Seaport Global Securities Weighs in on Norbord Inc’s FY2018 Earnings (OSB)

Norbord Inc (TSE:OSB) – Analysts at Seaport Global Securities increased their FY2018 earnings per share estimates for shares of Norbord in a note issued to investors on Thursday, November 1st. Seaport Global Securities analyst M. Weintraub now forecasts that the company will post earnings of $6.35 per share for the year, up from their prior forecast of $5.84. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Norbord’s Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.83 EPS and Q4 2019 earnings at $0.77 EPS.

Norbord (TSE:OSB) last announced its quarterly earnings results on Thursday, November 1st. The company reported C$1.84 EPS for the quarter, beating the consensus estimate of C$1.29 by C$0.55. The firm had revenue of C$836.42 million during the quarter, compared to analyst estimates of C$789.49 million.

Several other research analysts have also recently issued reports on OSB. CIBC increased their price objective on shares of Norbord from C$56.00 to C$59.00 in a report on Thursday, July 12th. Raymond James reiterated a “strong-buy” rating and issued a C$60.00 price objective on shares of Norbord in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Norbord has a consensus rating of “Buy” and a consensus price target of C$47.13.

Shares of TSE:OSB opened at C$37.89 on Monday. Norbord has a 52 week low of C$31.87 and a 52 week high of C$58.92.

In other news, insider Peter Cornelius Wijnbergen sold 6,500 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of C$52.50, for a total value of C$341,250.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Saturday, December 1st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend is Thursday, November 29th.

Norbord Company Profile

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers 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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Earnings History and Estimates for Norbord (TSE:OSB)

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