The closing price of O-I Glass Inc (NYSE: OI) was $15.51 for the day, down -1.15% from the previous closing price of $15.69. In other words, the price has decreased by -$0.18 from its previous closing price. On the day, 1490227 shares were traded.
Ratios:
Our analysis of OI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.07. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 3.22 whereas as Long-Term Debt/Eq ratio is at 3.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on January 16, 2024, initiated with a Buy rating and assigned the stock a target price of $26.
On January 03, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $17 to $18.
Barclays Upgraded its Underweight to Equal Weight on October 11, 2023, whereas the target price for the stock was revised from $19 to $18.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 07 ’23 when Lopez Andres Alberto sold 76,132 shares for $22.54 per share. The transaction valued at 1,715,756 led to the insider holds 1,036,969 shares of the business.
Lopez Andres Alberto sold 59,174 shares of OI for $1,303,130 on Jun 06 ’23. The President & CEO now owns 1,113,101 shares after completing the transaction at $22.02 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OI now has a Market Capitalization of 2.41B and an Enterprise Value of 6.45B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34 while its Price-to-Book (P/B) ratio in mrq is 1.49. Its current Enterprise Value per Revenue stands at 0.91 whereas that against EBITDA is 7.23.
Stock Price History:
Over the past 52 weeks, OI has reached a high of $23.57, while it has fallen to a 52-week low of $13.56. The 50-Day Moving Average of the stock is 16.06, while the 200-Day Moving Average is calculated to be 17.24.
Shares Statistics:
OI traded an average of 1.72M shares per day over the past three months and 1.55M shares per day over the past ten days. A total of 154.25M shares are outstanding, with a floating share count of 150.94M. Insiders hold about 1.78% of the company’s shares, while institutions hold 98.65% stake in the company. Shares short for OI as of Mar 15, 2024 were 5.07M with a Short Ratio of 2.95, compared to 4.84M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.30% and a Short% of Float of 5.73%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.39 for the current quarter, with a high estimate of $0.43 and a low estimate of $0.34, while EPS last year was $1.29. The consensus estimate for the next quarter is $0.73, with high estimates of $0.76 and low estimates of $0.67.
Analysts are recommending an EPS of between $2.53 and $2.25 for the fiscal current year, implying an average EPS of $2.41. EPS for the following year is $2.73, with 10 analysts recommending between $2.94 and $2.55.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $1.82B to a low estimate of $1.6B. As of the current estimate, O-I Glass Inc’s year-ago sales were $1.77B, an estimated decrease of -4.20% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $1.88B, an increase of 2.10% over than the figure of -$4.20% in the same quarter last year. There is a high estimate of $1.95B for the next quarter, whereas the lowest estimate is $1.84B.
A total of 10 analysts have provided revenue estimates for OI’s current fiscal year. The highest revenue estimate was $7.48B, while the lowest revenue estimate was $6.99B, resulting in an average revenue estimate of $7.17B. In the same quarter a year ago, actual revenue was $7.11B, up 0.90% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $7.35B in the next fiscal year. The high estimate is $7.63B and the low estimate is $7.05B. The average revenue growth estimate for next year is up 2.40% from the average revenue estimate for this year.
