News stories about Norbord (NYSE:OSB) have trended somewhat negative on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Norbord earned a media sentiment score of 0.00 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.7487893733028 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
Shares of Norbord (NYSE OSB) opened at 39.59 on Thursday. The firm’s 50-day moving average is $39.04 and its 200-day moving average is $39.04. Norbord has a 1-year low of $21.40 and a 1-year high of $41.88. The firm has a market cap of $3.41 billion, a P/E ratio of 13.02 and a beta of 4.01.
Norbord (NYSE:OSB) last posted its quarterly earnings data on Friday, July 28th. The construction company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.01). The firm had revenue of $536.00 million for the quarter. Norbord had a return on equity of 37.87% and a net margin of 13.52%. On average, analysts anticipate that Norbord will post $4.08 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 1st were given a dividend of $0.398 per share. This is a boost from Norbord’s previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, August 30th. This represents a $1.59 annualized dividend and a yield of 4.02%. Norbord’s dividend payout ratio (DPR) is presently 52.30%.
Several brokerages have recently issued reports on OSB. BMO Capital Markets raised their price objective on shares of Norbord from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Norbord from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. TD Securities raised their price objective on shares of Norbord from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Bank of America Corporation began coverage on shares of Norbord in a research note on Monday. They issued a “sell” rating and a $41.00 price objective on the stock. Finally, Vertical Research downgraded shares of Norbord from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.05.
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Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial customers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.
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