Owens Corning (NYSE: OC) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Owens Corning Delivers Full-Year Net Sales of $9.7 Billion; Generates Earnings of $1.2 Billion and Adjusted EBIT of $1.8 Billion.

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Stocks Info

Owens Corning is listed on the NYSE in the Industrials sector while operating in the Building Products & Equipment industry. The current market capitalization of Owens Corning is $13.66B. A total of 0.89 million shares were traded on the day, compared to an average of 741.12K shares.

In the most recent transaction, Smith Gunner sold 7,442 shares of OC for 148.99 per share on Feb 14 ’24. After the transaction, the President, Roofing now owns 36,140 company shares. In a previous transaction on Feb 06 ’24, Smith Gunner sold 1,447 shares at 152.99 per share. OC shares that President, Roofing owns now total 36,140.

Among the insiders who sold shares, Smith Gunner disposed of 657 shares on Feb 05 ’24 at a per-share price of $153.36. This resulted in the President, Roofing holding 37,587 shares of OC after the transaction. In another insider transaction, Smith Gunner sold 708 shares at $153.73 per share on Feb 02 ’24. Company shares held by the President, Roofing now total 39,994.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Owens Corning pays an annual dividend of $2.24, resulting in a dividend yield of 1.43%, and it has a price to earnings (P/E) ratio of 11.97. OC’s most recent ex-dividend date was 3/1/2024 when it declared a $0.60 quarterly dividend that was paid in cash on 4/4/2024. Previously, the company paid the dividend on 1/19/2024 with an ex-dividend date of 1/5/2024. The OC stock dividend was $0.60 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, OC has a high of $160.18 and a low of $88.86.

As of this writing, OC has an earnings estimate of $3.05 per share for the current quarter. EPS was calculated based on a consensus of 15 estimates, with a high estimate of $3.17 per share and a lower estimate of $2.9. The company reported an EPS of $4.15 in the last quarter, which was 8.60% higher than expectations of $3.82.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. OC’s latest balance sheet shows that the firm has $959.00M in Cash & Short Term Investments as of fiscal 2021. There were $3.12B in debt and $1.70B in liabilities at the time. Its Book Value Per Share was $59.24, while its Total Shareholder’s Equity was $4.33B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OC is Buy with a score of 3.79.

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