Somewhat Positive Press Coverage Somewhat Unlikely to Impact Owens Corning (OC) Share Price

News headlines about Owens Corning (NYSE:OC) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring 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 positive one, with scores nearest to one being the most favorable. Owens Corning earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news articles about the construction company an impact score of 45.5814843113389 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Shares of Owens Corning (OC) traded up $0.40 on Friday, reaching $95.92. The company’s stock had a trading volume of 702,886 shares, compared to its average volume of 1,190,000. 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 $50.77 and a 1-year high of $95.99. The stock has a market cap of $10,670.00, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09.

Owens Corning (NYSE:OC) last issued its earnings results on Wednesday, October 25th. The construction company reported $1.25 EPS for the quarter, missing the 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 business had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter in the prior year, the business posted $1.09 earnings per share. The business’s revenue for the quarter was up 12.2% on a year-over-year basis. equities analysts expect that Owens Corning will post 4.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.88%. This is an increase from Owens Corning’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, December 29th. Owens Corning’s dividend payout ratio (DPR) is currently 25.07%.

A number of research analysts recently weighed in on OC shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Owens Corning in a research report on Tuesday, October 3rd. Citigroup reaffirmed a “sell” rating and set a $69.00 price objective (up previously from $49.00) on shares of Owens Corning in a research report on Tuesday, October 3rd. Jefferies Group reaffirmed a “buy” rating and set a $82.00 price objective on shares of Owens Corning in a research report on Friday, October 6th. Evercore ISI reaffirmed an “outperform” rating and set a $80.00 price objective (down previously from $88.00) on shares of Owens Corning in a research report on Wednesday, October 11th. Finally, Credit Suisse Group set a $90.00 price objective on Owens Corning and gave the company an “outperform” rating in a research report on Tuesday, October 17th. Nine investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $84.77.

In other news, Director W Howard Morris sold 2,026 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $81.95, for a total value of $166,030.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Ava Harter sold 487 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $81.96, for a total value of $39,914.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,933 shares of company stock worth $11,196,722. Company insiders own 1.80% of the company’s stock.

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About Owens Corning

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.

Insider Buying and Selling by Quarter for Owens Corning (NYSE:OC)

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