Most Recent Stocks Report: Owens Corning Inc (NYSE:OC)

Owens Corning Inc (NYSE:OC) accumulated +0.62%, closing at $48.78 after floating between $48.40 and $49.19. The company has market capitalization of $5.53B. It has twelve month low of $38.96 and twelve month high of $58.69.

The recent traded volume of 1.29 million shares  than its average volume of 1.12 million shares. Analyst expected twelve month price target of $55.75.

During the most recent trading day, the stock’s price shifted up  +25.21% from its 52-week low and -16.89%  lower from its 52-week high. The stock’s price moved below its 200 day moving average of $51.93. The stock is currently trading  its SMA 50 of $52.11.

Present Consensus Recommendation for OWENS CORNING INC (OC):

OWENS CORNING INC (OC) received consensus recommendation of “Hold” from Analysts polled at Thomson Reuters. The Company expected to announce next earnings approximately $0.62 per share.

One Month Ago Analyst Ratings: The Company has received mean Analyst rating of 2.67 from polled analysts at Reuters One Month Ago. It has been suggested as “Buy Opinions” from 4 and 1 issued “Sell Thoughts” for the stock. 11 rated the company as a “Hold”. “Outperform View” rating was revealed by 3 and “Underperform Signal” rating was issued by 2.

Sales Estimates: Wall Street Analysts are estimating average sales of $1,319.40M for current quarter (Quarter Ending Dec-16). Analysts projected the minimum sales estimate of $1,265.90M and some analysts told that the stock may achieve maximum sales of $1,389.62M. Average sales estimate is measured after the consensus analysis of 18 Analysts.

Analysts on average are expecting revenue target $1,289.87M for next quarter (Quarter Ending Mar-17). The highest achievable sales estimated by the analysts are $1,364.00M while lowest reachable sales target of $1,217.80M calculated by analysts. The Average sales target is based on the consensus of 13 brokerage Analysts.

Recent Sales Surprise: During the recent quarter period Quarter Ending Sep-16, the company declared sales of $1,518.00M. The sales consensus among polled analysts prior to the last earnings announcement was $ 1,506.47M. The difference in the numbers was $11.53M which caused a surprise factor of 0.77%.

Earnings Estimates: “21” Analysts are saying that the company to announce quarterly earnings of 0.62$ per share for current quarter period Quarter Ending Dec-16. Top-level EPS estimate is set at $0.71 while low-level EPS estimate among analysts is focused at $0.50.

“16” Analysts are expecting that the company to declare next quarterly earnings of $0.58 per share for period Quarter Ending Mar-17.  EPS estimate is noted at $0.77 while lowest EPS estimate among analysts is targeted at $0.41.

Earnings Surprise: According to the earnings report released for Quarter Ending Sep-16, The Company posted actual earnings of $1.09 per share whereas the Analysts projected earnings were $0.99 per share. The difference between actual earnings and estimated earnings was $0.10 per share. These results showed an earnings surprise of 10.09% (Thomson Reuter’s data).

 

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Jaron Dave

Jaron Dave covers news about different companies including all us market sectors. Before joining StreetUpdates, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He is current Senior Content Writer & Editor.

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