Owens Corning (NYSE:OC – Get Free Report) issued its earnings results on Wednesday. The construction company reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.55, Briefing.com reports. The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.28 billion. Owens Corning had a return on equity of 25.88% and a net margin of 12.36%. Owens Corning’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.77 earnings per share.
Owens Corning Price Performance
Shares of OC traded down $1.22 during mid-day trading on Thursday, hitting $164.00. 208,096 shares of the company traded hands, compared to its average volume of 667,902. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average of $158.41 and a 200 day moving average of $145.80. Owens Corning has a one year low of $98.02 and a one year high of $173.65. The stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 7.08 and a beta of 1.47.
Owens Corning Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Monday, March 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, March 1st. Owens Corning’s dividend payout ratio is presently 18.29%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Owens Corning
Insider Buying and Selling
In related news, insider Gunner Smith sold 708 shares of Owens Corning stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $153.73, for a total value of $108,840.84. Following the completion of the sale, the insider now directly owns 39,994 shares in the company, valued at $6,148,277.62. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Owens Corning news, insider Gunner Smith sold 708 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $153.73, for a total transaction of $108,840.84. Following the completion of the sale, the insider now owns 39,994 shares in the company, valued at approximately $6,148,277.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chambers sold 9,100 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $153.57, for a total value of $1,397,487.00. Following the completion of the transaction, the chief executive officer now owns 269,696 shares in the company, valued at $41,417,214.72. The disclosure for this sale can be found here. Insiders sold 21,672 shares of company stock worth $3,325,799 in the last quarter. Insiders own 0.89% of the company’s stock.
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.
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