O-I Glass (NYSE:OI) Releases Q1 2021 After-Hours Earnings Guidance

O-I Glass (NYSE:OI) updated its first quarter 2021
After-Hours earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.32 for the period, compared to the Thomson Reuters consensus estimate of $0.34. O-I Glass also updated its FY 2021
After-Hours guidance to 1.55-1.75 EPS.

A number of research firms have commented on OI. Citigroup increased their price target on O-I Glass from $12.50 to $14.00 in a research note on Thursday, February 11th. Deutsche Bank Aktiengesellschaft cut O-I Glass from a buy rating to a hold rating and decreased their price target for the company from $15.00 to $14.00 in a research note on Wednesday, January 20th. Bank of America upgraded O-I Glass from a neutral rating to a buy rating in a research note on Tuesday, November 24th. UFS lowered O-I Glass from a neutral rating to an underperform rating in a report on Tuesday, November 24th. Finally, TheStreet raised O-I Glass from a d+ rating to a c+ rating in a report on Tuesday, October 27th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $11.00.

O-I Glass stock traded up $0.16 during midday trading on Tuesday, hitting $12.43. 1,082,613 shares of the company were exchanged, compared to its average volume of 976,452. The firm has a market capitalization of $1.96 billion, a PE ratio of 6.37 and a beta of 1.78. O-I Glass has a fifty-two week low of $4.30 and a fifty-two week high of $14.45. The business has a fifty day simple moving average of $13.00 and a two-hundred day simple moving average of $11.73. The company has a debt-to-equity ratio of 19.48, a quick ratio of 0.94 and a current ratio of 1.40.

O-I Glass (NYSE:OI) last posted its earnings results on Monday, February 8th. The industrial products company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.34 by $0.06. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.48 billion. O-I Glass had a return on equity of 88.28% and a net margin of 4.97%. O-I Glass’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. As a group, equities analysts expect that O-I Glass will post 1.17 earnings per share for the current year.

O-I Glass Company Profile

O-I Glass, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.

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