O-I Glass (NYSE:OI – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.700-0.800 for the period, compared to the consensus earnings per share estimate of 1.130. The company issued revenue guidance of -. O-I Glass also updated its FY24 guidance to $0.70-0.80 EPS.
O-I Glass Stock Performance
Shares of O-I Glass stock traded down $0.30 on Tuesday, reaching $12.44. 2,492,067 shares of the stock were exchanged, compared to its average volume of 1,681,474. The firm has a market capitalization of $1.94 billion, a PE ratio of -7.99 and a beta of 1.17. O-I Glass has a 1-year low of $10.08 and a 1-year high of $17.58. The business has a fifty day moving average price of $12.72 and a two-hundred day moving average price of $12.50. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 2.85.
O-I Glass (NYSE:OI – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.77 billion. O-I Glass had a positive return on equity of 15.64% and a negative net margin of 4.32%. O-I Glass’s revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.88 earnings per share. As a group, research analysts anticipate that O-I Glass will post 1.11 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on OI
Insider Activity at O-I Glass
In other O-I Glass news, Director John Humphrey acquired 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $11.30 per share, for a total transaction of $169,500.00. Following the completion of the acquisition, the director now directly owns 84,227 shares of the company’s stock, valued at $951,765.10. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.49% of the company’s stock.
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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