O-I Glass (NYSE:OI – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 1.500-2.000 for the period, compared to the consensus earnings per share estimate of 2.380. The company issued revenue guidance of -. O-I Glass also updated its FY24 guidance to $1.50-2.00 EPS.
Analysts Set New Price Targets
OI has been the topic of several recent analyst reports. Truist Financial reaffirmed a buy rating and set a $20.00 price objective on shares of O-I Glass in a report on Monday, March 25th. Bank of America reaffirmed a neutral rating and issued a $16.00 price target (down from $21.00) on shares of O-I Glass in a research note on Friday, April 19th. Citigroup downgraded O-I Glass from a buy rating to a neutral rating and increased their price objective for the company from $17.00 to $18.00 in a research note on Wednesday, January 3rd. Barclays raised their target price on shares of O-I Glass from $16.00 to $18.00 and gave the stock an equal weight rating in a research note on Tuesday, February 13th. Finally, StockNews.com lowered O-I Glass from a buy rating to a hold rating in a research report on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $21.75.
Get Our Latest Stock Analysis on O-I Glass
O-I Glass Stock Down 4.5 %
O-I Glass (NYSE:OI – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. O-I Glass had a positive return on equity of 24.90% and a negative net margin of 1.45%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the company earned $1.29 EPS. The company’s quarterly revenue was down 13.0% on a year-over-year basis. Sell-side analysts expect that O-I Glass will post 2.33 earnings per share for the current fiscal year.
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.
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