O-I Glass, Inc. (OI)

NYSE: OI · IEX Real-Time Price · USD
13.70
+0.32 (2.39%)
Aug 8, 2022 4:00 PM EDT - Market closed
2.39%
Market Cap 2.13B
Revenue (ttm) 6.67B
Net Income (ttm) 468.00M
Shares Out 155.72M
EPS (ttm) 2.92
PE Ratio 4.69
Forward PE 7.01
Dividend n/a
Ex-Dividend Date n/a
Volume 620,103
Open 13.43
Previous Close 13.38
Day's Range 13.47 - 13.95
52-Week Range 10.64 - 17.94
Beta 1.42
Analysts Buy
Price Target 16.15 (+17.9%)
Earnings Date Aug 2, 2022

About OI

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. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to ... [Read more...]

Industry Containers & Packaging
Founded 1903
CEO Andres Lopez
Employees 24,000
Stock Exchange NYSE
Ticker Symbol OI
Full Company Profile

Financial Performance

In 2021, O-I Glass's revenue was $6.36 billion, an increase of 4.37% compared to the previous year's $6.09 billion. Earnings were $149.00 million, a decrease of -40.16%.

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for OI stock is "Buy." The 12-month stock price forecast is 16.15, which is an increase of 17.88% from the latest price.

Price Target
$16.15
(17.88% upside)
Analyst Consensus: Buy
Stock Forecasts

News

O-I Glass (OI) Completes $1.5B Portfolio Optimization Plan

O-I Glass (OI) concludes the Portfolio Optimization program that entails exiting non-core operations and investing in its core business and generated $1.5 billion in proceeds.

O-I Glass Completes Sale-Leaseback of Vernon, CA Property

Completes Full $1.5 Billion Portfolio Optimization Program Completes Full $1.5 Billion Portfolio Optimization Program

O-I Glass (OI) Beats Q2 Earnings Estimates, Hikes '22 View

O-I Glass' (OI) Q2 earnings benefit from higher selling prices and improved operating and cost performance.

O-I Glass (OI) Q2 Earnings and Revenues Surpass Estimates

O-I Glass (OI) delivered earnings and revenue surprises of 8.96% and 2.31%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

O-I Glass Reports Second Quarter 2022 Results

PERRYSBURG, Ohio, Aug. 02, 2022 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

O-I Glass to Build New Glass Plant in Bowling Green, KY

Perrysburg, Ohio, July 28, 2022 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) will build a new greenfield glass plant in Bowling Green, KY. In line with strong consumer trends towards healthy, recyclab...

O-I Glass (OI) Reports Next Week: Wall Street Expects Earnings Growth

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.

O-I Glass Subsidiary, Paddock Enterprises, LLC, Emerges from Chapter 11

Perrysburg, OH, July 18, 2022 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass”) today announced that its wholly owned subsidiary, Paddock Enterprises, LLC (“Paddock”), has emerged from Chapter 11 protec...

Are Investors Undervaluing OI Glass (OI) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

Is OI Glass (OI) Outperforming Other Industrial Products Stocks This Year?

Here is how O-I Glass (OI) and Titan International (TWI) have performed compared to their sector so far this year.

O-I Glass Announces Second Quarter 2022 Earnings Conference Call and Webcast

PERRYSBURG, Ohio, July 06, 2022 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

O-I Glass (OI) Gains on Solid Demand Despite Cost Hurdles

O-I Glass (OI) is benefiting from solid demand for glass packaging, as well as its efforts to improve productivity and efficiency.

Should Value Investors Consider O-I Glass (OI) Stock Now?

Let's see if O-I Glass (OI) stock is a good choice for value-oriented investors right now from multiple angles.

Is OI Glass (OI) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

O-I Glass (OI) Stock Rallies 21% Year to Date: Here's Why

O-I Glass (OI) is gaining on an upbeat outlook for the ongoing quarter, backed by higher shipments, robust demand for glass packaging solutions and solid progress on its ongoing Portfolio Optimization p...

Has OI Glass (OI) Outpaced Other Industrial Products Stocks This Year?

Here is how O-I Glass (OI) and Tenaris S.A. (TS) have performed compared to their sector so far this year.

O-I Glass (OI) Shows Fast-paced Momentum But Is Still a Bargain Stock

O-I Glass (OI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading ...

O-I Glass (OI) Ups Q2 Guidance on Improved Glass Shipments

O-I Glass' (OI) adjusted earnings for second-quarter 2022 will exceed 65 cents per share compared with the prior guidance of 55-60 cents per share.

O-I GLASS BUSINESS UPDATE

PERRYSBURG, Ohio, June 07, 2022 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

O-I Glass CFO to Present at Deutsche Bank 13th Annual Global Materials Conference

PERRYSBURG, Ohio, May 31, 2022 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

Here's Why O-I Glass (OI) is a Strong Value Stock

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

O-I Glass (OI) Shares Up 30% YTD: What's Driving the Rally?

O-I Glass (OI) is well-poised for growth on solid demand for glass packaging solutions and focus on investments in capacity expansions.

BofA Upgrades O-I Glass On An Improvement In Outlook

O-I Glass Inc's (NYSE: OI) positioning in Europe has strengthened and there is potential for demand for glass-packaged products to be less price elastic, according to BofA Securities. The O-I Glass Anal...

Paddock Enterprises, LLC Plan of Reorganization Confirmed by U.S. Court

PERRYSBURG, OH, May 27, 2022 (GLOBE NEWSWIRE) -- Today, Paddock Enterprises, LLC (“Paddock”), a wholly owned subsidiary of O-I Glass, Inc. (“O-I Glass”), announced that an order confirming its Plan of R...

Fast-paced Momentum Stock O-I Glass (OI) Is Still Trading at a Bargain

O-I Glass (OI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made...