Equities analysts expect Norbord Inc (NYSE:OSB) to report earnings per share (EPS) of $1.49 for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for Norbord’s earnings. Norbord reported earnings per share of $1.39 in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.2%. The business is scheduled to announce its next quarterly earnings report on Friday, October 26th.

According to Zacks, analysts expect that Norbord will report full year earnings of $5.70 per share for the current financial year. For the next fiscal year, analysts forecast that the company will post earnings of $5.00 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Norbord.

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

A number of analysts have weighed in on the stock. ValuEngine raised shares of Norbord from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded shares of Norbord from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 19th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Norbord presently has an average rating of “Hold” and an average target price of $42.29.

Shares of NYSE OSB traded up $0.53 during trading hours on Friday, hitting $40.47. 3,583 shares of the stock were exchanged, compared to its average volume of 201,320. 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 company has a market cap of $3.64 billion, a P/E ratio of 8.94, a P/E/G ratio of 1.23 and a beta of 2.30. Norbord has a one year low of $32.22 and a one year high of $45.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Saturday, September 1st will be paid a $3.459 dividend. This is a boost from Norbord’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, August 30th. This represents a $13.84 dividend on an annualized basis and a dividend yield of 34.19%. Norbord’s dividend payout ratio is currently 306.68%.

Several hedge funds have recently made changes to their positions in the company. Highstreet Asset Management Inc. boosted its stake in Norbord by 2,025.7% during the 2nd quarter. Highstreet Asset Management Inc. now owns 4,294 shares of the construction company’s stock worth $177,000 after acquiring an additional 4,092 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new position in Norbord in the 2nd quarter worth approximately $264,000. Intercontinental Wealth Advisors LLC purchased a new position in Norbord in the 2nd quarter worth approximately $291,000. Neuberger Berman Group LLC increased its stake in Norbord by 54.1% in the 1st quarter. Neuberger Berman Group LLC now owns 10,482 shares of the construction company’s stock worth $380,000 after purchasing an additional 3,682 shares during the period. Finally, 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 purchasing an additional 1,654 shares during the period. Institutional investors own 76.86% of the company’s stock.

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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