Owens Corning (OC) Expected to Announce Earnings on Wednesday

Owens Corning (NYSE:OC) is projected to post its quarterly earnings results before the market opens on Wednesday, April 23rd. Analysts expect Owens Corning to post earnings of $2.94 per share and revenue of $2.52 billion for the quarter. Owens Corning has set its Q1 2025 guidance at EPS.

Owens Corning (NYSE:OC) last announced its quarterly earnings results on Monday, February 24th. The construction company reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.87 by $0.35. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.88 billion. Owens Corning had a net margin of 9.92% and a return on equity of 25.82%. The firm’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.21 EPS. On average, analysts expect Owens Corning to post $15 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Owens Corning Stock Performance

Shares of Owens Corning stock opened at $138.10 on Wednesday. Owens Corning has a 12 month low of $123.41 and a 12 month high of $214.53. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $11.81 billion, a PE ratio of 11.75, a PEG ratio of 1.88 and a beta of 1.39. The stock’s fifty day simple moving average is $150.96 and its 200 day simple moving average is $173.00.

Owens Corning Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 10th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, March 10th. Owens Corning’s dividend payout ratio is currently 37.70%.

Insider Activity

In other news, insider Monaco Nicolas Del sold 1,750 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $183.97, for a total value of $321,947.50. Following the completion of the sale, the insider now directly owns 11,635 shares of the company’s stock, valued at $2,140,490.95. This trade represents a 13.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.82% of the company’s stock.

Analyst Upgrades and Downgrades

OC has been the topic of a number of research reports. StockNews.com lowered shares of Owens Corning from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Loop Capital dropped their price target on Owens Corning from $215.00 to $210.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Barclays decreased their price objective on Owens Corning from $215.00 to $179.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada cut their target price on Owens Corning from $212.00 to $199.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Owens Corning from $200.00 to $176.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $194.58.

Owens Corning Company Profile

Owens Corning manufactures and sells building and construction materials in the United States, Europe, the Asia Pacific, and internationally. It operates in three segments: Roofing, Insulation, and Composites. The Roofing segment manufactures and sells laminate and strip asphalt roofing shingles, oxidized asphalt materials, and roofing components used in residential and commercial construction, and specialty applications.