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.
infoOI Glass is a mid cap stock with a total market cap of 3.03B.
infoThey trade on the NYSE and had their IPO 31 years and 8 months ago.
infoOI Glass currently employs 24000 people.
infoAs of Wednesday, Aug 23 2023, OI Glass’s share price is $19.53.
News Relating to OI Glass
Zacks Investment Research
Are Industrial Products Stocks Lagging OI Glass (OI) This Year?
Monday Aug 21 2023 at 11:16
Here is how O-I Glass (OI) and Terex (TEX) have performed compared to their sector so far this year.
Zacks Investment Research
Here is Why Growth Investors Should Buy O-I Glass (OI) Now
Thursday Aug 10 2023 at 14:30
O-I Glass (OI) possesses solid growth attributes, which could help it handily outperform the market.
Zacks Investment Research
3 Stocks to Watch in the Thriving Glass Products Industry
Monday Aug 07 2023 at 12:53
Solid end-market demand and the focus on unveiling innovative products will aid the Zacks Glass Products industry’s growth. This bodes well for stocks like OI, APOG and CRKN.
Zacks Investment Research
O-I Glass (OI) Q2 Earnings Beat Estimates, 2023 View Revised
Friday Aug 04 2023 at 14:17
O-I Glass (OI) reports year-over-year improvement in revenues and earnings, aided by higher prices and benefits from its ongoing margin expansion initiatives despite lower volumes.
Zacks Investment Research
Is OI Glass (OI) a Great Value Stock Right Now?
Thursday Jul 20 2023 at 11:27
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 value, growth, and momentum trends to underscore strong picks.
Zacks Investment Research
O-I Glass (OI) Shows Fast-paced Momentum But Is Still a Bargain Stock
Friday Jul 14 2023 at 10:25
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, O-I Glass (OI) could be a great choice. It is one of the several stocks that passed through our ‘Fast-Paced Momentum at a Bargain’ screen.
Zacks Investment Research
Wall Street Analysts Believe O-I Glass (OI) Could Rally 31.33%: Here’s is How to Trade
Monday Jul 10 2023 at 11:00
The mean of analysts’ price targets for O-I Glass (OI) points to a 31.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Zacks Investment Research
Reasons to Add O-I Glass (OI) Stock to Your Portfolio
Tuesday Jul 04 2023 at 10:00
O-I Glass (OI) is well-poised to ride on the back of the growing global demand for glass as a packaging option.
Zacks Investment Research
Should Value Investors Buy OI Glass (OI) Stock?
Tuesday Jun 27 2023 at 11:18
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 value, growth, and momentum trends to underscore strong picks.
GlobeNewsWire
O-I GLASS ANNOUNCES SECOND QUARTER 2023 EARNINGS CONFERENCE CALL AND WEBCAST
Monday Jun 26 2023 at 16:15
PERRYSBURG, Ohio, June 26, 2023 (GLOBE NEWSWIRE) — O-I Glass, Inc. (NYSE: OI) has scheduled its second quarter 2023 conference call and webcast for Wednesday, August 2, 2023, at 8 a.m. EDT. The Company’s news release for the second quarter 2023 earnings will be issued after the market closes on Tuesday, August 1.
Zacks Investment Research
3 Top-Ranked Momentum Stocks Ready to Breakout Now
Thursday Jun 15 2023 at 14:18
To the surprise of nearly everyone, markets have been extremely strong so far this year. While many analysts had forecasts for a recession and another challenging year for the stock market, the S&P 500 is up 15% and Nasdaq 39% YTD.
Zacks Investment Research
Wall Street Analysts Think O-I Glass (OI) Is a Good Investment: Is It?
Thursday Jun 15 2023 at 10:32
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?
Zacks Investment Research
Is OI Glass (OI) Stock Outpacing Its Industrial Products Peers This Year?
Monday Jun 12 2023 at 10:43
Here is how O-I Glass (OI) and Encore Wire (WIRE) have performed compared to their sector so far this year.
Zacks Investment Research
Does O-I Glass (OI) Have the Potential to Rally 31.33% as Wall Street Analysts Expect?
Friday Jun 09 2023 at 10:57
The mean of analysts’ price targets for O-I Glass (OI) points to a 31.3% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Zacks Investment Research
Are Investors Undervaluing OI Glass (OI) Right Now?
Friday Jun 09 2023 at 10:42
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 value, growth, and momentum trends to underscore strong picks.
Zacks Investment Research
The Glass Products Industry Is on A Secular Growth Trajectory
Monday May 29 2023 at 15:05
Glass products are tied to many essential industries and the characteristics of glass make it suitable for a more environmentally sensitive world.
Zacks Investment Research
Factors That Make O-I Glass (OI) a Lucrative Bet Now
Friday May 26 2023 at 13:35
O-I Glass (OI) is well-poised to ride on the back of the growing global demand for glass as a packaging option thanks to its investment in capacity and innovation.
Zacks Investment Research
Is OI Glass (OI) Outperforming Other Industrial Products Stocks This Year?
Friday May 26 2023 at 10:50
Here is how O-I Glass (OI) and Eos Energy Enterprises, Inc. (EOSE) have performed compared to their sector so far this year.
Zacks Investment Research
O-I Glass (OI) Up 48% in a Year: What’s Driving the Stock?
Thursday May 18 2023 at 14:34
O-I Glass (OI) has been gaining on incremental net price realization and strong operating and cost performance. Rising demand for glass as a packaging option will continue to drive momentum.
Zacks Investment Research
4 Stocks to Watch From the Promising Glass Products Industry
Tuesday May 16 2023 at 12:11
Solid end-market demand and the focus on unveiling innovative products will aid the Zacks Glass Products industry’s growth. This bodes well for stocks like OI, APOG, VIEW and CRKN.
Zacks Investment Research
Best Value Stocks to Buy for May 12th
Friday May 12 2023 at 10:39
OI and CECO made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 12, 2023.
Zacks Investment Research
New Strong Buy Stocks for May 12th
Friday May 12 2023 at 08:24
OI, CECO, BL, DDI and GBDC have been added to the Zacks Rank #1 (Strong Buy) List on May 12, 2023.
Zacks Investment Research
Fast-paced Momentum Stock O-I Glass (OI) Is Still Trading at a Bargain
Friday Apr 28 2023 at 09:52
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, O-I Glass (OI) could be a great choice. It is one of the several stocks that passed through our ‘Fast-Paced Momentum at a Bargain’ screen.
Seeking Alpha
O-I Glass, Inc. (OI) Q1 2023 Earnings Call Transcript
Wednesday Apr 26 2023 at 13:32
O-I Glass, Inc. (OI) Q1 2023 Earnings Call Transcript.
Zacks Investment Research
O-I Glass (OI) Beats Q1 Earnings and Revenue Estimates
Tuesday Apr 25 2023 at 19:45
O-I Glass (OI) came out with quarterly earnings of $1.29 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.56 per share a year ago.
Zacks Investment Research
Here’s Why O-I Glass (OI) is a Strong Value Stock
Wednesday Apr 19 2023 at 11:29
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Zacks Investment Research
O-I Glass (OI) to Report Q1 Earnings: What’s in the Offing?
Tuesday Apr 18 2023 at 12:55
O-I Glass’ (OI) first-quarter results are likely to reflect gains from the growing product demand.
Zacks Investment Research
O-I Glass (OI) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
Tuesday Apr 18 2023 at 11:25
O-I Glass (OI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zacks Investment Research
O-I Glass (OI) Starts Work on Revolutionary MAGMA Tech Facility
Monday Apr 17 2023 at 09:54
O-I Glass (OI) begins construction on a new greenfield facility, which will be built on its MAGMA technology.
Zacks Investment Research
Are Investors Undervaluing OI Glass (OI) Right Now?
Wednesday Apr 12 2023 at 11:24
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 value, growth, and momentum trends to underscore strong picks.
OI Glass Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
Learn more at Investopediaopen_in_new
OI Glass’s Altman Z-score is 1.38 which is in the distress zone. This indicates a higher risk of financial distress and potential bankruptcy for the company. It can serve as a warning sign of significant financial challenges, requiring careful consideration by potential investors.
Derived from SEC.GOV filing dataopen_in_new
OI Glass Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
Learn more at Investopediaopen_in_new
Over the last 3 months, 1 insider has sold $3.02M of common stock in OI Glass on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
Learn more at WallStreetPrepopen_in_new
OI Glass’s Income Quality of -0.25 is lower than its Industry Group of 0.28 (-189.3% lower)
OI Glass’s Income Quality of -0.25 is lower than its Major Industry Group of 0.58 (-143.1% lower)
OI Glass’s Income Quality of -0.25 is lower than its Sector of 0.75 (-133.3% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
Learn more at Investopediaopen_in_new
OI Glass’s Current Ratio of 1.42 is greater than its Industry Group of 1.12 (26.8% greater)
OI Glass’s Current Ratio of 1.42 is greater than its Major Industry Group of 1.29 (10.1% greater)
OI Glass’s Current Ratio of 1.42 is lower than its Sector of 2.6 (-45.4% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
Learn more at Investopediaopen_in_new
OI Glass’s PE Ratio of 4.7 is lower than its Industry Group of 28.3 (-83.4% lower)
OI Glass’s PE Ratio of 4.7 is lower than its Major Industry Group of 9.57 (-50.9% lower)
Cannot compare a negative PE Ratio (4.7 & -0.4)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
Learn more at Investopediaopen_in_new
Cannot compare a negative PB Ratio (1.01 & -9.03)
OI Glass’s PB Ratio of 1.01 is lower than its Major Industry Group of 1.72 (-41.3% lower)
OI Glass’s PB Ratio of 1.01 is lower than its Sector of 1.62 (-37.7% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
Learn more at Investopediaopen_in_new
OI Glass’s ROE of 0.21 is greater than its Industry Group of -0.08 (362.5% greater)
OI Glass’s ROE of 0.21 is in line with its Major Industry Group of 0.21
OI Glass’s ROE of 0.21 is greater than its Sector of -0.03 (800.0% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
OI Glass’s ROCE of 0.13 is greater than its Industry Group of -0.23 (156.5% greater)
OI Glass’s ROCE of 0.13 is greater than its Major Industry Group of 0.05 (160.0% greater)
OI Glass’s ROCE of 0.13 is greater than its Sector of -0.04 (425.0% greater)
Derived from SEC.GOV filing dataopen_in_new