News articles about Owens Corning (NYSE:OC) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Owens Corning earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 46.2156054787425 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Zacks: Analysts Expect Owens Corning (OC) to Post $1.45 EPS (americanbankingnews.com)
- Owens Corning Expected to Post FY2018 Earnings of $5.70 Per Share (OC) (americanbankingnews.com)
- Local nonprofit teams up with businesses to give Tyler veteran a new roof (tylerpaper.com)
- It’s Getting Hot Out There: Cramer’s ‘Mad Money’ Recap (Thursday 5/17/18) (finance.yahoo.com)
- Northcoast Research Weighs in on Owens Corning’s Q3 2018 Earnings (OC) (americanbankingnews.com)
Shares of NYSE:OC opened at $65.59 on Tuesday. Owens Corning has a twelve month low of $60.62 and a twelve month high of $96.52. The firm has a market capitalization of $7.31 billion, a PE ratio of 14.91, a price-to-earnings-growth ratio of 0.66 and a beta of 1.11. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.61 and a quick ratio of 0.93.
Owens Corning (NYSE:OC) last announced its earnings results on Wednesday, April 25th. The construction company reported $0.80 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.16). Owens Corning had a net margin of 4.24% and a return on equity of 11.95%. The business had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the business posted $0.85 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. equities analysts anticipate that Owens Corning will post 5.54 earnings per share for the current year.
OC has been the subject of several research reports. Goldman Sachs cut Owens Corning from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a research report on Wednesday, April 4th. Zacks Investment Research cut Owens Corning from a “buy” rating to a “hold” rating in a research report on Wednesday, March 21st. Credit Suisse Group reissued an “outperform” rating and issued a $110.00 price objective (up from $95.00) on shares of Owens Corning in a research report on Monday, January 22nd. They noted that the move was a valuation call. Nomura raised Owens Corning from a “neutral” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Tuesday, May 1st. Finally, Royal Bank of Canada set a $102.00 price objective on Owens Corning and gave the company a “buy” rating in a research report on Friday, February 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. Owens Corning currently has an average rating of “Hold” and an average target price of $87.28.
In other news, VP Ava Harter sold 1,100 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $84.00, for a total value of $92,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Arnaud Genis sold 59,541 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of $81.32, for a total value of $4,841,874.12. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.
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.
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