Owens Corning (OC) Scheduled to Post Quarterly Earnings on Wednesday

Owens Corning (NYSE:OC - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect Owens Corning to post earnings of $4.01 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Owens Corning (NYSE:OC - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $4.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.37 by $0.27. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.92 billion. Owens Corning had a return on equity of 26.33% and a net margin of 10.66%. The firm's revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $4.22 earnings per share. On average, analysts expect Owens Corning to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Owens Corning Trading Up 0.6 %

Shares of NYSE OC traded up $1.02 during midday trading on Wednesday, reaching $181.98. The stock had a trading volume of 340,725 shares, compared to its average volume of 677,197. The company's 50 day moving average price is $173.33 and its 200 day moving average price is $172.65. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.79 and a current ratio of 1.37. Owens Corning has a twelve month low of $112.32 and a twelve month high of $191.44. The firm has a market cap of $15.82 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-growth ratio of 2.23 and a beta of 1.41.

Owens Corning Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 4th. Shareholders of record on Friday, October 18th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $2.40 dividend on an annualized basis and a yield of 1.32%. Owens Corning's dividend payout ratio (DPR) is currently 20.32%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Evercore ISI lifted their target price on Owens Corning from $175.00 to $189.00 and gave the stock an "in-line" rating in a report on Wednesday, October 16th. Benchmark reissued a "hold" rating on shares of Owens Corning in a research report on Wednesday, August 7th. Barclays decreased their target price on shares of Owens Corning from $190.00 to $189.00 and set an "equal weight" rating for the company in a research report on Friday, July 12th. Citigroup upgraded Owens Corning from a "neutral" rating to a "buy" rating and lifted their price target for the company from $178.00 to $191.00 in a research note on Thursday, July 11th. Finally, UBS Group increased their price objective on Owens Corning from $192.00 to $197.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $187.77.

Insider Activity

In other news, insider Marcio A. Sandri sold 3,051 shares of the firm's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $176.50, for a total value of $538,501.50. Following the completion of the transaction, the insider now directly owns 57,079 shares of the company's stock, valued at $10,074,443.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Marcio A. Sandri sold 3,051 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $176.50, for a total transaction of $538,501.50. Following the completion of the transaction, the insider now owns 57,079 shares of the company's stock, valued at approximately $10,074,443.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marcio A. Sandri sold 3,050 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $170.00, for a total transaction of $518,500.00. Following the completion of the sale, the insider now owns 60,130 shares in the company, valued at $10,222,100. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.90% of the company's stock.

About Owens Corning

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.