Owens Corning (OC) Set to Announce Earnings on Wednesday

Owens Corning (NYSE:OC) is scheduled to be releasing its earnings data before the market opens on Wednesday, February 21st. Analysts expect Owens Corning to post earnings of $1.02 per share for the quarter.

Owens Corning (NYSE:OC) opened at $87.44 on Tuesday. The stock has a market cap of $9,730.00, a price-to-earnings ratio of 26.10, a PEG ratio of 1.05 and a beta of 0.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.99 and a current ratio of 1.66. Owens Corning has a 1-year low of $57.11 and a 1-year high of $96.52.

The business also recently declared 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 of this dividend is Thursday, March 8th. This represents a $0.84 annualized dividend and a dividend yield of 0.96%. Owens Corning’s dividend payout ratio (DPR) is presently 25.07%.

Several brokerages have recently issued reports on OC. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 price target (up from $95.00) on shares of Owens Corning in a report on Monday, January 22nd. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and set a $115.00 price target on shares of Owens Corning in a report on Friday, January 12th. Zacks Investment Research upgraded shares of Owens Corning from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a report on Thursday, January 18th. Zelman & Associates downgraded shares of Owens Corning from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Seaport Global Securities upped their price target on shares of Owens Corning from $90.00 to $107.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Nine equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Owens Corning currently has a consensus rating of “Buy” and an average price target of $86.24.

In other Owens Corning news, Director James J. Mcmonagle sold 4,136 shares of the company’s stock in a transaction 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 sale, the director now owns 47,925 shares of the company’s stock, valued at $4,179,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John David Williams sold 3,684 shares of the company’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $88.64, for a total transaction of $326,549.76. Following the sale, the director now directly owns 24,762 shares in the company, valued at approximately $2,194,903.68. The disclosure for this sale can be found here. In the last three months, insiders sold 25,820 shares of company stock worth $2,321,249. 1.80% of the stock is currently owned by insiders.

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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.

Earnings History for Owens Corning (NYSE:OC)

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