Wall Street analysts expect Norbord Inc. (NYSE:OSB) to announce earnings per share (EPS) of $1.58 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Norbord’s earnings. Norbord reported earnings per share of $0.64 during the same quarter last year, which would suggest a positive year-over-year growth rate of 146.9%. The firm is expected to report its next quarterly earnings results on Friday, February 2nd.

According to Zacks, analysts expect that Norbord will report full year earnings of $4.11 per share for the current financial year, with EPS estimates ranging from $3.72 to $4.49. For the next financial year, analysts expect that the business will post earnings of $3.24 per share, with EPS estimates ranging from $3.08 to $3.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Norbord.

Norbord (NYSE:OSB) last announced its earnings results on Friday, October 27th. The construction company reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.02. The business had revenue of $578.00 million during the quarter. Norbord had a return on equity of 45.17% and a net margin of 16.33%.

Several analysts have issued reports on OSB shares. Scotiabank restated a “buy” rating and set a $44.25 price target on shares of Norbord in a research report on Tuesday, August 29th. Zacks Investment Research lowered shares of Norbord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BMO Capital Markets lowered shares of Norbord from a “market perform” rating to an “underperform” rating and upped their price target for the company from $31.00 to $32.00 in a research report on Friday, September 29th. They noted that the move was a valuation call. CIBC lowered shares of Norbord from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, September 25th. Finally, TD Securities lowered shares of Norbord from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Norbord has an average rating of “Buy” and an average target price of $39.45.

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Several large investors have recently modified their holdings of the company. Intact Investment Management Inc. raised its stake in shares of Norbord by 110.1% during the third quarter. Intact Investment Management Inc. now owns 211,200 shares of the construction company’s stock valued at $10,032,000 after acquiring an additional 110,700 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of Norbord during the third quarter valued at about $1,808,000. Shell Asset Management Co. raised its stake in shares of Norbord by 51.2% during the third quarter. Shell Asset Management Co. now owns 6,229 shares of the construction company’s stock valued at $143,000 after acquiring an additional 2,109 shares during the last quarter. Eqis Capital Management Inc. bought a new position in shares of Norbord during the third quarter valued at about $334,000. Finally, United Bank VA bought a new position in shares of Norbord during the second quarter valued at about $2,099,000. 81.59% of the stock is owned by hedge funds and other institutional investors.

Norbord (NYSE:OSB) opened at 36.05 on Wednesday. Norbord has a 12 month low of $21.40 and a 12 month high of $41.88. The company’s 50-day moving average price is $38.57 and its 200 day moving average price is $33.26. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 11.86 and a beta of 4.01.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Friday, December 1st will be paid a dividend of $0.467 per share. This represents a $1.87 annualized dividend and a dividend yield of 5.18%. This is an increase from Norbord’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, November 30th. Norbord’s dividend payout ratio is 40.77%.

Norbord declared that its Board of Directors has approved a stock repurchase plan on Friday, October 27th that permits the company to buyback 5,140,000 shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Norbord Company Profile

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial customers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.

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