Owens Corning (OC) to Release Quarterly Earnings on Wednesday

Owens Corning (NYSE:OC - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of $2.94 per share and revenue of $2.52 billion for the quarter. Owens Corning has set its Q1 2025 guidance at EPS.Investors interested in listening to the company's conference call can do so using this link.

Owens Corning (NYSE:OC - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $3.22 EPS for the quarter, topping the consensus estimate of $2.87 by $0.35. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.88 billion. During the same period last year, the business earned $3.21 EPS. Owens Corning's revenue for the quarter was up 23.3% compared to the same quarter last year. 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 Stock Performance

Shares of NYSE OC traded up $1.35 during midday trading on Friday, reaching $137.98. 1,891,879 shares of the company were exchanged, compared to its average volume of 808,703. Owens Corning has a 1 year low of $123.41 and a 1 year high of $214.53. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $149.23 and a 200 day simple moving average of $172.49. The stock has a market cap of $11.80 billion, a P/E ratio of 11.74, a PEG ratio of 1.88 and a beta of 1.39.

Owens Corning Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.00%. Owens Corning's dividend payout ratio (DPR) is 37.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OC shares. Wells Fargo & Company decreased their target price on shares of Owens Corning from $200.00 to $155.00 and set an "overweight" rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on Owens Corning from $200.00 to $176.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. StockNews.com cut shares of Owens Corning from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Benchmark restated a "hold" rating on shares of Owens Corning in a report on Monday, March 3rd. Finally, Royal Bank of Canada dropped their price target on Owens Corning from $212.00 to $199.00 and set an "outperform" rating for the company in a research note on Monday. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $194.58.

Insider Activity at Owens Corning

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $183.97, for a total transaction of $321,947.50. Following the transaction, the insider now owns 11,635 shares in the company, valued at $2,140,490.95. This trade represents a 13.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.82% of the company's stock.

Owens Corning Company Profile

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.