EPS for Owens Corning (OC) Expected At $1.02

January 14, 2018 - By Richard Conner

 EPS for Owens Corning (OC) Expected At $1.02
Investors sentiment increased to 1.26 in 2017 Q3. Its up 0.32, from 0.94 in 2017Q2. It increased, as 29 investors sold Owens Corning shares while 115 reduced holdings. 61 funds opened positions while 120 raised stakes. 101.20 million shares or 1.31% less from 102.55 million shares in 2017Q2 were reported.
Pettee Investors Inc owns 13,838 shares for 0.69% of their portfolio. Iridian Asset Mgmt Limited Liability Corp Ct has 3.17M shares. Fdx Advisors stated it has 30,151 shares. Moreover, Meeder Asset Management has 0.33% invested in Owens Corning (NYSE:OC). 308 were reported by Fny Managed Accounts Lc. 48,009 are owned by Mader Shannon Wealth Mngmt Inc. Raymond James Financial Ser Advsrs reported 0% stake. Amundi Pioneer Asset Mngmt stated it has 411,678 shares. Tiaa Cref Limited Liability Corp invested in 0.12% or 2.31 million shares. Anson Funds Management L P reported 88,340 shares or 1.03% of all its holdings. Bankshares Of Stockton holds 4,375 shares or 0.15% of its portfolio. 170,607 were accumulated by Dalton Greiner Hartman Maher Company. Smithfield Trust Co accumulated 4,066 shares or 0.04% of the stock. Venator Cap Management Limited invested in 3.69% or 46,142 shares. Jane Street Limited Liability Corp holds 0% in Owens Corning (NYSE:OC) or 15,919 shares.

Since August 4, 2017, it had 0 buys, and 7 sales for $15.64 million activity. McMurray Michael C. had sold 14,000 shares worth $1.07M. On Friday, August 4 Chambers Brian sold $1.12 million worth of Owens Corning (NYSE:OC) or 16,600 shares. 41,425 shares valued at $2.94M were sold by SMITH DANIEL T on Monday, August 28. Francis Julian sold $198,567 worth of Owens Corning (NYSE:OC) on Friday, September 1. Schmidt Kelly sold $102,852 worth of stock. $424,500 worth of Owens Corning (NYSE:OC) was sold by Genis Arnaud.

Analysts expect Owens Corning (NYSE:OC) to report $1.02 EPS on February, 14.They anticipate $0.30 EPS change or 41.67 % from last quarter’s $0.72 EPS. OC’s profit would be $113.46 million giving it 23.51 P/E if the $1.02 EPS is correct. After having $1.25 EPS previously, Owens Corning’s analysts see -18.40 % EPS growth. The stock increased 0.45% or $0.43 during the last trading session, reaching $95.92. About 702,886 shares traded. Owens Corning (NYSE:OC) has risen 23.07% since January 14, 2017 and is uptrending. It has outperformed by 6.37% the S&P500.

Owens Corning (NYSE:OC) Ratings Coverage

Among 25 analysts covering Owens Corning (NYSE:OC), 16 have Buy rating, 0 Sell and 9 Hold. Therefore 64% are positive. Owens Corning had 71 analyst reports since July 23, 2015 according to SRatingsIntel. The firm earned “Equal-Weight” rating on Thursday, October 26 by Barclays Capital. The firm has “Underperform” rating given on Friday, December 16 by Macquarie Research. The rating was maintained by Credit Suisse on Friday, November 17 with “Outperform”. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, November 14 report. On Wednesday, October 11 the stock rating was maintained by Evercore with “Buy”. The firm has “Neutral” rating given on Thursday, October 22 by SunTrust. SunTrust maintained Owens Corning (NYSE:OC) rating on Thursday, October 26. SunTrust has “Hold” rating and $75 target. As per Thursday, October 22, the company rating was maintained by Barclays Capital. Barclays Capital initiated the stock with “Equal Weight” rating in Friday, January 6 report. Wells Fargo initiated the stock with “Market Perform” rating in Thursday, September 29 report.

Owens Corning, together with its subsidiaries, produces and sells glass fiber reinforcements and other materials for composites; and residential and commercial building materials worldwide. The company has market cap of $10.67 billion. It operates in three divisions: Composites, Insulation, and Roofing. It has a 28.65 P/E ratio. The Composites segment makes, fabricates, and sells glass reinforcements in the form of fiber; and makes and sells glass fiber products in the form of fabrics, non-wovens, and other specialized products.

More notable recent Owens Corning (NYSE:OC) news were published by: Nasdaq.com which released: “Owens Corning Inc (OC) Ex-Dividend Date Scheduled for December 29, 2017” on December 28, 2017, also Businesswire.com with their article: “Owens Corning to Support Gary Sinise Foundation’s RISE Program to Build Custom …” published on December 21, 2017, Nasdaq.com published: “Ex-Dividend Reminder: Werner Enterprises, Air Products & Chemicals and Owens …” on December 27, 2017. More interesting news about Owens Corning (NYSE:OC) were released by: Nasdaq.com and their article: “Can Owens Corning (OC) Stock Continue to Grow Earnings?” published on January 12, 2018 as well as Nasdaq.com‘s news article titled: “Owens Corning Reaches Analyst Target Price” with publication date: December 18, 2017.

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