Owens Corning (OC) Scheduled to Post Quarterly Earnings on Wednesday

Owens Corning (NYSE:OC) will be announcing its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $1.02 per share for the quarter.

Shares of Owens Corning (NYSE OC) opened at $85.72 on Wednesday. The company has a market cap of $9,540.00, a PE ratio of 25.59, a P/E/G ratio of 0.98 and a beta of 0.98. Owens Corning has a 12 month low of $56.92 and a 12 month high of $96.52. The company has a quick ratio of 0.99, a current ratio of 1.66 and a debt-to-equity ratio of 0.62.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 9th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.84 dividend on an annualized basis and a yield of 0.98%. Owens Corning’s payout ratio is 25.07%.

In other Owens Corning news, Chairman Michael H. Thaman sold 101,600 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $85.33, for a total value of $8,669,528.00. Following the completion of the sale, the chairman now owns 840,370 shares of the company’s stock, valued at $71,708,772.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John David Williams sold 3,684 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $88.64, for a total transaction of $326,549.76. Following the completion of the sale, the director now directly owns 24,762 shares of the company’s stock, valued at approximately $2,194,903.68. The disclosure for this sale can be found here. Insiders sold 127,420 shares of company stock valued at $10,990,777 in the last ninety days. 1.80% of the stock is owned by corporate insiders.

A number of research firms have issued reports on OC. Wells Fargo & Co restated an “outperform” rating on shares of Owens Corning in a report on Thursday, October 26th. KeyCorp restated a “buy” rating and issued a $115.00 target price on shares of Owens Corning in a report on Friday, January 12th. SunTrust Banks upped their target price on shares of Owens Corning from $66.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Seaport Global Securities upped their target price on shares of Owens Corning from $90.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Zacks Investment Research lowered shares of Owens Corning from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Nine research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $85.45.

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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.

Earnings History for Owens Corning (NYSE:OC)

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