Wall Street analysts predict that Owens Corning (NYSE:OC) will report $1.52 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Owens Corning’s earnings, with estimates ranging from $1.49 billion to $1.56 billion. Owens Corning posted sales of $1.38 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.1%. The company is expected to announce its next earnings report before the market opens on Wednesday, February 21st.

On average, analysts expect that Owens Corning will report full-year sales of $1.52 billion for the current year, with estimates ranging from $6.26 billion to $6.34 billion. For the next financial year, analysts forecast that the company will post sales of $6.86 billion per share, with estimates ranging from $6.56 billion to $7.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Owens Corning.

Several analysts recently commented on the company. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 price target (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. Zacks Investment Research upgraded Owens Corning from a “hold” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Thursday, January 18th. KeyCorp reiterated a “buy” rating and set a $115.00 price target on shares of Owens Corning in a research report on Friday, January 12th. Seaport Global Securities boosted their price target on Owens Corning from $90.00 to $107.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Zelman & Associates cut Owens Corning from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Nine analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.45.

In other news, Director John David Williams sold 3,684 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $88.64, for a total value of $326,549.76. Following the transaction, the director now owns 24,762 shares of the company’s stock, valued at approximately $2,194,903.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Michael H. Thaman sold 101,600 shares of the company’s stock in a transaction 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 transaction, the chairman now directly owns 840,370 shares in the company, valued at approximately $71,708,772.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,420 shares of company stock valued at $10,990,777. 1.80% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Owens Corning by 20.9% in the 4th quarter. BlackRock Inc. now owns 7,357,067 shares of the construction company’s stock valued at $676,411,000 after purchasing an additional 1,273,051 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Owens Corning by 1.3% in the 4th quarter. Bank of Montreal Can now owns 2,330,788 shares of the construction company’s stock valued at $214,292,000 after purchasing an additional 28,893 shares during the last quarter. LSV Asset Management lifted its stake in shares of Owens Corning by 0.5% in the 4th quarter. LSV Asset Management now owns 1,970,691 shares of the construction company’s stock valued at $181,185,000 after purchasing an additional 9,884 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Owens Corning by 5.3% in the 4th quarter. Allianz Asset Management GmbH now owns 1,894,037 shares of the construction company’s stock valued at $174,137,000 after purchasing an additional 95,571 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Owens Corning by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 1,361,187 shares of the construction company’s stock valued at $125,094,000 after purchasing an additional 51,140 shares during the last quarter. 93.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Owens Corning (OC) traded up $0.50 on Friday, hitting $85.72. The company had a trading volume of 916,045 shares, compared to its average volume of 918,885. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.66 and a quick ratio of 0.99. Owens Corning has a 52-week low of $56.92 and a 52-week high of $96.52. The stock has a market capitalization of $9,430.00, a PE ratio of 25.59, a price-to-earnings-growth ratio of 0.98 and a beta of 0.98.

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

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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.

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Earnings History and Estimates for Owens Corning (NYSE:OC)

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