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Why Owens Corning (OC) Outpaced the Stock Market Today
ZACKS· 2024-09-18 07:06
Owens Corning (OC) ended the recent trading session at $170.79, demonstrating a +1.8% swing from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.03%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq appreciated by 0.2%.Prior to today's trading, shares of the construction materials company had gained 3.19% over the past month. This has lagged the Construction sector's gain of 5.35% and outpaced the S&P 500's gain of 1.54% in that time.Analysts and i ...
Owens Corning (OC) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-09-06 06:56
文章核心观点 - 公司最近一个交易日的股价下跌0.65%,低于标普500指数的0.3%下跌幅度 [1] - 公司过去一个月的股价上涨3.87%,超过建筑材料行业0.95%和标普500指数3.42%的涨幅 [1] - 公司即将公布的季度财报预计每股收益将下降3.37%,但营收将增长22.67% [1] - 分析师预计公司全年每股收益和营收将分别增长6.73%和13.35% [2] - 分析师最近对公司的预测有所下调,但公司仍被评为卖出评级 [2][3] - 公司当前估值水平低于行业平均水平 [3] 行业概况 - 公司所属的建筑材料行业目前在250多个行业中排名前26% [4] - 该行业的平均股票评级高于中位数,表现优于大盘 [4]
Owens Corning (OC) Up 3.9% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-09-06 00:35
A month has gone by since the last earnings report for Owens Corning (OC) . Shares have added about 3.9% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Owens Corning due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Owens Corning Q2 Earnings Beat Estimates, Gives ...
Owens Corning (OC) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-09-05 07:06
In the latest trading session, Owens Corning (OC) closed at $159.98, marking a +0.23% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.16%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq lost 0.3%.Shares of the construction materials company have appreciated by 1.29% over the course of the past month, underperforming the Construction sector's gain of 1.53% and the S&P 500's gain of 3.64%.Analysts and investors alike will be keeping a close eye ...
Owens Corning Stock Declines in the Past 3 Months: Things to Note
ZACKS· 2024-09-04 01:15
Owens Corning (OC) stock has lost 7.1% in the past three months against the Zacks Building Products - Miscellaneous industry’s 9.5% growth. Despite witnessing healthy North American building and construction end-market demand, the company’s volumes have declined of late.Apart from this, OC has been witnessing significant inflationary pressure and labor woes. Also, foreign currency translation remains a concern for this residential and commercial building products company. Owing to these headwinds, the compa ...
Cincinnati Affordable Contracting Named Owens Corning Preferred Roofing Contractor
GlobeNewswire News Room· 2024-08-27 23:32
Olde West Chester, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Olde West Chester, Ohio - Cincinnati Affordable Contracting has just been officially recognized as an Owens Corning Preferred Contractor. This status is a testament to the company's dedication to delivering high-quality work, ensuring customer satisfaction, and using premium materials in all projects. Jason Doerman, Co-owner of Cincinnati Affordable Contracting, expressed his gratitude for the recognition. "Being named an Owens Corning Preferred Contract ...
3 High-Potential Stocks Analysts Say Could Soar
MarketBeat· 2024-08-15 19:02
Wall Street analysts understand that their reputations and careers are on the line each time they issue a recommendation for—or against—a stock. Knowing this, investors would find the weight of the decision-making and stock rating all the more important now that the S&P 500 has survived one of the worst weeks of 2024. During volatile times, each analyst boost carries double weight.After the so-called “Carry Trade” between U.S. dollars and the Japanese yen started to unwind due to interest rate hikes in Japa ...
Owens Corning Price Dips, While Acquisition Will Generate Growth
Seeking Alpha· 2024-08-13 12:40
文章核心观点 - 公司是建筑材料行业的巨头,主要业务包括屋顶材料、绝缘材料和复合材料,最近还收购了门业务公司Masonite [3][4] - 公司业务表现良好,营收和利润均有增长,股息增长率也很高 [3][10][11] - 公司认为目前股价被低估,给出了较高的目标价 [3][35][37] 公司概况 - 公司成立于1938年,在37个国家有业务,主要分为屋顶、绝缘、复合材料和门四大业务板块 [4] - 复合材料业务广泛应用于建筑、可再生能源、基础设施等领域 [8] - 公司在各主要业务领域都处于领先地位,毛利率、EBITDA利润率和净利率等财务指标也优于行业水平 [9] 财务表现 - 2024年二季度营收同比增长9%,达到28亿美元,但略低于预期 [10] - 二季度每股非公GAAP收益为4.64美元,超出预期 [10] - 经营活动现金流和自由现金流较去年同期有所下降 [10] - 公司完成了对Masonite的收购,Masonite在5月15日至6月30日期间为公司贡献了3.11亿美元营收和0.61亿美元EBITDA [12] 增长策略 - 公司未来计划通过加强现有业务、拓展新产品和解决方案等方式来推动增长 [25][26] - 资本支出有所增加,有助于支持公司的增长 [24][25] - 分析师预计公司未来几年的盈利增长将保持中个位数水平 [22][23] 股息政策 - 公司股息增长迅速,过去5年的年复合增长率达到21.47% [28] - 目前股息收益率为1.53%,派息率较低,有进一步提升的空间 [28] 估值分析 - 公司估值水平相对较低,主要估值指标如市盈率、市销率等均低于行业中位数 [29][30][31][32][33][34] - 根据内在价值和相对估值分析,公司股价被低估约30% [35] - 分析师给出的1年目标价为186.46美元,较当前价格上涨约19% [36][37]
Owens-Corning Stock: Good Value or Recession Red Flag?
MarketBeat· 2024-08-09 00:16
A quarterly earnings beat hasn’t been enough to reverse the slide in Owens Corning NYSE: OC stock. In mid-morning trading the day after the maker of builder and construction materials delivered its second quarter earnings the stock is down just over 10% for the week.  Undoubtedly much of this is due to the sharp, market-wide sell-off to start the week. But is this a case of an oversold stock creating a buying opportunity or a red flag for an industry that is highly susceptible to recession pressures?  Get R ...
Owens Corning (OC) Q2 Earnings Beat Estimates, Q3 View Strong
ZACKS· 2024-08-08 01:40
Owens Corning (OC) reported mixed results for second-quarter 2024, wherein earnings surpassed the Zacks Consensus Estimate but net sales missed the same. On a year-over-year basis, both earnings and net sales increased on the back of strong commercial execution and manufacturing performance as well as the strategic choice to acquire Masonite.Owens Corning's shares gained 4.1% in the day trading session, but fell 5% in the after-hour trading session on Aug 6.Inside the HeadlinesThe company reported adjusted ...