O-I Glass (OI) to Release Earnings on Tuesday

O-I Glass (NYSE:OI) will likely be announcing its earnings results 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. Parties interested in registering for the company’s conference call can do so using this link.

O-I Glass Trading Up 0.5 %

NYSE OI opened at $11.94 on Monday. The firm has a 50 day simple moving average of $11.14 and a 200-day simple moving average of $11.96. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.77 and a current ratio of 1.23. O-I Glass has a one year low of $9.85 and a one year high of $17.58. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -4.33 and a beta of 1.21.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada reduced 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 boosted 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. Wells Fargo & Company reduced their price objective on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Citigroup cut their target price on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.