Wall Street analysts expect that Norbord Inc (NYSE:OSB) will report $0.86 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Norbord’s earnings. Norbord reported earnings per share of $1.39 in the same quarter last year, which suggests a negative year-over-year growth rate of 38.1%. The company is scheduled to announce its next earnings results on Friday, October 26th.

On average, analysts expect that Norbord will report full year earnings of $4.60 per share for the current fiscal year. For the next year, analysts forecast that the firm will report earnings of $3.65 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Norbord.

Norbord (NYSE:OSB) last posted its quarterly earnings data on Thursday, August 2nd. The construction company reported $1.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.31. The firm had revenue of $707.00 million for the quarter, compared to analysts’ expectations of $682.27 million. Norbord had a return on equity of 48.17% and a net margin of 22.75%. The business’s quarterly revenue was up 31.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS.

Several analysts recently issued reports on OSB shares. Zacks Investment Research downgraded Norbord from a “hold” rating to a “strong sell” rating in a research note on Saturday, October 6th. ValuEngine downgraded Norbord from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 3rd. Finally, Vertical Research raised Norbord from a “hold” rating to a “buy” rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Norbord presently has a consensus rating of “Hold” and a consensus target price of $42.29.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in Norbord by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 410,600 shares of the construction company’s stock valued at $16,884,000 after purchasing an additional 1,400 shares during the period. Cubist Systematic Strategies LLC increased its stake in Norbord by 18.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 10,747 shares of the construction company’s stock worth $390,000 after acquiring an additional 1,654 shares during the last quarter. AMP Capital Investors Ltd increased its stake in Norbord by 8.0% in the 2nd quarter. AMP Capital Investors Ltd now owns 28,254 shares of the construction company’s stock worth $1,161,000 after acquiring an additional 2,100 shares during the last quarter. Institute for Wealth Management LLC. increased its stake in Norbord by 32.4% in the 2nd quarter. Institute for Wealth Management LLC. now owns 13,706 shares of the construction company’s stock worth $551,000 after acquiring an additional 3,352 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Norbord by 34.9% in the 2nd quarter. Voya Investment Management LLC now owns 12,964 shares of the construction company’s stock worth $533,000 after acquiring an additional 3,353 shares during the last quarter. 76.86% of the stock is currently owned by institutional investors.

OSB traded down $0.61 on Friday, hitting $27.27. 265,908 shares of the company’s stock traded hands, compared to its average volume of 153,919. The company has a market capitalization of $2.88 billion, a PE ratio of 6.07, a price-to-earnings-growth ratio of 0.97 and a beta of 2.41. Norbord has a one year low of $26.61 and a one year high of $45.45. The company has a current ratio of 2.69, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Saturday, September 1st were paid a dividend of $3.459 per share. This represents a $13.84 annualized dividend and a yield of 50.74%. The ex-dividend date was Thursday, August 30th. This is an increase from Norbord’s previous quarterly dividend of $0.47. Norbord’s dividend payout ratio (DPR) is 306.68%.

About Norbord

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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