O-I Glass
About: O-I Glass is the world's largest manufacturer of glass bottles; 70% of its revenue comes from outside the United States. O-I has a leading position in key markets such as Europe, North America, and Brazil. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food. O-I is looking to maintain or expand its dominant positions in Europe, North America, and South America.
Employees: 23,000
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
596% more call options, than puts
Call options by funds: $13.8M | Put options by funds: $1.99M
67% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 5 (+2) [Q3]
15% more capital invested
Capital invested by funds: $1.66B [Q2] → $1.91B (+$250M) [Q3]
0% more funds holding
Funds holding: 265 [Q2] → 265 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 46
2.09% less ownership
Funds ownership: 95.69% [Q2] → 93.6% (-2.09%) [Q3]
18% less repeat investments, than reductions
Existing positions increased: 83 | Existing positions reduced: 101
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$13
25%
upside
Avg. target
$15
45%
upside
High target
$16
54%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
RBC Capital Arun Viswanathan 26% 1-year accuracy 18 / 70 met price target | 54%upside $16 | Outperform Maintained | 1 Nov 2024 |
Barclays Michael Leithead 32% 1-year accuracy 6 / 19 met price target | 25%upside $13 | Equal-Weight Maintained | 31 Oct 2024 |
B of A Securities George Staphos 53% 1-year accuracy 9 / 17 met price target | 54%upside $16 | Buy Upgraded | 17 Oct 2024 |
Citigroup Anthony Pettinari 51% 1-year accuracy 26 / 51 met price target | 45%upside $15 | Neutral Maintained | 2 Oct 2024 |
Financial journalist opinion
Negative
Zacks Investment Research
1 week ago
1 Stock to Watch & 1 to Avoid in a Challenging Glass Products Industry
Amid weak demand in the Glass Products industry, APOG is navigating well and merits investor attention. However, OI is struggling, making it a stock to avoid.
Neutral
Zacks Investment Research
2 weeks ago
Is the Options Market Predicting a Spike in OI Glass (OI) Stock?
Investors need to pay close attention to OI Glass (OI) stock based on the movements in the options market lately.
Positive
Zacks Investment Research
1 month ago
Why Is O-I Glass (OI) Up 9.9% Since Last Earnings Report?
O-I Glass (OI) reported earnings 30 days ago. What's next for the stock?
Neutral
GlobeNewsWire
1 month ago
O-I Glass to Present at Citi's 2024 Basic Materials Conference
PERRYSBURG, Ohio, Nov. 26, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) today announced the Company will participate in Citi's 2024 Basic Materials Conference on Wednesday, December 4, 2024.
Negative
Zacks Investment Research
1 month ago
O-I Glass Misses Q3 Earnings & Revenue Estimates, Lowers '24 Outlook
OI expects adjusted EPS of 70-80 cents, down from the previously stated $1.00-$1.25.
Neutral
Seeking Alpha
1 month ago
O-I Glass: Weakness Persists In Q3 And Beyond (Rating Downgrade)
O-I Glass' Q3 was weak, as the company had weak pricing and volumes declined in Europe. In addition, production capacity adjustments weighed towards weak profitability. The market weakness is expected to persist, as O-I Glass cut its 2024 outlook. The Fit to Win plan should improve O-I Glass' mid-term earnings profile, but the plan raises questions of the company's future.
Neutral
Seeking Alpha
2 months ago
O-I Glass, Inc. (OI) Q3 2024 Earnings Call Transcript
O-I Glass, Inc. (NYSE:OI ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Chris Manuel - IR Gordon Hardie - CEO John Haudrich - CFO Conference Call Participants Ghansham Panjabi - Baird Arun Viswanathan - RBC Capital Markets Richard Carlson - Wells Fargo Josh Spector - UBS Anthony Pettinari - Citi Nicco Piccini - Truist Securities Operator Hello and welcome to today's O-I Glass Third Quarter 2024 Earnings Conference Call. My name is Bailey and I will be your moderator for today.
Negative
Zacks Investment Research
2 months ago
O-I Glass (OI) Reports Q3 Loss, Misses Revenue Estimates
O-I Glass (OI) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.80 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
O-I GLASS REPORTS THIRD QUARTER 2024 RESULTS
PERRYSBURG, Ohio, Oct. 29, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Rapidly Implementing Fit To Win Priorities to Drive Improved Performance in 2025 and Beyond Business Returned to Modest Sales Volume Growth, Despite Sluggish Market Conditions Updating 2024 Business Outlook Amid Continued Muted Demand and Consumer Uncertainty O-I Glass, Inc. (“O-I”) (NYSE: OI) today reported financial results for the third quarter ended September 30, 2024. Net Earnings (Loss) Attributable to the Company Per Share (Diluted) Earnings (Loss) Before Income Taxes $M 3Q24 3Q23 3Q24 3Q23 Reported ($ 0.52 ) $ 0.32 ($ 57 ) $ 82 Adjusted Earnings (Loss) Earnings Per Share (Diluted) Segment Operating Profit $M 3Q24 3Q23 3Q24 3Q23 Non - GAAP ($ 0.04 ) $ 0.80 $ 144 $ 301 “Our third-quarter results declined when compared to the strong performance in the prior year period.
Negative
Zacks Investment Research
2 months ago
Earnings Preview: O-I Glass (OI) Q3 Earnings Expected to Decline
O-I Glass (OI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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