O-I Glass (NYSE:OI – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.70-0.80 for the period, compared to the consensus earnings per share estimate of $1.13. O-I Glass also updated its FY 2024 guidance to 0.700-0.800 EPS.
O-I Glass Trading Down 7.2 %
Shares of OI traded down $0.89 during mid-day trading on Wednesday, hitting $11.55. 3,589,017 shares of the company’s stock traded hands, compared to its average volume of 1,690,262. The business’s 50-day moving average price is $12.73 and its 200-day moving average price is $12.48. The firm has a market capitalization of $1.80 billion, a P/E ratio of -7.35 and a beta of 1.17. The company has a quick ratio of 0.75, a current ratio of 1.26 and a debt-to-equity ratio of 2.85. O-I Glass has a 1 year low of $10.08 and a 1 year high of $17.58.
O-I Glass (NYSE:OI – Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.07). O-I Glass had a negative net margin of 4.32% and a positive return on equity of 15.64%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that O-I Glass will post 1.11 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Check Out Our Latest Report on OI
Insider Buying and Selling
In other news, Director John Humphrey bought 15,000 shares of O-I Glass stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of $11.30 per share, with a total value of $169,500.00. Following the acquisition, the director now owns 84,227 shares of the company’s stock, valued at $951,765.10. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.49% of the stock is currently owned by insiders.
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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