O-I Glass (NYSE:OI – Get Free Report) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $1.60 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
O-I Glass Price Performance
Shares of NYSE OI opened at $11.94 on Friday. O-I Glass has a fifty-two week low of $9.85 and a fifty-two week high of $17.58. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of -4.33 and a beta of 1.21. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.23 and a quick ratio of 0.77. The business has a 50-day moving average of $11.14 and a 200-day moving average of $11.96.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the stock. Royal Bank of Canada decreased their price objective on shares of O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Bank of America lifted their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. StockNews.com raised shares of O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Barclays reduced their price objective on O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Finally, Wells Fargo & Company lowered their target price on O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, O-I Glass currently has an average rating of “Moderate Buy” and an average price target of $15.38.
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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