Owens Corning (NYSE:OC) Earns News Sentiment Rating of 0.19
News stories about Owens Corning (NYSE:OC) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Owens Corning earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 47.1504884459363 out of 100, meaning 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 impacted Accern Sentiment Analysis’s rankings:
- Brokerages Anticipate Owens Corning Inc (OC) to Announce $1.26 EPS (americanbankingnews.com)
- ETFs with exposure to Owens Corning : August 8, 2017 (finance.yahoo.com)
- Owens Corning Inc (NYSE:OC) Insider Sells $1,115,188.00 in Stock (americanbankingnews.com)
- Owens Corning Inc New (NYSE:OC) Trading Volume Significantly Lower – Modern Readers (modernreaders.com)
Owens Corning (OC) traded up 0.79% during mid-day trading on Friday, hitting $67.74. The company had a trading volume of 593,855 shares. The firm’s 50 day moving average is $66.56 and its 200 day moving average is $62.12. Owens Corning has a 52 week low of $46.45 and a 52 week high of $68.88. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 19.46 and a beta of 1.11.
Owens Corning (NYSE:OC) last announced its earnings results on Wednesday, July 26th. The construction company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.12. Owens Corning had a return on equity of 11.12% and a net margin of 6.61%. The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm earned $1.29 EPS. Owens Corning’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities research analysts predict that Owens Corning will post $4.28 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 2nd. Investors of record on Monday, July 17th were issued a $0.20 dividend. The ex-dividend date was Thursday, July 13th. This represents a $0.80 dividend on an annualized basis and a yield of 1.18%. Owens Corning’s dividend payout ratio is currently 23.05%.
OC has been the topic of several research analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $67.00 price objective on shares of Owens Corning in a research report on Friday, April 21st. FBR & Co boosted their target price on Owens Corning from $61.00 to $63.00 and gave the company a “mkt perform” rating in a research note on Friday, April 28th. Jefferies Group LLC boosted their target price on Owens Corning from $71.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Stifel Nicolaus boosted their target price on Owens Corning from $64.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, May 1st. Finally, Instinet restated a “buy” rating and issued a $74.00 target price on shares of Owens Corning in a research note on Thursday, June 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $70.53.
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In other Owens Corning news, insider Brian Chambers sold 16,600 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $67.18, for a total transaction of $1,115,188.00. Following the sale, the insider now directly owns 39,957 shares of the company’s stock, valued at $2,684,311.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director James J. Mcmonagle sold 2,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $64.60, for a total value of $129,200.00. Following the sale, the director now directly owns 50,906 shares in the company, valued at $3,288,527.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,144 shares of company stock worth $2,654,227. 1.80% of the stock is owned by insiders.
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.
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