Owens Corning (OC) Expected to Announce Quarterly Earnings on Wednesday

Owens Corning (NYSE:OC - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $2.92 per share and revenue of $2.77 billion for the quarter.

Owens Corning (NYSE:OC - Get Free Report) last released its earnings results on Wednesday, November 6th. The construction company reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $4.05 by $0.33. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period last year, the company posted $4.15 EPS. The business's revenue was up 22.9% on a year-over-year basis. 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 Price Performance

OC traded down $2.88 during trading on Friday, reaching $181.06. The company's stock had a trading volume of 547,466 shares, compared to its average volume of 684,998. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.89. The firm has a fifty day simple moving average of $182.04 and a two-hundred day simple moving average of $178.74. Owens Corning has a 1 year low of $138.70 and a 1 year high of $214.53. The company has a market cap of $15.53 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 2.01 and a beta of 1.46.

Owens Corning Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 10th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Monday, March 10th. Owens Corning's dividend payout ratio (DPR) is 23.49%.

Insider Activity at Owens Corning

In other Owens Corning news, insider Monaco Nicolas Del sold 1,750 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $183.97, for a total value of $321,947.50. Following the completion of the transaction, the insider now owns 11,635 shares of the company's stock, valued at $2,140,490.95. This trade represents a 13.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gunner Smith sold 17,450 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $191.19, for a total transaction of $3,336,265.50. Following the completion of the transaction, the insider now directly owns 18,866 shares of the company's stock, valued at $3,606,990.54. This represents a 48.05 % decrease in their position. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays raised shares of Owens Corning from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $192.00 to $245.00 in a research note on Wednesday, December 11th. Citigroup cut their price target on shares of Owens Corning from $212.00 to $207.00 and set a "buy" rating for the company in a report on Monday, January 6th. Royal Bank of Canada raised their price target on shares of Owens Corning from $213.00 to $217.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Wells Fargo & Company upgraded shares of Owens Corning from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $195.00 to $225.00 in a report on Tuesday, December 17th. Finally, The Goldman Sachs Group raised their price target on shares of Owens Corning from $178.00 to $198.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $201.75.

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.