Owens Corning (NYSE:OC) traded with the volume of 1.72 Million Yesterday. The Stock Opened its session at $54.18 and closed at $53.14 by showing an decrease of -3.19 percent. Owens Corning has 1 year price target of 55.94. The stock gained a consensus recommendation of 2.58 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company is expected to report its next EPS (earnings per share) on Oct 26 BMO. The company reported its last quarter on Jun 16.
On Jun 16 Owens Corning (NYSE:OC) reported its EPS in the last quarter as $1.29/Share beating the analyst estimate of $0.86/Share by the difference of $0.43. This showed the surprise of 50% in the last quarter earnings. For the Current Quarter, 13 analyst are projecting the mean EPS to be $0.56/share. According to their observations and findings, the stock could provide a high EPS of $0.67/share and a Low EPS of $0.37/share.
The 16 analysts offering 12-month price forecasts for Owens Corning have a median target of 58.50, with a high estimate of 63.00 and a low estimate of 43.00. The median estimate represents a +10.09% increase from the last price of 53.14. (CNN MONEY)
Many Analysts provided their foresight on Revenue Estimates of Owens Corning where they believe that the company has the potential to earn average revenue of $1.51 Billion for the current quarter. According to their predictions High & Low revenue estimates are 1.55 Billion and 1.47 Billion respectively.
Owens Corning (NYSE:OC) topped its 52-week high price of $58.69 on Jul 27, 2016 and 52-Week Low Price of $38.96 on Feb 10, 2016. The Stock currently has the market capitalization of $6.3 Million, P/E (price to earnings ttm) of 14.98 and Weekly volatility of 2.45%% and monthly volatility of 2.37%% respectively.
Owens Corning is currently showing 34.2% EPS growth this year. The Next Year EPS growth is 8.1%, Long term annual growth estimate of 14.7%, Annual EPS growth past 5 years of 16.49 percent. The Company currently has Insider ownership of 1.2 Percent and Institutional Ownership of 99.1 Percent. The Return on Assets stands at 5.5%, Return on Equity shows 11% and Return on Investment value is 7.7%.
Owens Corning Gross Margin percentage stands at 24.1% while its Operating Margin for trailing twelve month is 12.5 percent and Profit margin (ttm) is 7.6 Percent. The stock is currently moving above its 20-Day Simple Moving Average of -0.8% with the 50-Day Simple Moving Average of -0.8 percent. Currently, the company has SMA200 (200-day simple moving average) of 7.93 Percent. The Stock has YTD (year to date) performance of 13.82 percent.
Many research firms have provided their ratings on Owens Corning (NYSE:OC) where Wells Fargo provided Market Performrating on the stock on 29-Sep-16. Other firms include Credit Suisse giving Underperform rating on 11-Aug-16.
In the past 6 months, 0 Insider purchases and 3 Insider Sales were made in which 56425 shares were exchanged as Insider Sales.
The latest Insider trade was made on 29 Aug 2016 where Genis (Arnaud) Officer did a transaction type “Buy” in which 11550 shares were traded at a price of $37.65. Another insider trade includes Officer Genis (Arnaud) who also initiated a transaction in which 14850 shares were traded on 29 Aug 2016 as “Buy”.
Owens Corning is a world leader in building materials systems and composite solutions. Owens Corning people redefine what is possible each day to deliver high-quality products and services ranging from insulation, roofing, siding and stone, to glass composite materials used in transportation, electronics, telecommunications and other high-performance applications. Owens Corning has become a market-leading innovator of glass-fiber technology with sales.