Trade Report: The Recent Research Analysts’ Ratings Changes for Owens Corning (OC)

The Recent Research Analysts’ Ratings Changes for Owens Corning (OC)

Owens Corning (NYSE: OC) has recently received a number of price target changes and ratings updates:

Owens Corning (NYSE:OC) opened at 52.66 on Thursday. Owens Corning has a 1-year low of $38.96 and a 1-year high of $58.69. The firm has a market capitalization of $6.04 billion, a P/E ratio of 14.87 and a beta of 1.41. The company’s 50-day moving average price is $53.39 and its 200-day moving average price is $51.73.

Owens Corning (NYSE:OC) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.43. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.46 billion. Owens Corning had a return on equity of 10.57% and a net margin of 7.52%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. Equities research analysts expect that Owens Corning will post $3.45 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 2nd. Stockholders of record on Monday, October 17th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.36%. Owens Corning’s dividend payout ratio is currently 20.28%.

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