Owens Corning (NYSE:OC) will announce its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $1.02 per share for the quarter.
Owens Corning (OC) opened at $87.44 on Tuesday. Owens Corning has a fifty-two week low of $57.11 and a fifty-two week high of $96.52. The firm has a market cap of $9,730.00, a PE ratio of 26.10, a PEG ratio of 1.05 and a beta of 0.98. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.96%. Owens Corning’s dividend payout ratio is currently 25.07%.
In other news, Director James J. Mcmonagle sold 4,136 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $87.20, for a total transaction of $360,659.20. Following the completion of the transaction, the director now directly owns 47,925 shares of the company’s stock, valued at approximately $4,179,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael C. Mcmurray sold 18,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $90.78, for a total transaction of $1,634,040.00. Following the transaction, the chief financial officer now directly owns 52,228 shares of the company’s stock, valued at $4,741,257.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,820 shares of company stock valued at $2,321,249. Company insiders own 1.80% of the company’s stock.
Several equities analysts have recently weighed in on OC shares. Royal Bank of Canada upgraded shares of Owens Corning from an “outperform” rating to a “top pick” rating in a report on Monday, December 4th. SunTrust Banks upped their target price on shares of Owens Corning from $66.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. Stifel Nicolaus restated a “buy” rating and issued a $83.00 target price on shares of Owens Corning in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Owens Corning from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a report on Wednesday, December 27th. Finally, Credit Suisse Group upped their target price on shares of Owens Corning from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. Nine investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $86.24.
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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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