$1.01 EPS Expected for Owens Corning (OC)

July 18, 2017 - By Nellie Frank

 $1.01 EPS Expected for Owens Corning (OC)
Investors sentiment increased to 1.2 in Q4 2016. Its up 0.10, from 1.1 in 2016Q3. It improved, as 35 investors sold Owens Corning shares while 95 reduced holdings. 52 funds opened positions while 104 raised stakes. 109.20 million shares or 2.75% less from 112.29 million shares in 2016Q3 were reported.
Leuthold Grp Inc Limited Liability Com holds 0.1% or 17,065 shares in its portfolio. Us Bank & Trust De reported 11,741 shares. Pzena Inv Mngmt Ltd Liability owns 203,330 shares. U S Glob Invsts holds 20,100 shares or 0.43% of its portfolio. Rothschild Asset Management holds 0.25% or 384,851 shares in its portfolio. Wellington Mngmt Llp has 0.03% invested in Owens Corning (NYSE:OC). Lazard Asset Mgmt Limited Liability Company invested in 301,425 shares or 0.03% of the stock. Hall Laurie J Trustee, Massachusetts-based fund reported 1,600 shares. Malaga Cove Limited Liability Company has invested 1.21% in Owens Corning (NYSE:OC). Fdx Advsr, a California-based fund reported 27,535 shares. 29,815 are owned by Regentatlantic Ltd Liability. Calvert Investment Mngmt Inc invested in 8,915 shares or 0.02% of the stock. Convergence Inv Ptnrs Limited reported 41,058 shares or 0.29% of all its holdings. Moreover, Cwm Limited Company has 0% invested in Owens Corning (NYSE:OC). 6,942 are owned by Federated Invsts Pa.

Since February 22, 2017, it had 0 insider purchases, and 8 insider sales for $5.48 million activity. $619,500 worth of Owens Corning (NYSE:OC) was sold by Chambers Brian. 2,000 shares valued at $129,200 were sold by McMonagle James J on Thursday, June 15. Shares for $116,880 were sold by Schmidt Kelly. Another trade for 21,544 shares valued at $1.41M was made by Genis Arnaud on Wednesday, June 14. $488,940 worth of Owens Corning (NYSE:OC) shares were sold by HAKE RALPH F. $1.18 million worth of stock was sold by McMurray Michael C. on Thursday, March 9. Francis Julian also sold $483,446 worth of Owens Corning (NYSE:OC) on Friday, March 3.

Analysts expect Owens Corning (NYSE:OC) to report $1.01 EPS on July, 26.They anticipate $0.28 EPS change or 21.71 % from last quarter’s $1.29 EPS. OC’s profit would be $112.87 million giving it 16.32 P/E if the $1.01 EPS is correct. After having $0.85 EPS previously, Owens Corning’s analysts see 18.82 % EPS growth. The stock decreased 0.27% or $0.18 during the last trading session, reaching $65.95. About 362,338 shares traded. Owens Corning (NYSE:OC) has risen 23.07% since July 18, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Owens Corning (NYSE:OC) Ratings Coverage

Among 21 analysts covering Owens Corning (NYSE:OC), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. Owens Corning had 43 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Thursday, September 29 by Wells Fargo. RBC Capital Markets upgraded the shares of OC in report on Monday, January 11 to “Outperform” rating. Wedbush upgraded Owens Corning (NYSE:OC) on Friday, March 31 to “Outperform” rating. The stock of Owens Corning (NYSE:OC) earned “Equal Weight” rating by Barclays Capital on Friday, January 6. As per Monday, June 19, the company rating was maintained by RBC Capital Markets. The company was downgraded on Thursday, October 22 by Suntrust Robinson. The stock of Owens Corning (NYSE:OC) has “Sell” rating given on Tuesday, October 6 by Goldman Sachs. The stock has “Buy” rating by Jefferies on Friday, March 24. The rating was initiated by Seaport Global Securities with “Buy” on Wednesday, December 7. Jefferies maintained the shares of OC in report on Thursday, July 13 with “Buy” rating.

Owens Corning is engaged in the business of composite and building materials systems, delivering a range of services and products. The company has market cap of $7.37 billion. 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. It has a 17.32 P/E ratio. The Company’s divisions include Composites, Insulation and Roofing.

More notable recent Owens Corning (NYSE:OC) news were published by: Zacks.com which released: “Here’s Why You Should Add Owens Corning (OC) Right Away” on July 04, 2017, also Businesswire.com with their article: “Owens Corning Announces Pricing of Cash Tender Offers for Any and All of Its 9 …” published on July 06, 2017, Seekingalpha.com published: “Owens Corning: Building Products Manufacturer Profit From An Upcoming Mega …” on June 20, 2017. More interesting news about Owens Corning (NYSE:OC) were released by: Streetinsider.com and their article: “Owens Corning (OC) PT Raised to $76 at Northcoast Research, ” Insulation …” published on June 27, 2017 as well as Nasdaq.com‘s news article titled: “Is Owens Corning (OC) a Suitable Value Pick Right Now?” with publication date: June 30, 2017.

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