Adversity is less terrifying than hope: Owens Corning (OC)

With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.83 million shares. During the session, the Building Products & Equipment company that operates in wider Industrials sector, reached to the highest price of $191.825 whereas the lowest price it dropped to was $188.105. The 52-week range on OC shows that it touched its highest point at $214.53 and its lowest point at $138.70 during that stretch. It currently has a 1-year price target of $213.46. With its current market cap of 16.37 billion, OC has annualized dividend of $2.49 while the current yield stands at 1.30%. OC paid its most recent dividend on 1736121600, while the ex-dividend date for that was 1736121600. Beta for the stock currently stands at 1.46.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OC was up-trending over the past week, with a rise of 1.62%, but this was up by 11.87% over a month. Three-month performance surged to 3.12% while six-month performance rose 4.83%. The stock gained 25.42% in the past year, while it has gained 12.04% so far this year. A look at the trailing 12-month EPS for OC yields 11.76 with Next year EPS estimates of 16.30. For the next quarter, that number is 2.91. This implies an EPS growth rate of 7.58% for this year and 5.09% for next year. EPS is expected to grow by 6.83% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 21.79%.

Float and Shares Shorts:

At present, 85.80 million OC shares are outstanding with a float of 84.94 million shares on hand for trading. On 2025-01-15, short shares totaled 0.9 million, which was 105.0 higher than short shares on 1734048000. In addition to Mr. Brian D. Chambers as the firm’s President, CEO & Chair, Mr. Todd W. Fister serves as its Executive VP & CFO.

Institutional Ownership:

Through their ownership of 0.94654 of OC’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, OC reported revenue of $3046000000.0 and operating income of $509000000.0. The EBITDA in the recently reported quarter was $694000000.0 and diluted EPS was $3.65.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OC since 15 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OC analysts setting a high price target of 245.0 and a low target of 161.12, the average target price over the next 12 months is 209.72285. Based on these targets, OC could surge 28.39% to reach the target high and fall by -15.56% to reach the target low. Reaching the average price target will result in a growth of 9.91% from current levels.

Analysts have provided yearly estimates in a range of $15.80832 being high and $15.26701 being low. For OC, this leads to a yearly average estimate of $15.50759. Based on analyst estimates, the high estimate for the next quarter is $4.01 and the low estimate is $2.98. The average estimate for the next quarter is thus $3.53.