Owens Corning (OC) Receives Media Impact Score of 0.15
Press coverage about Owens Corning (NYSE:OC) has been trending somewhat positive on Sunday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news 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 0.15 on Accern’s scale. Accern also gave media headlines about the construction company an impact score of 46.3797972942402 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Owens Corning (OC) Raised to Buy at Zacks Investment Research (americanbankingnews.com)
- Owens Corning (OC) Lowered to Hold at Zelman & Associates – Newburgh Gazette (newburghgazette.com)
- Q2 2018 EPS Estimates for Owens Corning Raised by Analyst (OC) (americanbankingnews.com)
- Owens Corning shares soar over past year (toledoblade.com)
- Q1 2018 Earnings Forecast for Owens Corning Issued By Jefferies Group (OC) (americanbankingnews.com)
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Owens Corning from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Thursday. KeyCorp reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Owens Corning in a report on Friday, January 12th. Seaport Global Securities lifted their price objective on Owens Corning from $90.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Zelman & Associates lowered Owens Corning from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Finally, Argus began coverage on shares of Owens Corning in a research report on Wednesday, December 6th. They set a “buy” rating and a $109.00 price target for the company. Nine equities 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 stock currently has an average rating of “Buy” and an average price target of $84.77.
Owens Corning (NYSE:OC) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.01). Owens Corning had a return on equity of 11.40% and a net margin of 6.15%. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the firm earned $1.09 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. equities research analysts expect that Owens Corning will post 4.34 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Investors of record on Tuesday, January 2nd were given a dividend of $0.21 per share. This is an increase from Owens Corning’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Friday, December 29th. Owens Corning’s payout ratio is currently 25.07%.
In related news, CFO Michael C. Mcmurray sold 18,000 shares of Owens Corning stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $90.78, for a total transaction of $1,634,040.00. Following the completion of the transaction, the chief financial officer now directly owns 52,228 shares in the company, valued at approximately $4,741,257.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ava Harter sold 487 shares of Owens Corning stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $81.96, for a total value of $39,914.52. The disclosure for this sale can be found here. Insiders have sold a total of 129,933 shares of company stock valued at $11,196,722 over the last 90 days. Insiders own 1.80% of the company’s stock.
About Owens Corning
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.
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