Owens Corning (OC) Receives Coverage Optimism Score of 0.19
News stories about Owens Corning (NYSE:OC) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Owens Corning earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.642132160187 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Venture Construction Group of Florida Partners with Habitat for Humanity (prweb.com)
- Venture Construction Group of Florida Joins Restoration Industry Association (RIA) (prweb.com)
- Owens Corning (OC) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Owens Corning (OC) – Watch List stock – Wall Street Morning (wallstreetmorning.com)
- Owens Corning Inc (OC) Ex-Dividend Date Scheduled for March 08, 2018 – Nasdaq (nasdaq.com)
Several research firms have recently commented on OC. Seaport Global Securities boosted their price target on shares of Owens Corning from $90.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Zacks Investment Research upgraded shares of Owens Corning from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a research note on Wednesday, December 27th. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 price objective (up previously from $95.00) on shares of Owens Corning in a research note on Monday, January 22nd. They noted that the move was a valuation call. Zelman & Associates lowered shares of Owens Corning from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. Finally, SunTrust Banks upped their price target on shares of Owens Corning to $85.00 and gave the company a “hold” rating in a research note on Tuesday, November 21st. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $87.95.
Owens Corning (NYSE:OC) last announced its earnings results on Wednesday, February 21st. The construction company reported $1.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.07. Owens Corning had a net margin of 4.53% and a return on equity of 12.26%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the firm posted $0.72 earnings per share. Owens Corning’s revenue was up 16.1% compared to the same quarter last year. research analysts anticipate that Owens Corning will post 5.66 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 9th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, March 8th. Owens Corning’s payout ratio is 32.94%.
ILLEGAL ACTIVITY NOTICE: This piece of content was published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.mareainformativa.com/2018/03/06/owens-corning-oc-getting-somewhat-positive-media-coverage-study-finds-updated-updated.html.
About Owens Corning
Owens Corning is engaged in the business of composite and building materials systems, delivering a range of products and services. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications.
Receive News & Ratings for Owens Corning Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens Corning and related companies with MarketBeat.com's FREE daily email newsletter.