Owens Corning (OC) Set to Announce Earnings on Wednesday

Share on StockTwits

Owens Corning (NYSE:OC) is set to announce its earnings results before the market opens on Wednesday, February 20th. Analysts expect the company to announce earnings of $1.24 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

NYSE OC opened at $54.69 on Tuesday. Owens Corning has a 12-month low of $40.64 and a 12-month high of $88.57. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.62 and a quick ratio of 0.87. The firm has a market capitalization of $5.98 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 0.84 and a beta of 1.32.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 2nd. Investors of record on Friday, March 8th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.61%. The ex-dividend date is Thursday, March 7th. Owens Corning’s payout ratio is currently 20.00%.

Several analysts recently issued reports on OC shares. Bank of America downgraded shares of Owens Corning from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 23rd. Seaport Global Securities downgraded shares of Owens Corning from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 24th. Barclays raised shares of Owens Corning from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $62.00 to $58.00 in a research report on Thursday, October 25th. SunTrust Banks reduced their price target on shares of Owens Corning to $45.00 and set a “positive” rating for the company in a research report on Thursday, October 25th. Finally, Credit Suisse Group reduced their price target on shares of Owens Corning from $57.00 to $47.00 and set a “neutral” rating for the company in a research report on Thursday, October 25th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $71.29.

WARNING: This piece was posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another site, it was copied illegally and republished in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4162536/owens-corning-oc-set-to-announce-earnings-on-wednesday.html.

Owens Corning Company Profile

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. It operates in three segments: Composites, Insulation, and Roofing. The Composites segment manufactures, fabricates, and sells glass reinforcements in the form of fiber; and manufactures and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.

Read More: Backdoor Roth IRA Conversion and Strategy

Earnings History 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

Fifth Street Asset Management  and Artisan Partners Asset Management  Head-To-Head Review
Fifth Street Asset Management and Artisan Partners Asset Management Head-To-Head Review
Malibu Boats Inc  Given Average Recommendation of “Buy” by Analysts
Malibu Boats Inc Given Average Recommendation of “Buy” by Analysts
Avangrid Inc  Given Consensus Rating of “Hold” by Analysts
Avangrid Inc Given Consensus Rating of “Hold” by Analysts
Hilton Grand Vacations  Receives Outperform Rating from Credit Suisse Group
Hilton Grand Vacations Receives Outperform Rating from Credit Suisse Group
FedEx  Lowered to “Neutral” at JPMorgan Chase & Co.
FedEx Lowered to “Neutral” at JPMorgan Chase & Co.
RMR Group  Cut to Hold at Zacks Investment Research
RMR Group Cut to Hold at Zacks Investment Research


© 2006-2019 Ticker Report