently, analysts at Deutsche Bank argue that debt reduction should remain a priority, especially considering growth in glass packaging has typically proved elusive. However, growth versus cash generation is a fine line to manage.
Overall, the brokerage maintains its Hold rating as it believes the company remains somewhat of a show-me story with MAGMA being implemented, but acknowledges the improvements the company has already made to have a more flexible operating structure.
Takeaways From O-I Glass Investor Day
O-I Glass, Inc. (NYSE:OI) hosted its 2021 Investor Day via virtual format yesterday. Since the last investor day in 2018, the company has focused on having a more agile operating network, shifting its mix away from declining categories, derisking legacy liabilities, and deleveraging.
Now growth appears to be the driver of value creation and the company is betting on its MAGMA technology going forward. As a result, free cash flow and deleveraging are expected to be limited over the next three years.
At roughly 4x leverage currently, analysts at Deutsche Bank argue that debt reduction should remain a priority, especially considering growth in glass packaging has typically proved elusive. However, growth versus cash generation is a fine line to manage.
Overall, the brokerage maintains its Hold rating as it believes the company remains somewhat of a show-me story with MAGMA being implemented, but acknowledges the improvements the company has already made to have a more flexible operating structure.
