Norbord (OSB) Earns News Impact Rating of 0.11
News articles about Norbord (NYSE:OSB) have been trending somewhat positive recently, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Norbord earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 46.540235164792 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Norbord Inc. (NYSE:OSB) Trading Volume Significantly Higher (highlightpress.com)
- Norbord, Inc. :OSB-US: Earnings Analysis: Q2, 2017 By the Numbers : July 31, 2017 (finance.yahoo.com)
- Norbord Inc. (NYSE:OSB) Price Target Raised to $31.00 (americanbankingnews.com)
- Norbord Inc. (OSB) PT Raised to $38.00 at TD Securities (americanbankingnews.com)
- Norbord Inc. (NYSE:OSB) Rating Increased to Outperform at Credit Suisse Group (americanbankingnews.com)
Shares of Norbord (OSB) traded down 0.03% during midday trading on Friday, hitting $33.05. 22,432 shares of the stock were exchanged. The firm has a market cap of $2.85 billion, a P/E ratio of 10.87 and a beta of 3.95. The firm has a 50 day moving average of $31.66 and a 200 day moving average of $29.31. Norbord has a 12-month low of $21.40 and a 12-month high of $35.65.
Norbord (NYSE:OSB) last announced its earnings results on Friday, July 28th. The construction company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.11 by $0.01. The firm had revenue of $536 million during the quarter. Norbord had a net margin of 13.52% and a return on equity of 37.87%. Equities analysts forecast that Norbord will post $3.54 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 1st will be paid a $0.398 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from Norbord’s previous quarterly dividend of $0.22. This represents a $1.59 annualized dividend and a dividend yield of 4.82%. Norbord’s dividend payout ratio is 28.95%.
Several equities analysts have commented on the stock. TD Securities raised their price target on shares of Norbord from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, July 31st. BMO Capital Markets raised their price target on shares of Norbord from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, July 31st. Credit Suisse Group raised shares of Norbord from a “neutral” rating to an “outperform” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Norbord from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of Norbord from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Norbord has a consensus rating of “Buy” and a consensus target price of $35.00.
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Norbord Company Profile
Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial customers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.
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