Owens Corning (OC) Given Daily Media Sentiment Score of 0.18

Media coverage about Owens Corning (NYSE:OC) has trended somewhat positive on Wednesday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Owens Corning earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.6157006905724 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Owens Corning (NYSE OC) traded up $1.38 during trading hours on Wednesday, reaching $94.95. The company’s stock had a trading volume of 883,606 shares, compared to its average volume of 951,243. The company has a current ratio of 1.66, a quick ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market cap of $10,560.00, a PE ratio of 28.34, a P/E/G ratio of 1.18 and a beta of 1.09. Owens Corning has a 12 month low of $52.48 and a 12 month high of $96.25.

Owens Corning (NYSE:OC) last issued its earnings results on Wednesday, October 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.01). The company had revenue of $1.70 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Owens Corning had a net margin of 6.15% and a return on equity of 11.40%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.09 earnings per share. analysts predict that Owens Corning will post 4.34 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Tuesday, January 2nd will be issued a $0.21 dividend. This is a boost from Owens Corning’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, December 29th. Owens Corning’s dividend payout ratio is presently 25.07%.

Several research analysts recently commented on the company. KeyCorp reissued a “buy” rating and issued a $115.00 price objective on shares of Owens Corning in a research note on Friday, January 12th. Zacks Investment Research raised Owens Corning from a “hold” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Saturday, January 6th. Zelman & Associates downgraded Owens Corning from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Seaport Global Securities increased their price objective on Owens Corning from $90.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Argus assumed coverage on Owens Corning in a research note on Wednesday, December 6th. They issued a “buy” rating and a $109.00 price objective for the company. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $84.77.

In other news, VP Ava Harter sold 487 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $81.96, for a total transaction of $39,914.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director W Howard Morris sold 2,026 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $81.95, for a total value of $166,030.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 129,933 shares of company stock valued at $11,196,722. 1.80% of the stock is owned by company insiders.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3143233/owens-corning-oc-given-daily-media-sentiment-score-of-0-18.html.

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.

Insider Buying and Selling by Quarter for Owens Corning (NYSE:OC)

Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.