News articles about Owens Corning (NYSE:OC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Owens Corning earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 45.3927892316189 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Owens Corning Forecasted to Earn FY2018 Earnings of $5.07 Per Share (OC) (americanbankingnews.com)
- Can Owens Corning (OC) Stock Continue to Grow Earnings? (finance.yahoo.com)
- Owens Corning (OC) Receives “Buy” Rating from KeyCorp (americanbankingnews.com)
- Owens Corning (OC) PT Raised to $107 at Seaport Global Securities (streetinsider.com)
- Owens Corning (OC) PT Raised to $107.00 at Seaport Global Securities (americanbankingnews.com)
Shares of Owens Corning (OC) traded down $2.35 during trading hours on Tuesday, hitting $93.57. 994,496 shares of the stock traded hands, compared to its average volume of 782,090. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. Owens Corning has a 1-year low of $52.48 and a 1-year high of $96.25. The stock has a market capitalization of $10,410.00, a P/E ratio of 27.93, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09.
Owens Corning (NYSE:OC) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.01). Owens Corning had a net margin of 6.15% and a return on equity of 11.40%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $1.09 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. sell-side analysts forecast that Owens Corning will post 4.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Tuesday, January 2nd will be paid a $0.21 dividend. This is a boost from Owens Corning’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, December 29th. This represents a $0.84 annualized dividend and a dividend yield of 0.90%. Owens Corning’s dividend payout ratio (DPR) is 25.07%.
Several research analysts have issued reports on OC shares. Royal Bank of Canada reissued a “buy” rating on shares of Owens Corning in a research report on Tuesday, October 3rd. Evercore ISI reissued an “outperform” rating and set a $80.00 price objective (down from $88.00) on shares of Owens Corning in a research report on Wednesday, October 11th. Wells Fargo & Co reissued an “outperform” rating on shares of Owens Corning in a research report on Thursday, October 26th. KeyCorp reissued a “buy” rating and set a $115.00 price objective on shares of Owens Corning in a research report on Friday. Finally, SunTrust Banks raised their price objective on shares of Owens Corning from $66.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Nine analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Owens Corning presently has an average rating of “Buy” and a consensus target price of $84.77.
In other Owens Corning news, Director W Howard Morris sold 2,026 shares of Owens Corning stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $81.95, for a total transaction of $166,030.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Ava Harter sold 487 shares of Owens Corning stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $81.96, for a total transaction of $39,914.52. The disclosure for this sale can be found here. Insiders sold 129,933 shares of company stock valued at $11,196,722 in the last quarter. Company insiders own 1.80% of the company’s stock.
Owens Corning Company Profile
Owens Corning is engaged in the business of composite and building materials systems, delivering a range of products and services. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications.
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