Owens Corning (NYSE:OC) Releases Quarterly Earnings Results, Beats Expectations By $0.21 EPS

Owens Corning (NYSE:OC) announced its quarterly earnings data on Wednesday. The construction company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.21, Zacks reports. Owens Corning had a positive return on equity of 21.93% and a negative net margin of 5.17%.The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned $2.97 earnings per share. Owens Corning’s quarterly revenue was down 10.5% compared to the same quarter last year.

Here are the key takeaways from Owens Corning’s conference call:

• Owens Corning delivered resilient profitability with $369 million of adjusted EBITDA in Q1 (16% margin); management is guiding to an enterprise EBITDA margin of roughly 20%–22% in Q2 and expects Roofing margins in the low-30% range.
• The company is capturing meaningful cost savings and portfolio cash — on track for ~$135 million run-rate enterprise synergies (exceeding its $125M target), pursuing an additional $75 million of structural COGS improvements, and completed the sale of Glass Reinforcements for ~$280 million plus $50–70M in excess alloy proceeds.
• Cash flow was pressured in Q1 with a net free cash flow outflow of $387 million due to seasonal working capital and elevated capex (Q1 capex $210 million; FY capex expected ~$800 million), although leverage remains mid-target at 2.5x and liquidity was $1.8 billion.
• Near-term margin risk from inflation and supply-costs — management estimates ~$60 million of incremental cost impact in Q2 (roughly half to Roofing), and says recent price increases will be realized with a lag while a potential ~$50 million tariff refund remains timing-uncertain and is excluded from guidance.

Owens Corning Stock Performance

Shares of NYSE:OC traded down $1.12 during midday trading on Thursday, hitting $121.92. The company’s stock had a trading volume of 1,428,350 shares, compared to its average volume of 1,392,413. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of -19.05, a PEG ratio of 2.08 and a beta of 1.35. The stock’s 50 day simple moving average is $113.92 and its 200 day simple moving average is $117.03. Owens Corning has a fifty-two week low of $97.53 and a fifty-two week high of $159.42. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.70 and a current ratio of 1.26.

More Owens Corning News

Here are the key news stories impacting Owens Corning this week:

• Positive Sentiment: Wells Fargo raised its price target to $150 and reiterated an “Overweight” rating, implying meaningful upside from current levels. Wells Fargo price target raise
• Positive Sentiment: Q1 results beat consensus: adjusted EPS of $1.22 vs. $1.01 expected and revenue of ~$2.27B beat estimates — proof of operating resilience that supports the stock. Earnings beat coverage
• Positive Sentiment: Company updated Q2 revenue guidance to about $2.6–$2.7B versus a ~$2.5B consensus, suggesting management expects demand/mix to improve next quarter. Q1 press release / slide deck
• Neutral Sentiment: Full Q1 earnings call transcript and presentation are available for investors to review management commentary on end‑market trends and margin drivers. Earnings call transcript
• Neutral Sentiment: Analysts’ average price target sits around $145.09, reflecting a split between bullish views on branded building‑products positioning and concerns around cyclical exposure. Analyst price target summary
• Negative Sentiment: Despite the beat, revenue fell ~10.5% YoY and GAAP net margins remain under pressure (negative net margin reported), and EPS is materially below last year’s $2.97 — signaling lingering cyclical weakness and margin volatility that can cap multiple expansion. Earnings summary
• Negative Sentiment: Intraday trading showed below‑average volume, consistent with profit‑taking after the post‑earnings move; lighter liquidity can amplify downside on negative days.

Wall Street Analyst Weigh In

OC has been the topic of several recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Owens Corning in a report on Friday, March 27th. Wells Fargo & Company raised their target price on Owens Corning from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday. Zacks Research upgraded Owens Corning from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Citigroup cut their target price on Owens Corning from $137.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Evercore set a $139.00 target price on Owens Corning in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.33.

Institutional Investors Weigh In On Owens Corning

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC grew its position in shares of Owens Corning by 18.4% in the fourth quarter. Virtu Financial LLC now owns 3,286 shares of the construction company’s stock valued at $368,000 after purchasing an additional 511 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Owens Corning by 46.4% in the fourth quarter. Corient Private Wealth LLC now owns 47,940 shares of the construction company’s stock valued at $5,365,000 after purchasing an additional 15,197 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Owens Corning in the fourth quarter valued at about $3,782,000. Mercer Global Advisors Inc. ADV grew its position in shares of Owens Corning by 10.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 29,485 shares of the construction company’s stock valued at $3,300,000 after purchasing an additional 2,702 shares during the last quarter. Finally, Vident Advisory LLC grew its position in shares of Owens Corning by 13.5% in the fourth quarter. Vident Advisory LLC now owns 12,950 shares of the construction company’s stock valued at $1,449,000 after purchasing an additional 1,536 shares during the last quarter. 88.40% of the stock is owned by institutional investors and hedge funds.

About Owens Corning

Owens Corning is a global leader in composite materials and building products, with a primary focus on insulation, roofing, and fiberglass composites. The company serves professional contractors, builders and industrial manufacturers by providing solutions designed to improve energy efficiency, structural performance and durability. Its products are used in residential, commercial, and industrial applications worldwide.

The company’s core product lines include fiberglass insulation for thermal and acoustic comfort, roofing shingles and underlayment systems engineered for weather protection, and advanced composite materials for markets such as wind energy, automotive, marine and infrastructure.