Norbord (OSB) Receives Daily Media Impact Score of 0.21
Headlines about Norbord (NYSE:OSB) have trended somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Norbord earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 45.536375250829 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Norbord (OSB) opened at 34.89 on Wednesday. The firm has a market cap of $3.00 billion, a P/E ratio of 11.48 and a beta of 3.95. Norbord has a 12 month low of $21.40 and a 12 month high of $35.65. The company has a 50-day moving average of $32.95 and a 200-day moving average of $30.21.
Norbord (NYSE:OSB) last issued its quarterly earnings data on Friday, July 28th. The construction company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.01. Norbord had a return on equity of 37.87% and a net margin of 13.52%. The company had revenue of $536 million for the quarter. Equities analysts forecast that Norbord will post $3.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 1st will be issued a dividend of $0.398 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.59 dividend on an annualized basis and a yield of 4.56%. This is a positive change from Norbord’s previous quarterly dividend of $0.22. Norbord’s dividend payout ratio is currently 28.95%.
A number of equities research analysts recently commented on OSB shares. TD Securities raised their price objective on shares of Norbord from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, July 31st. BMO Capital Markets set a $28.00 price objective on shares of Norbord and gave the company a “hold” rating in a research report on Friday, July 28th. Zacks Investment Research downgraded shares of Norbord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Vertical Research downgraded shares of Norbord from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Credit Suisse Group upgraded shares of Norbord from a “neutral” rating to an “outperform” rating in a research report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Norbord has an average rating of “Buy” and an average target price of $35.00.
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Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial customers 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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